Canada's rich resources, resilient financial system and favorable demographics relative to other G7 nations make it an economic contender looking out over the next five to ten years.
Los Angeles, CA (PRWEB) June 16, 2010
Canada currently leads the more exclusive group of G-7 countries, bragging a strong financial system, low debt, and high levels of immigration. Chief economist at CIBC, one of Canada's largest Banks, Avery Shenfeld, notes "Canada's rich resources, resilient financial system and favorable demographics relative to other G7 nations make it an economic contender looking out over the next five to ten years." The Federal Investor Program and the Quebec Investor programs are popular options for Finically savvy immigrants.
Canada is the place to be, with high levels of immigration illustrating the desirability of the world's second largest country. The preliminary data released from Citizenship and Immigration Canada illustrates this point well. In 2009, a staggering amount of immigrants were admitted into Canada. The data shows that over 500,000 newcomers were welcomed into Canada. The numbers are doubly impressive when you consider that Canada only has a population of 34 million people.
The time to invest in Canada is now. Shenfeld notes "where economic growth goes, corporate earnings, dividends and other rewards for investors are likely to follow." The Government of Canada is encouraging investment in Canada by offering Permanent Residency to those who are willing to contribute to the Canadian economy.
The most popular investment programs in Canada is the Canadian Investor Visa Program.
There are three essential requirements for the investor programs in Canada.
1. The investor must be willing to make an investment in Canada. There are two ways the investor can go about this:
A.) The investor can invest $400,000CAD into the Canadian Government. They are guaranteed to receive the entire $400,000 back after five years. There is no risk and this approach is completely passive. The funds are guaranteed by the Canadian Government; OR
B.) The investor can go through a designated Canadian bank. The investor pays the bank $120,000CAD, and the bank in turn makes an investment in Canada. With this option, none of the investor's money will be returned.
2. The investor must also have a net worth of $800,000CAD.
3. The investor must either have two years of business experience or two years of managerial experience.
Upon approval of applications, foreign investors are granted Canadian Permanent Residency status. Permanent residents are offered an abundance of opportunities and benefits in Canada. Permanent residents have access to most of the social welfare programs in Canada, including free health care. Permanent Residents can also live and work anywhere in Canada with minor exceptions, this means that the applicant is not tied to a specific employer. Permanent Residents can also apply for full Canadian Citizenship after three years of living full time in Canada.
Another important element about the Canadian Investor Program is that Permanent Residency is not merely given to the principal applicant. A qualifying spouse and dependent children are also given full Permanent Residency. This means that the applicant's spouse and their dependent children have the ability to work and study in Canada.
Permanent Residents also have the ability to sponsor eligible family members. This provides immigrants with options to sponsor their aging parents and grandparents. And if these family members are approved, they are also granted Permanent Residency Status.
With the marriage of a strong Canadian economy and liberal immigration policies, the investor visa programs in Canada truly are unparalleled. It is therefore a good time to immigrate to Canada.
This article was brought to you by Darren SIlver & Associates.
A top immigration firm consisting of both U.S. and Canadian Licensed Attorneys. The Firm has concentrated and excelled in the area of immigration law for over 15 years.
Please contact our office for a free consultation.
Find us on the web at: http://www.DarrenSilver.com or http://www.canadainvestorvisas.com
Tel: Toll Free 1-800-971-7013 or 1-213-384-1900