On December 1, 2010, the Canadian government announced the resumption of investment immigration applications. On the same day, the new Canadian investment immigration law, which has attracted significant attention from Chinese immigrants, also came into effect. Under the new law, the applicant's net worth and investment amount requirements have been increased to: a net worth of 1.6 million Canadian dollars; and an investment of 800,000 Canadian dollars for five years, or a one-time non-refundable payment of 220,000 Canadian dollars.
Through an interpretation of the new law, Worldway immigration experts have noted that although the new law raises the investment threshold, Canadian immigration officials have announced that they will accelerate processing times. Following the implementation of the new policy, Immigration, Refugees and Citizenship Canada will prioritize applications under the "new policy." At the same time, the federal investment immigration program may also simplify the application process.
The Canadian government stipulates that when the immigration office reviews cases under these old and new policies, it must process one new policy application for every two old policy applications, following a 2:1 ratio. According to figures released by Canadian officials, the immigration office has a backlog of over 20,000 old cases, while the government can only process approximately 1,000 cases per year.
In stark contrast, the new immigration law was only implemented this December and has just begun accepting new cases at the increased rates; therefore, the current backlog of new cases at the immigration office is zero.
Obtaining a green card for the whole family easily, conveniently, and quickly. This positive news is the best possible outcome for qualified individuals looking to immigrate.
