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ARTICLE · 26 JANUARY 2015

Government Of Canada Announces Immigrant Investor Venture Capital Pilot Program

Blaney McMurtry LLP
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On December 16, 2014, Citizenship and Immigration Minister Chris Alexander announced that Canada will unveil its Immigrant Investor Venture Capital Pilot Program at the end of January 2015.

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Introduction

On December 16, 2014, Citizenship and Immigration Minister Chris Alexander (the "Minister") announced that Canada will unveil its Immigrant Investor Venture Capital Pilot Program (the "IIVC") at the end of January 2015. The IIVC is designed to attract experienced business immigrants who will actively invest in the Canadian economy and will be available to approximately 50 investors and their families (presumably each year). Although full details of the IIVC have not been announced yet, what is known so far is summarized below.

Eligibility

The eligibility criteria under the IIVC are designed to attract investors with skills and abilities that will help them integrate into the Canadian economy and society. These criteria will include the following:

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