Canada Profile | Legal Background | Program Details | Program Advantages

 


Canada Profile:

Canada_SymbolSovereignty: Canada is a Federal Parliamentary Democracy and a constitutional monarch, with Queen Elizabeth II as its head of state.

Location: Canada is located in the northern part of the continent; it extends from the Atlantic to the Pacific and northward into the Arctic Ocean.

Government Type: Canada has a Federal Parliamentary system within the context of a constitutional monarchy.

Interesting Facts: Half of the country is covered with forests, a home to the polar and the grizzly bears. It also has the longest coastline in the world. The country shares the world’s longest common border with the United States of America, which is also the only unprotected border in the world.

Population: A population of 35,158,300 and a land area of 9,984,670 km2.

Demographics: Ethnic groups British Isles origin 28%, French origin 23%, other European 15%, Amerindian 2%, other, mostly Asian, African, Arab 6%, mixed background 26%. Religion Roman Catholic, Protestant, other Christian, Muslim.

Economy: Canada, one of the wealthiest nations in the world, has the 10th largest economy in the world, is a member of Group of Eight (G8), and the Organization for Economic Co-operation and Development (OECD). It is the second largest country in the world (in terms of land area), and as of 2011, its population is 34.89 million, with a workforce of 18.59 million.

Canada’s diverse economic industries contribute to the country’s economic freedom. The economic industries are comprised of several areas, including the service sector, manufacturing, energy, and agriculture. Canada’s key industry, the service sector, is responsible for 78% of the country’s GDP. This rapidly growing portion of the economy includes, but is not limited to the real estate, financial services, and communications industries. The service industry is most prominent in the metropolitan cities of Montréal, Toronto, and Vancouver.

Flag_CanadaCanada’s economy continues to grow and thrive due to its diversification and high level of development. Currently, foreign trade is the base of Canada’s economy, and is responsible for approximately 45 percent of Canada’s Gross Domestic Product (GDP). In 2011, the country’s GDP was $1.736 trillion US dollars. GDP growth is forecasted at 2.1 percent in 2012, and 2.3 percent in 2013. In quarter one of 2012, Canada increased its GDP .50 percent over quarter four of 2011. From a historical perspective, Canada’s GDP has averaged an increase rate of 0.83 percent from 1961 through 2012. Two years ago, in 2010, Canada’s GDP growth was at an impressive 3.071 percent, which is the highest it has been in eight years. Canada’s GDP growth and economic survival throughout the past 10 years proves that Canada’s economy is strong and highly productive. Since the 2008 financial crisis, the country has proven to have one of the most stable and successful economic systems, and continues to thrive.

Forbes magazine rated Canada as the best country to grow a business and create jobs. Since 2007, salaries in Canada have risen by approximately 10 to 15 percent. This, with conjunction of the strengthening of the Canadian Dollar, has allowed average salary increases in Canada to far surpass increases in the USA, UK, and the majority of Europe. From January 2007 until December 2011, the Canadian dollar experienced major growth – and rose 15 percent in comparison to the US dollar, 11 percent to the Euro, and 40 percent to the British pound. Furthermore, the economy’s strength and growth has added 238,000 jobs to Canada. Employment is expected to grow 1.3 percent in 2012, and 2.0 percent in 2013. Canada’s unemployment rate is expected to decrease from 7.4 percent in 2011 to 7.3 percent in 2012 to 7.1 decrease in 2013. Today, the Canadian dollar comprises 5.3% of the world’s daily share, and its currency ranks the seventh most traded in the world.

Canada’s economic freedom can be contributed to several factors. The country’s judicial system is extremely transparent and independent, allowing for sound and strategic decisions. There are many laws in place that protect intellectual property, and a court system that effectively protects the peoples’ property rights and equitable application of the commercial code. The Canadian government has many anti-corruptions measures in place, allowing for a fair and stable government. Canada’s growth, social freedom beliefs, and human rights advocacy all contribute to its economic freedom and continuing growth.

Significant Changes in Canada Residency-By-Investment Program

  • The Federal Immigrant Investor Program is now closed for reform as the annual cap of 700 applications was reached by Citizenship and Immigration Canada (CIC).
  • Quebec Provincial Immigrant Investor Program is temporarily closed as the annual quota for 2700 applications was reached within 20 days.
  • Canada (Federal and/or Quebec Investment Program) – Loan Option. To participate in the program investor is still expected to have legally obtained assets in the amount of 1,600,000 CAD. The program is temporarily closed.

In spite of the recent changes in Canada Residency-By-Investment Program , this program still remains one of the prominent and well-established investor programs. Any program is subject to reform and change for the program to meet its goals and meet the expectations of the broad spectrum of its clients.

 


Legal Background:

The conditions of acquisition of Canadian citizenship are set out in the Citizenship Act of 1997 which was duly amended in 2009.


Program Details:

  • Canada offers one of the most attractive investment programs in the world leading to permanent residency visa. The new Quebec Investor Program has been introduced on December 1st 2010 whereby candidates can now qualify if they met the following conditions:
  • Have at least two years of managerial experience.
  • Have a net worth of at least $1,600,000 CAN acquired through legal means.
  • Make an investment of $800,000 CAN into the Canadian economy. This investment would be managed by Citizenship and Immigration Canada (CIC) and would be fully refunded after 5 years without interest. Loan financing options are available.
  • The successful candidate receives a non-conditional Canadian permanent residency visa.
  • The candidate is eligible to apply for full Canadian citizenship in Canada after 3 years of landing with residency requirementmet.
  • The application includes spouse and children below 22 or above if full time students.
  • The investor receives full refund of his or her investment after 5 years.
  • Financing options are available for candidates who want to invest the 400,000 CAN without holding the full amount for five years.
  • Canada has one of the most respected passports around the world with visa free travel to many countries around the world including the US, the Schengen states and the UK.
  • Canada offers one of the highest living standards in the world in terms of freedom, public education, universal health care system, security & tolerance.
  • Once a person becomes a Canadian citizen, he or she can renounce their residency for income tax purposes thus becoming a non resident Canadian. This implies being a Canadian without the need to file income tax declaration.


Program Advantages:

  • Canada allows dual citizenship
  • You can obtain permanent resident status upon arrival in Canada
  • You are permitted to live, work, study, and do business in Canada
  • You are allowed to enter and leave Canada freely
  • You may apply for Canadian citizenship three (3) years after arrival in Canada
  • There are no language or age restrictions
  • You have an option to borrow the required investment capital.