[Inactive at present] This program targets any ‘passive’ investment options.
Any individual willing to apply to this program must demonstrate the following:
- They have a legal and sufficient net worth of CDN $1.6 million ($1,600,000)
- The applicant has sufficient business experience
- Make required investment in an approved fund for 5 years – CDN $800,000
This investment is made with an approved financial investment and is guaranteed by the Canadian government. This investment would be returned to the applicant without interest.
Applicants that qualify for the program based on Net Worth and other criteria, there is a possibility of financing the investment amount with the financial institution for a one-time non-refundable payment. The financing fee changes from time to time and ranges from CDN $200,000 and $210,000.
Currently the Federal Government has frozen any applicants into this program and they have announced that the program will be revised. There is a lot of indication that the current investment amount will be raised and that the investor will no longer remain passive, but rather become active.