What are all the payments expected of an applicant?
The Canadian Federal Authorities will require application fee of CDN $1,050 for the main applicant, CDN $550 for each dependent above the age of 22 and CDN $150 for each dependent below the age of 22. The full investment amount will be CDN $800,000. With financed option the investment amount will be CDN $190,000*. An applicant may also incur miscellaneous expenses related to their application such as translation of documents, travelling expenses to attend interviews as requested by the Immigration Authorities, as well as costs related to medical tests and police clearances.
* This amount may change marginally if prime lending rates in the national banking system rise or fall in response to changes in the Bank of Canada key interest rate.
What documents are required for an application?
Documents will vary for each applicant. We will assist clients to create a personalized list of documents for their specific application. Documents which maybe requested include: civil status documents, financial documents proving your current net worth as well as past financial or asset documents to prove your acquisition of current assets. Documents proving your management experience might also be required.
What happens to my investment if the Federal government doesn’t approve my application?
The investment is made in the final stages of the application process, at a time when the acceptance of the file is already known.
Does everyone have to attend an interview?
The Canadian Federal Immigration Authorities can request an applicant to attend an interview. They can also choose to waive interviewing an applicant, if they are satisfied with the file and supporting documents submitted. In most cases an interview will not be required but this is on a case-by-case basis and no guarantee can be made.
If I have children that are not included in the application, as they are no longer dependent on me, are they still required to undergo medical tests?
Yes, all immediate family members (spouse and all children – biological, adopted or step children) must undergo medical testing. Medical testing is required by the Federal Immigration Authorities, which also applies to applicants for a Provincial Nomination including Quebec.
Can I include my parents or siblings?
A dependent family member may be included if he/she is over the age of 22. However, it is very difficult to convince a case officer (either Provincial nomination application and/or Federal applications) that an adult above the age of 22 who is not your dependent child is reliant on you for their living costs, including living with you and you supporting them 100% financially. Documents requested as support are often very difficult to obtain. Another aspect to consider is in the case of an adult relative being included who has ailing health, which may cause difficulty within the file, as they may not be able to pass the medical testing.
If I apply as an investor, do I have to make an exploratory visit to Canada before applying?
No, unless you would like to. It is not a requirement to have previously visited Canada before applying.
Do I have to work when I reach Canada?
No, as an investor you are under no obligation to work or establish a business, unless you wish to. Many of our clients choose to establish businesses or open branches of existing companies and we can assist you with these processes.
Once I have permanent residence in Canada, can I live in the USA?
No, you still cannot permanently live and work in USA without an appropriate visa.
As a permanent resident, can I travel visa-free like a Canadian citizen?
Permanent residence allows you to come to, stay and leave Canada as you like. However, once you leave the country, your official travelling document is the passport of your country of origin. Visa-free entry into a country is based on the passport you travel with.