Immigrants; Investments;

Canada losing lucrative immigrant investors

February 9, 2015

The federal government has recently launched its new Immigrant Investor Venture Capital (IIVC) Pilot Program which aims to raise $120-million from 60 eligible ultra-high net worth investors. The funds are intended to be invested in Canada-based startups with high growth potential. Ironically, the new program unofficially confirms Canada’s definitive retreat from the global residence-through-investment industry, which it created in 1986 with the Quebec government. Under the new program, approved applicants...

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