Canadian Immigrant Investor Visa – Hike in Investment requirements

Canadian immigration feels that that the investment requirements are too low. The investment requirements have not changed for more than ten years. The current system attracts more applicants than are required each year under the immigration plan. This has resulted in an increase in processing times. Canadian immigration intends to significantly increase the investment requirements for the immigrant investor program:
* A personal net worth of $1.6M instead of $800,000
* An investment requirement of $800,000 instead of $400,000
Immigration Minister Kenney said: “Canada needs investor immigrants.These changes are necessary to keep Canada’s program competitive with that of other countries, and keep pace with the changing economy.”