The following was presented by Colin R. Singer as a key
note speaker at the Conference Board Canada, Immigration Summit,
Ottawa, April 5, 2016.
The federal government is losing out on the world's
wealthiest investors despite Canada being an enviable destination
for ultra high net worth business people. It lost
its way when the previous federal government terminated the federal
immigrant investor program and replaced it with a program that has
failed to attract any significant interest. Canada must now reclaim
its role as a dominant operator in the residence through-investment
industry as it has the policy basis and the market demand to do
so.
A leading study gives conclusive evidence that immigrants are
far more likely to own businesses than their Canadian counterparts,
a key component for economic growth. Released in March 2016 and
entitled Immigration, Business Ownership and
Employment in Canada, the study concludes that 'rates of
private business ownership and
