July 1st, the new Canadian federal immigration policy was promulgated and implemented. The Beijing News interviewed Worldway Group President Dr. Winner Xing regarding this policy and hot topics in investment immigration. The original text is as follows:
May Lead Applicants to Turn to Quebec or U.S. Investment Immigration
Winner Xing, President of Worldway Investment Immigration Group
The global quota of 700 applications for the federal investment immigration program is simply too small, and the simplified procedures will inevitably lead to a large number of submissions in a short period of time, which is expected to reach the cap very quickly. The introduction of the new policy will cause some applicants to shift their immigration goals to the Quebec Immigrant Investor Program and U.S. investment immigration.
Although news from the Quebec Immigration Bureau indicates that they will increase staff starting next year to process Quebec investment immigration applications and handle the large backlog as soon as possible, Quebec may even follow the federal government's lead in limiting application quotas. Meanwhile, U.S. investment immigration will become even more "popular." After Canada raised its investment threshold last year, the "price advantage" of Canadian programs has disappeared, and this tightening of federal quotas will prompt more clients to consider applying for the relatively more stable U.S. programs.
