Canada is adjusting the 2010 immigration plan to place an even greater focus on migrants that can aid the country economy, Citizenship, Immigration and Multiculturalism Minister Jason Kenney told a news conference recently.
In 2010, Canadian immigration anticipates welcoming more immigrants in the economic category than originally planned, including federal skilled workers and record-level numbers of provincial nominees.
The Government is also proposing new eligibility criteria for the Canadian Immigrant Investor Program so it makes an even greater contribution to the Canadian economy.
Proposed regulatory changes will require new investors to have a personal net worth of $1.6M, up from $800,000, and make an investment of $800,000, up from $400,000. These proposals were pre-published in the Canada Gazette for a 30-day public comment period.
Until the Canadian investor immigration changes are finalized, the Government will stop accepting new investor applications to prevent processing times from being affected.
When the new criteria are in place, new applications will be processed alongside the old ones.
“Canada needs investor immigrants,” said Canadian Immigration Minister Kenney.
“These changes are necessary to keep Canada’s program competitive with that of other countries, and keep pace with the changing economy.”
