Economic Benefits Of The Quebec Immigrant Investor Program (QIIP)

The Quebec immigrant investor program (QIIP) is the only passive business investment program offering permanent immigration to Canada. It was created by the provincial government in 1986 for high net worth individuals with a strong management background. The Quebec Immigrant Investor Program (QIIP) allows business people and their families, who invest $800,000, to enter the province of Quebec as Canadian permanent residents. In return, funding made available through the Quebec Government, (Investissement Quebec), helps provide subsidies to support small and medium sized businesses throughout the Province of Quebec.

The economic benefits of a passive immigrant investor program have been criticized by many stakeholders, including the Federal government. The federal government previously operated its own parallel program known as the Federal Immigrant Investor Program before it was repealed in 2014. It dismissed previous studies outlining the direct and indirect