“Investor” means a foreign national who
-
has business experience;
-
has a legally obtained net worth of at least CDN $800,000;
and
-
indicates in writing to an officer that they intend to
make or have made an investment.
“Business experience”, in respect of an investor, means
-
the management of a qualifying business and the control of
a percentage of equity of the qualifying business for at
least two years in the period beginning five years before
the date of application for a permanent resident visa and
ending on the day a determination is made in respect of
the application, or
-
the management of at least five full-time job equivalents
per year in a business for at least two years in the
period beginning five years before the date of application
for a permanent resident visa and ending on the day a
determination is made in respect of the application.
“Full-time job equivalent” means 1,950 hours of paid
employment.
“Net assets”, in respect of a qualifying business or a
qualifying Canadian business, means the assets of the
business, minus the liabilities of the business, plus
shareholder loans made to the business by a foreign national
and their spouse or common-law partner.
“Net income”, in respect of a qualifying business or a
qualifying Canadian business means the after tax profit or
loss of the business plus remuneration by the business to a
foreign national and their spouse or common-law partner.
“Net worth”, in respect of an investor, means
the
fair market value of all of the assets of the investor and
their spouse or common-law partner minus the fair market
value of all of their liabilities.
“Percentage of equity” means
- in
respect of a sole proprietorship, 100 per cent of the
equity of the sole proprietorship controlled by a foreign
national or their spouse or common-law partner;
- in
respect of a corporation, the percentage of the issued and
outstanding voting shares of the capital stock of the
corporation controlled by a foreign national or their
spouse or common-law partner; and
- in
respect of a partnership or joint venture, the percentage
of the profit or loss of the partnership or joint venture
to which the foreign national or their spouse or
common-law partner is entitled.
“Qualifying business” means a business — other than a
business operated primarily for the purpose of deriving
investment income such as interest, dividends or capital
gains — for which, in each of any two years in the period
beginning five years before the date of application for a
permanent resident visa and ending on the date a
determination is made in respect of the application, there
is documentary evidence of any two of the following:
-
that the percentage of equity multiplied by the number of
full time job equivalents is equal to or greater than two
full-time job equivalents per year;
-
that the percentage of equity multiplied by the total
annual sales is equal to or greater than CDN $500,000;
-
that the percentage of equity multiplied by the net income
in the year is equal to or greater than CDN $50,000; and
-
that the percentage of equity multiplied by the net assets
at the end of the year is equal to or greater than CDN
$125,000
Selection Grid
In addition to the above
requirements, Investors will be assessed against the
following selection
grid: Applicants must obtain a
minimum of 35 points.
|
Factors Assessed |
Maximum Points |
|
Education |
25 |
|
Business experience |
35 |
|
Age |
10 |
|
Proficiency in English and/or French |
24 |
|
Adaptability |
6 |
|
TOTAL |
100 |
|
 |
