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Monday, 24 September 2012

Stakeholder and Public Consultations on Improving the Immigrant Investor Program


Citizenship and Immigration Canada (CIC) is conducting a consultation on the Immigrant Investment Program (IIP).

The Economic Action Plan 2012 announced that business immigration programs will be reformed to target more active investment for Canadian growth companies.
Additionally, in April 2012, the Honourable Jason Kenney, Minister of Citizenship, Immigration and Multiculturalism, announced that Citizenship and Immigration (CIC) is considering whether it should use its authority under the amended Immigration and Refugee Protection Act (IRPA) to create small short-term programs that can have a greater impact on Canada’s economy.
CIC is now inviting online submissions from stakeholders and the public on how the Department can:
  • Increase the economic benefit that immigrant investment capital brings to Canada;
  • Attract experienced, international investors with the skills and resources needed to ensure they integrate into Canada’s economy; and
  • Develop efficient and cost-effective ways of delivering an investment program.
CIC is also consulting with provinces and territories on changes to federal immigrant investor programming.
A highlight summary of the results will be published on the CIC website in winter 2013.

Online consultation

CIC welcomes your input on how a Canadian investor program can best support Canadian economic priorities.
You are invited to provide feedback by submitting a policy paper/recommendations for the Government’s consideration.
The online consultations are open for input until September 4, 2012.
CIC will publish the responses received through this consultation process, when consent has been provided and in the language of the submission. If you make a submission, please clearly indicate your agreement to:
  • Post your submission on the CIC website, and
  • Include your name and/or the name of the organization which you represent with your submission.
CIC will not post submissions that do not clearly provide consent to do so. Responses will be posted in the language of submission only.

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