60 millionaire immigrant investors to be offered permanent residency

whitedog

whitedog

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Mar 13, 2006
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Ok I have nothing against the policy - not that I've given it much thought, but,

""This pilot program is designed to attract immigrant investors who will significantly benefit the Canadian economy and better integrate into our society, which will contribute to our long-term prosperity and economic growth,..." Immigration Minister Chris Alexander said in a written statement."

I'm sure the our government consulted Stats Can before making that statement. It leaves one to wonder, are the rest of us millionaires, and that why other immigrant millionaires will fit it so well. Once again, they can't just say the truth, always a little sugar to make it more palatable. Its kind of like processed food, only processed speak, neither is good for you.
 
B00Mer

B00Mer

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Nice to see Canada is bringing successful business people who can create more jobs for Canadians.

60 millionaire immigrant investors to be offered permanent residency - Politics - CBC News

 
Sons of Liberty

Sons of Liberty

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This is how Canada boosts its economy? Giving away residency based on the size of the applicants' bank accounts? Don't they have to invest and hire employees as a requirement? It must be.
 
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B00Mer

B00Mer

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MHz

MHz

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B00Mer said:
They are Asians from Hong Kong.. they live in Hongcouver.. have you seen their homes??

Enjoy the dream

Luxury West Vancouver Real Estate and Homes - Vancouver's Listings and Waterfront by Jason Soprovich
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It doesn't specify that at all.


The new Immigrant Investor Venture Capital program will open on Jan. 28 to Feb. 11 or until a maximum of 500 applications are received, the government quietly announced before MPs returned to Ottawa this week.
"This pilot program is designed to attract immigrant investors who will significantly benefit the Canadian economy and better integrate into our society, which will contribute to our long-term prosperity and economic growth," Immigration Minister Chris Alexander said in a written statement.
While the government will accept up to 500 applications, it will only give permanent resident visas to a maximum of 60 applicants — at least for now.
"The original 60 is to be able to evaluate if the new pilot program is achieving its goals and to ensure that it is also working in the best interest of Canada’s economy," a senior government source told CBC News on Tuesday.
"It could be expanded after the review of this first step."
Each investor will be required to have a minimum net worth of $10 million and make a non-guaranteed investment of $2 million over approximately 15 years into a fund managed principally by BDC Capital, the investment arm of the Business Development Bank of Canada.
Immigrant investors who can show they have a "legally obtained" net worth of at least $50 million can request to be exempted from one of the four requirements under the pilot program.
The details of the program, along with the selection criteria to apply, appear in the latest ministerial instructions published in a government publication over the weekend.
 
B00Mer

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MHz said:
It doesn't specify that at all.
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No is does not specify, but if you ever lived in Vancouver or know anything about the "Investor Visa" program in Canada or other countries around the world, you would have an idea of what's going on here.

When Hong Kong was returned to China there was a huge amount of immigrants to who moved to Canada and brought their investments.. one of the reasons why Canada's economy was so good.

I would say 90% of those investors are from Hong Kong, UK and India.

All I can say, they improved the program, used to be invest $250,000 in a depressed economy in Canada or $500,000 and you get to immigrate to Canada.
 
whitedog

whitedog

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Mar 13, 2006
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Walter said:
Good policy.
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Well gee Walter, I didn't know the policy was open debate. The point is that your beloved Reform Party doesn't have the balls to just speak the simple truth. They are simply letting in people to Canada that have money. AGAIN, ok, but why then throw in the bullshat line about "better integrating into society".

Of course some people will view this as another perk for the rich, and oh gee we don't want to have them upset, so will soften the lingo a bit. If its the proper thing to do, do it. That's what leaders do. Too bad we will have to wait through a few elections before we get one.
 
eh1eh

eh1eh

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whitedog said:
Well gee Walter, I didn't know the policy was open debate. The point is that your beloved Reform Party doesn't have the balls to just speak the simple truth. They are simply letting in people to Canada that have money. AGAIN, ok, but why then throw in the bullshat line about "better integrating into society".

Of course some people will view this as another perk for the rich, and oh gee we don't want to have them upset, so will soften the lingo a bit. If its the proper thing to do, do it. That's what leaders do. Too bad we will have to wait through a few elections before we get one.
Click to expand...

What PR company do you work for?
Mealy mouth clap trap is what you be.
 
Kreskin

Kreskin

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Feb 23, 2006
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whitedog said:
Ok I have nothing against the policy - not that I've given it much thought, but,

""This pilot program is designed to attract immigrant investors who will significantly benefit the Canadian economy and better integrate into our society, which will contribute to our long-term prosperity and economic growth,..." Immigration Minister Chris Alexander said in a written statement."

I'm sure the our government consulted Stats Can before making that statement. It leaves one to wonder, are the rest of us millionaires, and that why other immigrant millionaires will fit it so well. Once again, they can't just say the truth, always a little sugar to make it more palatable. Its kind of like processed food, only processed speak, neither is good for you.
Click to expand...
It does say it's a pilot program. If it works, great. If not, try something else.
 
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