Federal Immigrant Investor
"Investor" means a foreign national who:
a. Has business experience;
b. Has a legally obtained net worth of at least CDN $1.6 Million; and
c. Indicates in writing to an officer that they intend to make or have made an investment.
"Business experience", in respect of an investor, means
i. The management of a qualifying business and the control of a percentage of equity of the qualifying
business for at least two years in the period beginning five years before the date of application for
a permanent resident visa and ending on the day a determination is made in respect of the application.
ii. The management of at least five full-time job equivalents per year in a business for at least two years in
the period beginning five years before the date of application for a permanent resident visa and ending on the
day a determination is made in respect of the application.
"Full-time job equivalent" means 1,950 hours of paid employment.
"Net Assets", in respect of a qualifying business or a qualifying Canadian business, means the assets
of the business, minus the liabilities of the business, plus shareholder loans made to the business by a
foreign national and their spouse or common-law partner.
"Net Income", in respect of a qualifying business or a qualifying Canadian business means the after tax
profit or loss of the business plus remuneration by the business to a foreign national and their spouse or common-law
partner.
"Net Worth", in respect of an investor, means the fair market value of all of the assets of the investor and
their spouse or common-law partner minus the fair market value of all of their liabilities.
"Percentage of equity" means
a. In respect of a sole proprietorship, 100 percent of the equity of the sole proprietorship controlled by a
foreign national or their spouse or common-law partner;
b. In respect of a corporation, the percentage of the issued and outstanding voting shares of the capital stock of
the corporation controlled by a foreign national or their spouse or common-law partner; and
c. In respect of a partnership or joint venture, the percentage of the profit or loss of the partnership or joint venture to which the foreign national or their spouse or common-law partner is entitled.
"Qualifying business" means a business - other than a business operated primarily for the purpose
of deriving investment income such as interest, dividends or capital gains - for which, in each of any two years
in the period beginning five years before the date of application for a permanent resident visa and ending on the
date a determination is made in respect of the application, there is documentary evidence of any two of the
following:
a. That the percentage of equity multiplied by the number of full time job equivalents is equal to or greater than
two full-time job equivalents per year;
b. That the percentage of equity multiplied by the total annual sales is equal to or greater than CDN $500,000;
c. That the percentage of equity multiplied by the net income in the year is equal to or greater than CDN $50,000;
d. That the percentage of equity multiplied by the net assets at the end of the year is equal to or greater than
CDN $125,000.
