Immigration loopholes: over 90% of Quebec investor-immigrants move out the province upon arrival
There are immigration programs in Canada that require applicants to reside in a certain province after arrival. However, there is no law that indicates how much time these newcomers should remain in that specific province, nor there is any penalty if one violated the residency requirement. According to the information from the federal government, 91% of Quebec investor immigrants moved somewhere else upon their arrival. Rich foreigners abuse the system giving Quebec a $1.2-million interest-free loan for five years in return for PR status and then settle down in Toronto or Vancouver. The Canada–Quebec Accord grants the French-speaking province wider independence in selecting immigrants. In the last six years, nine out if ten investor immigrants never fulfilled their stated promise to reside in Quebec. The federal investor immigrant program was cancelled in 2014.
#Quebec, #Canada, #investors, #business_immigration