QUEBEC HALTS INVESTOR PROGRAM UNTIL JULY 2020

The Quebec Immigrant Investor Program, which allows investors to obtain Canadian permanent residence with a $1.2 million investment, has been suspended until July 1, 2020.  

The suspension takes effect Friday, November 1, 2019. One of the reasons is that 20,000 applications for Permanent Residence are yet to be processed.

Critics say it allows wealthy individuals to effectively purchase Canadian permanent residence and citizenship while supporters say it helps fund essential programs in Quebec.

New quotas for Entrepreneur, Self-Employed Worker programs announced

Quebec also announced new quotas for its Entrepreneur and Self-Employed Worker programs for those who do not have a high level of French. There is no quota for those who can demonstrate an advanced intermediate level of oral French expression and comprehension.

The province will accept 25 applications under Stream One of its Entrepreneur Program, and 35 from Stream Two between November 1, 2019, and September 30, 2020.

Quebec’s Self-employed Worker Program will also accept50 applications between November 1, 2019, and September 30, 2020. 

This stream is for self-employed workers with a net worth of $100,000 who want to work in Quebec. Among other criteria, applicants need a start-up deposit of $50,000 if they are going to be based in Montreal, and $25,000 to be based in other parts of Quebec.