Quebec Immigrant Investor Program

The Quebec Immigrant Investor Program has been suspended again – Canada Immigration updates.

The Quebec Immigrant Investor Program (QIIP) made headlines in the Canadian immigration world when they stalled the program last year. This is a popular program that welcomes people from all over the world based on investments.

The Ministry of Immigration, Francization, and Integration (MIFI) announced that the program which was closed for application until July 1, 2020, will now remain closed till April 1, 2021.

What is the Quebec Immigrant Investor Program all about?

The Quebec Immigrant Investor Program (QIIP) is a program by the Quebec Government which allows immigration to individuals with more than $2 Million in net worth. You can quickly get permanent residency status in the country using the program.

In order to be eligible for the program, you need to invest at least $1.2 Million with the help of a financial intermediary. The Government approves these intermediaries, and all the programs are set with specific set guidelines.

Some of the reasons and the thought process behind the decisions

This type of program is not unique, and we have witnessed many such programs in the past. Various Governments have a similar kind of program in the world.

A similar program in Canada called the Federal Immigrant Investor Program (FIIP) was started and canceled a few years ago because of numerous issues with the program. 

Some of the issues as stated by the critics of the program are –

  • The program indicates a ‘buy citizenship’ outlook. It conveys a message that anyone can purchase Canadian citizenship, something the Government does not want.
  • The motive of the Government is to invite people to live and stay in the Quebec region. Most of the investors use the program as an entry route to Canada, and after receiving their citizenship, they tend to change their base to Ontario or British Columbia. This is a significant cause of worry, and the Government is finding the solutions to the problem.
  • There has been a history of misuse of the program. The risk of misusing the program by individuals always remains.

A number of supporters of the program pointed out that the program has the potential to contribute considerable amounts to the economy. There is a massive upside as the investors pour in a lot of money in the Quebec region, which results in the overall economic growth of the region.

Letter to the Federal Government by the IIAC

The Investment Industry Association of Canada wrote a letter to the Federal Government in early May requesting to reinstate the investor program for immigration to Canada. They have a valid argument, and that is about the situation of the economy due to the Coronavirus pandemic.

The coronavirus pandemic has a massive impact on the Canadian economy and a boost to the economy with the investor program can help everyone. This group of people represents the recognized intermediaries with the Canadian Government.

Understanding how the program works

The program has a pretty straightforward structure. The Government takes an interest-free loan from the investors and offers them permanent residency status in return. This money is then invested in interest generating financial instruments like bonds. The money is withheld with the Government for a period of 5 years, after which it is returned to the investor.

A small portion of this investment is also used to provide loans to small businesses in the Quebec region, which is one of the most significant beneficial factors of the program.

The recent change in the lending rates by the Bank of Canada

Another significant factor to consider about the program is the current situation of the economy. The sudden drop in the economy has resulted in the Bank of Canada dropping the interest rates. The coronavirus prevention measures were taken by the Government in March, and these included the change in the interest rates.

Another question before the Government before they give out a decision for the program is whether the economy will be significantly impacted by the program considering the low-interest rates. Low-interest rates are a reason for not enough takers of the loan because of the situation, so it must be taken into consideration whether more money in the system will actually help.

Understanding other programs and methods for Canadian Immigration

It is imperative to understand that the investor program is part of the business immigration program. There are numerous opportunities and programs to immigrate to Canada, and business immigration is one of them. Even if the program is not reinstated in April 2021, it does not mean that you cannot immigrate as a business owner or entrepreneur.

Investor Vs. Entrepreneur Immigration programs

Both the investor and Entrepreneur immigration programs are part of the business immigration program.

In the entrepreneur immigration program, the investors are required to continually run business in the Quebec region and maintain them for years to get citizenship. This program comes with numerous clauses and rules that define the program, and you can still apply for the program.

The Quebec Immigrant Investor Program is entirely different and requires the investor to give an interest-free loan to the Government. No business investment is included in this program, but you cannot apply for the program until April 21, 2021, around when the Government will give further guidelines about it.

There are numerous other programs set up by provinces in Canada and the Federal Government. All these programs invite entrepreneurs from different backgrounds and countries to set up businesses in Canada.

There are hundreds of aspects to business immigration programs, and we have successfully processed numerous applications for business immigration. The experts at our team understand your requirements and help you select the best programs and provinces to immigrate with this program. Stay tuned with us for more such informative news and updates from the Canadian Government. We continuously deal with hundreds of Immigration cases and remain up-to-date with the changes happening in the Immigration Industry. Also, feel free to reach us to get a free insightful outlook for your application. Our core team of experts has years of experience in applying and obtaining visas for thousands of customers.

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quebec immigration news

Quebec Immigration News – reforms on the way in the PEQ program along with the announcement of two new pilot programs

Quebec Immigration News and very big announcements from the Quebec Government are making headlines for the changes that have been made. The changes come after the unsuccessful attempt to make more noticeable changes in 2019, which met with a lot of public outrage.

The changes are in regard to the Quebec Exchange Program, also known as the PEQ program in french. The PEQ program was in 2010 to help foreign workers and students living in Quebec. The program would benefit all people falling into those categories by fast-tracking their way of getting permanent residency status in the country.

The changes that were announced in 2019 could have stopped many of the students and workers to get permanent residency in Canada. But the changes were taken back because of the public outrage as every one of the affected came on the streets to protest the changes.

All the proposed changes in this announcement are aimed at modernizing and revolutionizing the immigration system in the province as per the statements of the officials. With all the changes coming into force in the upcoming few weeks, we will be discussing all the aspects of the changes in this post.

Quebec Immigration NewsThe main objectives as outlined by the Government are –

  • Increasing the strength of the integrity of the program.
  • Increased focus on the French language requirements to facilitate the integration of the new members economically and culturally.
  • Increased efficiency of the selection process in order to meet the requirements of the labor market situation.
  • Improvised integration with the labor market

Increase in the amount of work experience required for workers and students

The changes include increasing the amount of work experience required for the workers and students. Unlike the older times, the temporary foreign workers or the TFWs will be necessary to have a minimum of 36 months of work experience in the 48 months preceding the time of their application.

The Government has also announced transitional measures for the current work permit holders to ease their process as the changes come into place.

Changes have also been notified for students. In the case of students, a minimum of 12 or 24 months of work experience is necessary; This has been defined for students in particular categories which are –

  • Under the new changes, students who have a university degree from Quebec will need at least 12 months of work experience. This work experience must fall under the National Occupational Classification (NOC) codes 0, A, and B.
  • Students who have a diploma in professional studies from Quebec will be required to complete 24 months of work experience in NOC 0, A, B, and C level jobs.
  • Students working in C level jobs will only be eligible to apply under the PEQ program if their job is related to their field of study.

The requirement of french language proficiency for spouses

Under the new changes, the spouse of the main applicant of the PEQ program must be having a speaking proficiency in French. This is one of the significant changes in the program as announced by the Government.

This change is made specifically to make sure that the new members of the province can get along with the culture. This requirement will become mandatory after one year of the changes coming into force.

Improving the integrity of the system

This particular change comes after many instances of wrongdoings related to french proficiency proofs.

The certificates of completion of the advanced level of Intermediate french from any of the educational institutes in Quebec Immigration News will no longer be accepted. In the past, there have been multiple instances in which irregularities were uncovered with these certificates.

Although this change does not affect the current applicants, all the applicants who have applied before this change comes into force can submit and get these certificates considered.

Processing times

Another significant change comes in the processing time of the PEQ applications. Earlier, the applications had a standard time of 20 days to get processed.

With the new change in effect, the processing time will be a maximum of 6 months. This particular change comes in light of the fact that the Government wishes to give equal importance to the PEQ and Quebec Skilled Worker Program (QSWP) applicants.

The introduction of two new pilot programs

Quebec Immigration News – The Government also announced the launching of two new pilot programs. The reason for these programs is the rising need for specific skilled labor in the province. We have seen similar moves by other provinces in the light of healthcare workers.

The first pilot program is aimed at nurse’s aides. Owing to COVID-19 and generally, also, there is a shortage of nurse’s aides in the province. According to Government data, only 115 nurse’s aides have been recipients of the permanent residency schemes since 2013. Changing this trend, the Government aims at using this pilot program to bring in 550 aides per year in the province.

The other pilot program is aimed at the advanced technology sector. Recent changes and developments in technology have given birth to a rise in artificial Intelligence and INformation technology in the province. This is similar to the trend all over the world. In this pilot program, the Government will be granted permanent residency status to 550 such highly skilled workers. Technology workers from all over the world can apply and utilize their skill sets to build a career in Quebec using this pilot program.

These were all the major changes announced by the Government. We will be witnessing these changes coming into force in the coming weeks. This will directly affect the plans set forth by a lot of individuals in various sectors. The best part about the announcements were the pilot programs. We get to see a trend and a beginning with these pilot programs. Programs like these can be a useful tool to get professionals from specific backgrounds into Quebec and other provinces.

Stay tuned with the blog to get more such interesting news and updates from the changing immigration laws in Canada. We have been helping realize the dreams of thousands of students and individuals to immigrate and settle in Canada.

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Canada immigration minister Shares Coronavirus Updates

Canada Immigration Minister Shares Coronavirus Updates

Canada immigration latest news on COVID-19 pandemic has no doubt halted the movement of the entire world, not only in terms of travel but also in the growth of the economies of each country. The number of fatalities is increasing day by day. People are losing their jobs and companies are bearing great losses in their market shares. The ratio of working individuals to retiring individuals is deteriorating continuously. This ratio poses a great deal of concern over the economic stability of each country.

Looking at the records of larger economies, immigration is a crucial contributor to the health of economies in various countries. Many countries even rely majorly on immigration to boost up their
economy. The permanent residents, foreign workers, individuals holding a temporary visa, and international students play a vital role in the development of their labor force, population management, and growth of the economy in such countries.

Taking the example of Canada, International Students alone are responsible for an annual addition of
about Twenty billion dollars to Canada’s economy. Also, countries like Australia and Canada have a
higher number of their population in the senior citizen category and meager birth rates. The average age
of the population in Australia is 38, whereas; it is 41 in Canada, with the birth rates being 1.7 and 1.5,
respectively.

Good News for Aspiring Canada Immigrants
The coronavirus pandemic has created a fear among the youths concerning the availability of jobs and
opportunities for immigration. Amidst this challenging time, Canada’s immigration minister, Marco
Mendicino’s response to the effects of coronavirus pandemic to the immigration system of Canada has
lit up a ray of hope in the hearts of anyone concerned about changes occurring in the migration policies
of Canada post Coronavirus pandemic. Let us have a look at Canada immigration latest news for further information on this report. Canada Govt. Aid for Canadians

During a question and answer session, Canada’s Immigration Minister has discussed the effects of
Coronavirus pandemic on the immigration system of Canada, post the pandemic. According to Canada
immigration news, in a one-hour consultation with the Section of the law administering Immigration in
the Canadian Bar Association, Marco Mendico focused light on several topics including International
students, workers from foreign countries, and levels of immigration.

Canada to remain open for immigration, post COVID-19 pandemic
In the discussion, the immigration minister said that immigration will benefit the recovery of the
economy of Canada and will lead to their success. He also said that immigration had been a means of
boosting the country’s economy by being the guiding star for their policies, and thus, they will keep on relying on it. Mendicino assured that Corona Virus would have no effect on Canada’s indelible
demographic trends. He also mentioned this as not being the only time that Canada has encountered such economic and pandemic issues. Despite such problems, Canada has a history of moving forward, thanks to the welcoming immigrants. He said that what the future holds for the intake levels of Canada in the light of its yearly plans on immigration levels are likely to be announced this fall after the federal
government has consulted with the stakeholders.

Canada has a history of increasing its level of immigration steadily since the end of the 1980s and more
aggressively during recent years to reinforce its economy. Recently, during the pre-coronavirus
pandemic, Canada had announced to achieve the target of the advent of permanent residents equal in
number to about 0.9 percent of its total population. This figure is supposed to only grow forth in the
following years.

Invitation for Immigration during the Corona Virus Pandemic
No doubt, the COVID-19 pandemic has affected the immigration system of every country. Nonetheless,
Canada isn’t ready to give up yet. It is trying its best to improve the Canada immigration process in
COVID-19 and continuing to work towards achieving its target of plans made of the immigration levels
related to the economic class. Under the Express Entry of the federal application management system, it
has invited more applications for access to permanent residence compared to the months before. In
addition, it is providing endless residence opportunities for aspiring immigrant candidates in various
provinces of Canada.

In the issue of May 1 of Express Entry draw for Canada immigration, a total of 3,311 candidates would
be provided an ITA (Invitation to Apply). This express entry draw was exclusively restricted to those
candidates belonging to CEC (Canadian Express Class). This draw had a cumulative 452 points for the CRS (Comprehensive Ranking System) score cut-off. Furthermore, currently, these draws are being reserved only for the candidates belonging to CEC and PNP due to coronavirus pandemic and the duration of the restriction is still uncertain.

The role of IRCC
The IRCC (Immigration, Refugees, and Citizenship Canada) has its staff members dedicated to working
on enhancing the ability of the department to process the required applications. Remote operations
have also set up so that the staff has access to necessary tools that are needed to ease the process. The
IRCC has also seen many innovations and improvements in processing during this period.

According to the reports of Canada immigration latest news, the immigration minister has also
delivered that supporting the efforts of the federal government; the IRCC is eyeing the employers from
the sector of agriculture and seafood to nourish the food supply of Canada. In addition, he has also
mentioned that the concerned departments are continuously looking for ways to improve the flexibility
of the work permits and trying to withdraw any obstacles existing abroad.

Flexible policies for International Students

Canada’s immigration also pointed out that with the valuable feedbacks of various stakeholders, the
government is now able to reorganize the policies concerning international students amidst the
pandemic to facilitate their Canada immigration process in COVID-19. The Post-Graduation Work
Permit improvement by the IRCC has now enabled the International students taking online courses
carry on to be eligible for this work permit.

IRCC’s regular discussion with the post-secondary stakeholders regarding the help it can provide to the
international students who would be enrolling themselves in prestigious learning institutes during the
month of September. This period is crucial in the sense that it is this time in which the maximum
number of international students start for their learning programs.

With the hint that there is more to the immigration policy, which ought to be revealed in the coming
days, the Immigration minister ended the report.

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