Quebec Immigrant Investor Program
The highly successful QIIP (Quebec Immigrant Investor Program) has allowed qualified high net worth families and individuals from around the world the opportunity to immigrate to Canada to the Province of Quebec. With the closure of Canada’s Federal Investor Immigrant Program (CFIIP), the QIIP and other provincial programs are the only current methods foreign investors can obtain an investor visa. The QIIP features the same investment requirements as the former CFIIP.
Canada is considered to be a country with a good reputation and one that is most admired around the world. Canada offers foreign nations the opportunity for a high quality of life with reasonable living expenses. Applicants, who are approved for the QIIP are granted unconditional permanent residence in Quebec and can relocate immediately to the province to start working, conducting business and living.
In addition, spouses and common law partners of the primary applicant, as well as their children are also allowed to immigrate to Canada under the QIIP. They can start working or attending school or university as a resident of Canada.
Please keep in mind the QIIP has specific dates where applications are accepted. Once the program reaches capacity, the program is closed for the year and does not reopen until the following year. There is a maximum number of applications allowed each intake period, so it is highly recommended to apply to the program as soon as possible.
Canada Invest Immigration is available to provide assistance in the application process, as well as inform you of the current intake periods and maximum number of allowed applications each period.
Eligibility for the Quebec Immigrant Investor Program
Net Worth Minimum Requirement
In order to be considered for the QIIP, you must be able to prove you have a minimum net worth of at least $2 million CAD and the assets were obtained legally. This qualification can be either as an individual or combined with your spouse or common law partner. Assets which may be used when calculating your net worth can include:
- Business Share Value / Equity In Your Business
- Real Estate
- Pension/Retirement Funds
- Bank Accounts
Other assets may also be allowed, such as donation money, which was received at least six months prior to submitting your application to the QIIP. Canada Investor Immigration can help determine the current net worth of your assets based upon current exchange rates.
Please note that the 6 months rule only apply to donations. Transferred inheritance can be used immediately.
Risk-Free Investment Requirement
Part of the application process for the QIIP is to sign an agreement which states your intention to invest a minimum of $1.2 million in Quebec through an authorized financial intermediary that participates in the QIIP. The risk-free investment is issued as a five year note and is unconditionally guaranteed by the Quebec Government.
The invest money will be returned to the investor at the end of the five year period with a 0% interest rate, which is in accordance with the requirements of the QIIP. You are not required to make the risk-free investment until after your application through the QIIP has been selected. This measure eliminates any risks of investing before you know your application was selected by Quebec as an investor.
Please note that after the intention to issue selection certificate need to make their investment. Then they have to under go the medical and security check before receiving their visas.
Optional Investment Financing
An alternative to investing $800,000 of your assets if you do not want to liquidate them is to obtain financing instead. The financing must be completed through an authorized financial intermediary. There is a one-time loan payment which must be made and includes all fees and interests. The amount of this one-time loan payment is approximately 350,000$ CAD on depends on the interest rate at the time of the investment.
However, you may contact Canada Investor Immigration directly to obtain the current financing rate. The Ottawa-based law firm we work with has existing relationships with reputable financial intermediaries who are willing to underwrite loans for the investment requirement of the QIIP. As such, Canada Investor Immigration and our law firm partner can help facilitate the financing of your assets at a very competitive rate, should you choose to have us assist with this process.
Please keep in mind, once approved for the QIIP, you have 110 days to make your investment in Quebec. If you are considering financing, it is highly recommended you obtain qualified assistance with financing through us to eliminate the stress of meeting the deadline on time.
Quebec Residency Requirement
The Quebec Immigrant Investor Program requires approved investor immigrants to relocate within the province. Quebec is a prosperous and vibrant province that is very diverse and welcoming. A popular city in Quebec is Montreal.
Quebec offer a tremendous quality of life with access to some of the best healthcare, hospitals, schools and universities in the country, as well as the arts, entertainment, shopping, dining, and decent public transportation systems.
Montreal is both an English and French speaking city, with the large diversity in populations and multiculturalism, you will encounter many languages and cultures to immerse yourself within.
Business Management Experience Requirement
Another requirement of the Quebec Immigrant Investor Program is the primary applicant must have at least two years of full time experience in business management. This experience must have been within the past five years of the application date. For purposes of the QIIP requirements, the business management experience should include some portion of the financial and human, material, and physical resources of the business which involved controlling, managing and planning functions.
Appropriate business management experience can include:
- Commercial Businesses
- Professional Businesses
- Agricultural/Farming Businesses
- Foreign Government Agencies
- International Originations
- Industrial Businesses
- Non-Government Originations
- Private Businesses
Please note for professional and private business management experience, the business should have had at least two full time employees, not counting the applicant, during the mandatory two year period. Furthermore, Quebec immigration officials will only consider experience which was legally obtained with the proper work authorization or legal residency status in the country where the business management experience was attained.
Other Requirement Factors
In addition to the aforementioned requirements, QIIP immigration adjudicators who review applications will consider other requirement factors, which could include:
- English/French Language Proficiency
- Ability to Adapt to Living in Quebec
- All Prior Work Experience
Canada Investor Immigration and our immigration lawyer partner can assist with preparing your QIIP application to ensure it effectively communicates each requirement and attribute necessary to potentially increase the likelihood of approval for a visa under the program.
Additionally, the applicant, their spouse or common law partner, and any dependant children will need to pass a medical examination through an authorized physician, as well as a security screening and criminal background screening.
If you are interested in learning more about investment immigration to Canada via the Quebec Program, please contact our team for a confidential consultation.
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Quebec Immigrant Investor Program vs. Canada Immigrant Investor Program
Many people confuse the QIIP with the former CIIP. While both the QIIP and CIIP have similar requirements and investment amounts, the CIIP is no longer an active program. The QIIP and other similar provincial programs in other provinces are the only way to obtain an investment visa to relocate to Canada and obtain permanent residence.
The CIIP was closed in February 2014, which resulted in immediate cancellation of 59,000 investor applicants who still had files pending. Most of these former applicants, were still interested in obtaining an investment visa. Fortunately, the opening of the QIIP and other investment programs in other provinces have allowed them to reapply and obtain their investor visas.
However, the QIIP is a very popular program and often reaches capacity every year. If you are interested in obtaining an investment visa for Canada permanent residency, you will want to contact Canada Investor Immigration and arrange a confidential consultation to find out when you should apply.
The Quebec Immigrant Investor Program Application Process
There are specific steps one must follow when applying to the QIIP. We provide a general overview of these steps in this section, which we encourage you to review.
Step 1: Contact Canada Investor Immigration to obtain access to our qualified immigrant law firm for assistance throughout the entire application process, which begins with obtaining all of the necessary support documentation required by the QIIP, including:
- Documents establishing your legal net worth.
- Documents that demonstrate two years of business management experience.
- Identity and civil status documents, such as passports, birth certificates, etc.
- Education background documents, such as university degrees, continuing education certificates, etc.
- Police and criminal offences records and related clearance certificates.
Step 2: Our partner law firm will help arrange the translation of any documentation that is not written in French or English. The documents must be translated by an authorized translator. Quebec immigration officials will only accept certified translations performed by the professional translator as they must be stamped and include verifiable credentials. If an authorized translator is not used, any translated documents will not be recognized or accepted.
Step 3: Our immigration lawyer will complete your QIIP application form and verify it is completed per current guidelines and requirements, as well as organize and attach all supporting documentation.
Step 4: You reviews your completed application, as well as your investor file prior to signing your QIIP application. You also sign a power of attorney to allow our partner law firm to communicate on your behalf with the Canadian and Quebec governments.
Step 5: Our lawyer will formally submit the signed application, along with all supporting documentation to the QIIP for processing. The required application fee is due when the application is submitted for processing. It must be paid in CAD via a Canada Post money order or a bank draft from a bank with a presence in Canada. You will be informed of the current application fee at the start of the application process to allow you time to secure the necessary funds.
Step 6: If the application is incomplete, they will be returned to the applicant. This is why it is important to obtain help from Canada Investor Immigration and our immigration law firm. If the file is incomplete at submission, it will be returned with the draft(Gov fees 15,496$). However, if the file is analyses and then refused, The gov fees are not returned.
Step 7: Properly prepared applications are added to the processing queue. An official QIIP Acknowledgement of Receipt is sent to the applicant.
Step 8: Quebec immigration officials review the application for accuracy and to ensure all requirements have been satisfied, including the business management experience and minimum required net worth.
Step 9: If you meet the selection criteria and conditions of the QIIP, you will be scheduled for a personal interview with aQuebec immigration official. You must submit updated documents and forms to the Quebec immigration official within ten business days of being scheduled for your interview. Your lawyer will work closely with you to verify all revised documentation is accurate and reflects your current financial situation. Your lawyer will personally prepare you for your interview with a detailed coaching sessions.
If necessary, you can request an authorized interpreter be present to assist with your interview preparation. Please keep in mind, in certain situations, the Quebec immigration authorities may wave the personal interview. If this occurs, then you will review an official interview wavier notice.
Step 10: After successfully completing the interview, the QIIP immigration interviewer will approve your application in principle. You will then be sent detailed wire transfer instructions.
Step 11: Within 110 days of being approved, you must send your investment funds of at least $1.2 million. If you are financing your investment funds, it is at this time you will pay your one-time upfront payment before your funds will be released for transfer.
Step 12: Quebec immigration officials will issue a Quebec Selection Certificate or CSQ ("Certificat de Sélection du Quebec"). This issuance of your CSQ indicates your application was approved by the province of Quebec. At this point, your file is then handed over to the CIO (Centralized Intake Office) of the CIC (Citizenship and Immigration Canada) for processing at the federal level. At this time, you must pay your federal processing fees.
Step 13: After reviewing your investor application, federal authorities will issue medical instructions. You and your spouse or common law partner, and any dependant children and accompanying family members must undergo your medical examination by an approved IRRC (Immigration, Refugees and Citizenship Canada) physician.
Step 14: The results of the medical examinations are sent to the embassy immigration officials. As long as the results were successful, you and your family are approved for your QIIP visas. A request will be made to supply the passport of each person included on your application in order to issue their visa.
Step 15: Immigration officials will issue aQIIP visa for each person listed on your application. The initial visa does have an expiration date, which is the last day a person can use the visa for entry into Canada for their permanent immigration. Upon arrival in Quebec, you will exchange your visa for a permanent residence card. Your Canada Permanent Resident Card is what you will use whenever you need to leave and re-enter Canada.
What Are the Processing Times for the Quebec Immigrant Investor Program?
The actual processing time for the QIIP largely depends upon the number of applicants received, along with other such factors. In general, there are both provincial and federal processing times to take into consideration.
Provincial processing times can take between nine to twelve months before an applicant will receive their Quebec Selection Certificate, which established your approval for the QIIP. Federal process times can take another two to four years to fully process your Citizenship and Immigration Canada application. Depending on the embassy responsible of the file.
Based upon historical processing data, the average time before an applicant will receive their Canada investment visa is typically within five years of submitting their QIIP application. However, there have been some recent changes in how applications are being processed to help make the overall processing of applications more efficient.
At the provincial level, the number of applications for QIIP and other such programs has established a set number of allowed applications each year. As such, this will reduce the number of applications which must be processed at the federal level.
At the federal level, previously, applications were processed at the visa office nearest to the applicant. This was changed so that applications are now processed at any visa office around the world to help improve efficiency. This means your application may be processed at a visa office different from the one in your country.
The federal CIC website has been updated to reflect these changes. Applicants now see an estimated processing time for their QIIP applications which doesn't diffrenciate the proccesing time between embassies
QIIP Immigration for French Speaking People
Applicant investors, who have advanced intermediate French language skills, as measured by the Quebec government’s required language proficiency examination have certain advantages over other applicants. To begin with, they are able to apply to the QIIP at any time, regardless of the designated intake period and deadlines. In addition, they are not subject to the program application caps for each intake period.
Furthermore, any French speaking applicants are given priority processing. With these added benefits available to French speaking people, the QIIP makes it one of the top investment immigrations programs in the world.
Why Obtain Assistance from Canada Investor Immigration?
While there are many different foreign consultations and services which offer discounted immigration services, these do not always include access to a licensed immigration attorney in Quebec, like you receive from Canada Investor Immigration. Above all, the level of expertise you receive from our Ottawa-based immigration lawyer simply cannot be exceeded outside of Quebec.
With other foreign consultants and services, they typically offer a wide range of citizen investment services for multiple countries around the world, not just Canada. As a result, they frequently outsource the actual legal work required to an outside contracted attorney. The contracted attorney they use may not even be located in the province or country you want to invest in through an investment visa program.
This can result in mistakes in completing your application and other such delays. By working directly with our immigration lawyer in Ottawa, who knows the QIIP in great detail, it ensures your application is properly optimized for successful approval. Additionally, you are guided through each stop of the process in an effective and professional manner.
Being approved for an investment visa in Canada through the QIIP is not as easy as you may think. Foreign consultants and services tend to submit inconsistent and incomplete applications, which often results in refusal without the request for additional information or documentation. When this occurs, you have to start your application process all over.
The requirements for the QIIP can be very extensive, compared to other investment visa programs around the world. The required amount of documentation needed can easily overwhelm and inexperienced attorney not fully familiar with the QIIP processes.
For instance, one of the most demanding and rigorous sections on the QIIP application is the detailed chronological narrative which demonstrates the applicant’s financial assets were accumulated legally. Our immigration lawyer in Ottawa has extensive experience handling files for business immigrants to Quebec. She genuinely understands the immense level of detail required to substantiate this claim on the QIIP application and deliver a successful approval of the application for the client.
Based upon recent historical data, on average 76% of applications for the QIIP are refused. This means the actual success rate is about 24%. If you and your family are serious about moving to Quebec through the QIIP, we strongly urge you to retain our services and take advantage of the expertise our Partner Law Firm provides.
For the 2019 QIIP the approval rates are expected to increase as the Quebec government has not placed a quota on the number of clients an immigration service is allowed to handle. This should reduce the number of incomplete and inaccurate applications being submitted, as more investor immigrants are expected to turn to reliable services, like us at Canada Investor Immigration.
Is There a Limit on Chinese Investment Applications?
With the number of foreign investors from China increasing each intake period, other foreign nationals are growing concerned their application may not even be processed. To alleviate this concern the QIIP has limited the number of applications from any one single country by placing a cap of 70% of the total allowed applications for the intake period.
As a result, it will continue to be easy for non-Chinese investment immigrations to apply and be approved for their immigrant visas through the QIIP. In addition, with this limit in place, it will prevent Chinses investors from maximizing all of the available applications for the intake period as soon as it opens.
Obtaining Canadian Citizenship through the QIIP
See citizenship requirements on www.cic.gc.ca. Cumulate 3 years of physical presence in a 5 years period.
Once an investor immigrant becomes a Canadian citizen, they are able to apply for their Canadian passport. Their new passport is one of the most sought after travel documents in the world. There are currently 172 different countries which offer visa-on-arrival or visa-free access for those holding a Canadian passport.
Is There a Difference Between QIIP and Canadian Citizenship by Investment Program?
Many of the investor immigrations who apply and are approved for the QIIP, eventually become Canadian citizens. This has led to many people around the world referring to the QIIP as the Canadian Citizenship by Investment Program (CCIP).
However, using the term CCIP can be a little confusing for some foreign investors. Unlike programs in the Caribbean and other European countries, where you can essentially “buy” citizenship with an investment and no residency requirement, this is not the case with the QIIP.
You simply cannot purchase Canadian citizenship by making an investment and forgoing the mandatory minimum 3 years of physical presence. A more accurate term to describe the QIIP would be Canadian Citizenship by Investment AND Residency.
How Does Quebec Benefit by the QIIP?
The investment funds provided by applicants to the QIIP helps support other Quebec small businesses throughout the province. Investment Quebec offers subsidies to Quebec business with net assets less than $35 million, who need financial assistance with local projects.
Over the past decade, Investment Quebec has helped support the development of both small and medium-sized businesses by approving financing grants of more than $500 million throughout the entire province. These grants have helped small and medium-sized business create new jobs, as well as boost economic development in various areas in Quebec.
The investment funds generated from QIIP also helps funds other programs, like PRIIME, and employment integration program for immigrants and visible minorities. PRIIME helps many new immigrants obtain work visas in Quebec as skilled tradesmen. In addition, the program also helps Canadian citizens considered minorities find employment in skilled trades.
Aside from the numerous economic benefits the QIIP provides throughout Quebec, it also helps the numerous people, who obtained their investment visas through the program. Many investors eventually end up starting or acquiring their own small businesses in their communities, which further helps to benefit and boost their local economies.
Administration of the Quebec Business and Investment Immigration Programs
The Province of Quebec operates and controls its own immigration programs including establishing the requirements of each program and approving applicants, under the Canada-Quebec Accord on Immigration. As a result, any foreign investors or business people, who intend to immigrate to Canada through Quebec business and investment visa programs, must deal directly with the appropriate provincial immigration office in Quebec.
The QIIP is operated by the Minister of Immigration of Diversity and Inclusion and is administered by a subsidiary of the Quebec government. To learn more about the Quebec business and investment visa programs, administration, policies and other such details, please contact Canada Investor Immigration directly.
Tax Consequences for QIIP Applicants
Canadian Tax Rules provide several advantages to immigrants approved through the QIIP that can actually enable them to increase their assets more efficiently. The Canadian government does not have an inheritance tax or wealth tax.
In addition, Canada offers more favorable income tax rates and corporate tax rates to Canadians compared to residents of other countries in the West. Furthermore, Canada has several tax treaties in place with several countries around the world to prevent double taxation of its citizens.
Canadian Permeant Resident card holders and Canadian citizens, who are deemed to be non-residents for federal tax purposes, may also be able to avoid paying taxes on any income earned outside of Canada.
The partner law firm Canada Investor Immigration works with has exclusive relationships with international tax planning experts, who are Canadian-based, in Quebec, you can work with to obtain detailed tax information about potential tax implications of obtaining an investor visa through the QIIP.
Will I Be Able to Bring My Adult Children to Canada?
The Canadian Government has modified immigration definitions of what is considered a “dependent child” a few times in recent years. Currently, the IRCC (Immigration, Refugees and Citizenship Canada) considers a “dependent child” to be less than 22 year old, who is not an adult child finically dependent upon their parents due to a physical or mental condition or a spouse or de factor spouse.
The age of your child is “locked-in” on the date you submit your application for the QIIP. As long as your adult children meet the “dependent child” definition at the time of application, but then turn 22, they could still qualify for family immigration under the QIIP. Our immigration lawyer can review these requirements with you to determine your adult children’s eligibility through the QIIP.
Document Translation Requirements
Any documents that are not in English or French must be translated prior to being submitted with your QIIP application. The documents must be translated by a member in good standing of a Canadian organization of translators and interpreters.
The documents may also translated by a certified linguist fluent in English and/or French, as well as your native language. However, if a certified linguist translates the documents, you must also provide a sign affidavit sworn in the presence of a notary public.
Canada Investor Immigration can help refer you to a qualified translator to ensure your documents meet approval by immigration authorities in Canada.
Are There Other Countries That Offer Investment Visa and Citizenship Programs?
There are other countries that do offer investment visa and citizenship programs. The United States does have an EB-5 investment program which grants approved applicants a Green Card. In the United Kingdom, one can be approved for a Tier 1 Investor Vista. Australia has a SIV (Significant Investor Visa) Program.
There are even a number of programs in various European countries, as well as in the Caribbean. However, when comparing investor visa and citizen programs, the QIIP provides the best value, whether you invest your money directly or finance the investment using your assets.
Thanks to the relatively low exchange rate of the Canadian dollar, the QIPP has become even more lucrative in recent years. In addition, Canada and Quebec provide access to a much higher quality of life, better multicultural integration, superior schools, hospitals, and healthcare, a stronger economy, prestigious universities, higher wages, low crime rates, higher quality clean air, and a very powerful Canadian citizen passport.
When you take into account all these added benefits you gain through the QIIP, it is clear to see the investment visa program is one of the best in the world, even when compared to other program offered in other countries.
Can I Qualify for Dual Canadian Citizenship?
Presently, there are no restrictions on qualifying for dual citizenship in Canada. Applicants approved for the QIIP who eventually qualify to become a citizen of Canada are not forced by the Canadian government to give up their current citizenship in order to obtain their Canadian passport.
Are There Any Restrictions on the QIIP?
There are no restrictions on the QIIP in regards to the applications age, education, or nationality, aside from the mandatory application requirements and the primary applicant must be at least 18 years of age. Compared to other countries investment visa programs, one may be required to speak English proficiently, or be a specific age in order to qualify.
Consequently, immigration to Canada through the QIIP places none of these constraints on applicants. As such, immigration to Canada is essentially possible for anyone who is able to satisfy all of the application requirements under the QIIP.
Are Quebec Residents Also Canadian Residents?
All residents of Quebec are considered Canadian residents, as well. This affords them the same benefits all Canadian citizens enjoy. One of these benefits is being able to move and live in any province of Canada, once QIIP requirements are satisfied and you have obtained your Canadian citizenship. Individuals, couples and families who immigrate to Canada through the QIIP are issued Canadian Permanent Resident cards, which are recognized throughout Canada.
What If I Do Not Meet QIIP Net-Worth Requirements?
If you do not have sufficient assets to meet the 2 million net-worth requirement of the QIIP, you may still quality for the Quebec Entrepreneur Program (QEP). The QEIP requires applications to have net assets of $900,000 CAD, along with a minimum of two years’ experience owning, operating and managing a business. The OEP offers the opportunity for foreign nationals a fast-track to Canadian immigration if they purchase or start a business in Quebec.
What’s the Difference between the QIIP and OEP?
There are two primary distinctions between the QIPP and QEP. Firstly, the QEP is a conditional visa program that requires approved applicants to purchase or start a business in which they actively participate in the day-to-day operations and management. In addition, the applicant must have a controlling interest of at least 25% of the business’ capital equity, which must be worth a minimum of $100,000 CAD. Furthermore, applicants must report periodically to immigration authorities and demonstrate they are fulfilling the qualifications of the QEP.
Secondly, QEP applicants must prepare and submit a business plan proposal as part of the application process. They will also be required to defend their plan during their formal selection interview with immigration officials.
With the QIIP, there are no such conditions nor special obligations and requirements one must satisfy upon arrival in Canada. In addition, people with senior operations and management experience, but not ownership of a business, will not qualify for the QEP. However, their experience may qualify for them for the QIIP.
What If My Nearest Quebec Immigration Office Closed?
In some locations around the world, certain Quebec Immigration Offices may have closed and are no longer in your native country. However, any selection interviews and application processing will be handled by another Quebec Immigration Office.
Any correspondence with Quebec immigration officials should be handled through the appropriate Quebec Immigration Office. Canada Investor Immigration and our immigration attorney can provide assistance to ensure correspondence is submitted correctly and to the appropriate office location.
Required Documents for the Quebec Immigrant Investor Program
The QIIP application does require an extensive amount of documentation in order to be approved for a Selection Certificate. This documentation must be submitted at the same time as the application. All document must be submitted in the correct format and in their original language, along with any necessary translations of the documents into English or French.
Any documentation which is submitted in a non-conforming manner could result in the rejection of your application and/or the return of the documents. All certified photocopies and true copies should be of excellent quality and easily readable. Otherwise immigration officials may deem them as unusable and inadmissible.
With certified true copies, these should be compared to the original document by an authorized person, like a notary public. The authorized person must print on the copy of the original document, “I certify this is a true copy of the original document.” They must also write the name of the original document, their name, official title, date of certification and then sign with their signature.
You are fully responsible for the accuracy and truthfulness of all documents and information submitted with your application. This includes any documentation supported on your behalf by another party. Please keep in mind that Quebec immigration authorities could independently verify whether the information you provided on your application is accurate through third parties.
In addition, providing misleading or false information to Canadian immigration officials is considered an offence under immigration laws. If the applicant is found liable, they could have to pay a fine, have their application rejected, and have their Quebec Selection Certificate cancelled.
What Documents Are Required as Part of aQIIP Application?
Please keep in mind the following investment agreements, declarations, forms, and appendices do require original handwritten signatures.
Section 1 – Quebec Selection Certificate Application Documents:
- Application for Quebec Selection Certificate.
- Payment of fees charged for the application process.
- Declaration by spouse or common law partner or de facto spouse.
- Declaration of Common Values of Quebec Society.
- Power of attorney with respect to application and financial transactions.
- Original investment agreement signed through an authorized trust company or broker.
- Detailed written narrative in your native language.
- Identity checks and monetary due diligence declarations by the trust company or broker.
Section 2 – Power of Attorney Documents:
- Power of attorney completed by the applicant and their legal counsel.
- Authorization of the attorney to communicate personal information.
Section 3 – Civil Status and Identity Documents:
- The National Identity Cards for everyone listed on the application.
- Valid passports from primary country and any other countries where citizenship is held for everyone listed on the application.
- Household register or family booklet for all persons.
- Birth certificates for everyone listed on the application.
- Official adoption papers for any dependent children.
- Marriage license/certificate of applicant’s spouse.
- Divorce certificate if the applicant or spouse were previously married.
- If applicable, death certificate of the parent of dependent children.
- Parental consent declaration authorizing dependent children to immigrate to Canada. The declaration must be made before an authorized person and include their professional seal and signature.
- Official name change documents for any one included in the investment application.
- Spousal supporting documents including bank account statements, mortgage or lease agreements, utility bills, etc.
- Recent passport-size photos for everyone listed on the application including applicant, spouse or common law partner, and dependent children.
- Medical certificate attesting to an adult child’s mental or physical disability.
- If the declaration of parental consent is authorized by a non-accompanying parent, a signed identity item of the non-accompanying parent.
- Court certificate or judgement indicating the assignment of custody rights of the accompanying parent of dependent children.
Section 4 – Selection Criteria Documents:
- Certificate or diploma by primary applicant from a private or public education institution recognized by the government.
- IELTS English language proficiency examination result.
- French language proficiency examination results in French for primary applicant, for priority QIIP application treatment.
- Educational certificate or diploma corresponding transcript.
- Quebec health insurance card, birth certificate, Canadian PR card, or Canadian passport for any family already in Quebec of either the primary applicant or their spouse or common law partner.
- Previous Quebec tourist or business visas, work permits, study permits, passport stamps, and/or airline tickets verifying previous visits to Quebec by either the primary applicant or their spouse or common law partner.
Section 5 – Primary Applicant and Spouse Declaration of Net Worth Documents:
- Bank statements for all bank accounts including chequing and/or savings, covering all banking transactions for at least the previous 12 months.
- Statement of securities transactions endorsed by a securities broker covering the last three complete fiscal years.
- Statement of securities account issued by the Central Securities Depository indicating all stocks and bonds held on the last day of the last three complete fiscal years.
- Insurance subscription agreements including documentation issued by financial institution confirming cash surrender value. Professional valuation report for property holdings prepared by an accredited natural or legal person indicating separately the value of land and the value of buildings. Real estate valuator must hold a license from competent authority, and report must describe all sources of data as well as valuation methodology.
- Verification from all financial institutions indicating the current value of all mutual funds, term deposits, treasury bills, and guaranteed investment certificates.
- Final purchase agreement, title deed, and registration in official cadastre of any residential or commercial property including land.
- Personal credit report issued by a public credit registry, or if no public registry exists a private credit registry such as Experian, TransUnion, or Equifax. The personal credit report should list all short-term and long-term financial liabilities such as bank loans, mortgages, lines of credit, credit cards, etc.
- Any documents issued by a financial institution establishing other valuables declared in the investor immigration application such as warranty bonds or pension funds, including their acquisition cost.
- Proof of payment of purchase price of real estate as well as any taxes. Receipt must include purchase date. Wealth tax returns endorsed by official tax office, applicable in countries where this exists such as Kenya and India.
- Additional purchase agreements reflecting full purchase price transacted between parties, if property was bought or sold in a country where documented real estate purchase prices are based on government valuations that differ from fair market value, such as Iran, India, Vietnam, etc. A written declaration indicating the effective purchase amount will also suffice.
Section 6 – Management Experience Documentation:
- Certificate or work history for each work period and each management job for which applicant drew compensation that contributed to their current investment savings, or assets.
- Relevant documentation verifying primary applicant's performance of duties related to the management, planning, and control of material or human resources as well as financial resources under his or her authority.
- Employment or management contracts.
- History of social contributions by primary applicant or their spouse or common law partner, especially those made to a pension fund.
- Personal income tax returns for primary applicant or their spouse or common law partner, including all schedules and receipts for payment, endorsed by an official tax office.
- Declaration of employees to public agency endorsed by issuing authority, such as social security office, or employer's public liability insurance.
- Personal income documentation in the name of primary applicant and/or their spouse or common law partner, which is endorsed by appropriate government authorities such as pension fund, employment insurance or tax office. Income amounts must match personal income declared in narrative documentation of the investor application.
Section 7 – Primary Applicant or Spouse Corporate Documentation:
- Documents supporting the transfer of funds invested in the corporation, such as relevant bank extracts.
- Bank certificates on share capital investments and if applicable, audit reports on capital prepared by an independent outside auditor.
- Registration certificate with the Registrar of Companies or its equivalent, and if applicable, any extracts from business publications confirming the registration of the business.
- Tax registration card or certificate of the corporation.
- Prospectus prepared for initial public offering (IPO) if the company is listed on a stock exchange.
- Annual reports covering at least the last five complete fiscal years, if the company is publically traded.
- If requested in writing by Immigration Quebec, corporate banking statements.
- Corporate credit report issued by public credit registry such as a central bank and/or private credit registry.
- Recent extracts from the Registrar of Companies or its equivalent.
- Partnership agreements, joint venture contract, articles of association, corporate by-laws, or memoranda of association agreements, including any amendments.
- Detailed appraisal report of sole proprietorship showing the company’s net worth.
- Bank account statements used by the sole proprietorship if requested in writing by Immigration Quebec.
- Corporate income tax Notice of Assessment (NOA).
- Alternatively to the NOA, corporate income tax returns and payment receipts with all schedules endorsed by an official tax office.
- Profit and Loss Income statement if the company is a sole proprietorship.
- Reports on the review engagement on financial statements or consolidated financial statements for companies with one or more subsidiaries or a partnership. The reports must contain a profit and loss statement, cash flow statement, balance sheet, and statement of retained earnings for each year.
- Accounting information must include a full breakdown of revenue by business line, balance sheet items, operating costs and administrative costs such as range of products offered, payroll, and nature of activities, and should address of organizational structure, all business locations, and existence of inter-company loans including the existence of company sales or loans with related parties, their nature and recoverability, ownership and use of buildings valued on the books, and tax regime that applies to company. Additionally, reports should include accounting methodology and principles used to determine the identification of fixed assets, value of inventory, and annual amortization of assets by category.
- Alternatively, audit reports on financial statements accompanied by external documentation from authorized authorities, such as the credit bureau will suffice to support the legality of activities as well as the financial performance of the incorporated businesses.
Section 8 – Inheritance and Donation Documentation:
- Notarized will and certificate of death, or court judgement attesting to the nature of the inheritance received. Additionally, documentation showing the transfer of assets or fund to the heir.
- Documentation verifying the transfer of funds and/or goods received, such as proof of a bank transfer or transfer of a property deed.
- Identification of donor and proof of their financial capacity to make donations, as well as the origination of the funds used for donations.
The Quebec Immigrant Investor Program document checklist is clearly very extensive. At Canada Investor Immigration, our partner law firm works alongside you to ensure you can produce and acquire all of the necessary documentation in the most efficient manner. Your immigration attorney is fully committed to your success and will guide you in every step of the QIIP application process.
What Proof Is Required to Establish the Investment Has Been Made?
Once you have been approved, conditionally for the Quebec Immigrant Investor Program, you will receive detailed instruction on how to wire the investment funds to the appropriate financial intermediary. After the financial intermediary receives the funds, the Government of Quebec will issue a term note to the financial intermediary.
The financial intermediary will then provide you with a copy of the term note. At the end of the five year investment period, the financial intermediary will return the note to the Government of Quebec. The government, then returns the investment funds to the financial intermediary. Upon receipt of the fund, the financial intermediary, refunds the funds to you.Please note that the 1.2 million is only returned to the investor of the applicant investe the whole amount himself. When the investor pay the financial intermediary the financing fee(350000$), this amount is not returned to the investor and the 1.24$ is not returned to the investor either!
What Happens If the Investor Applicant Dies During the Application Process?
If the investor application dies after starting the Quebec Immigrant Investor Program application process, but prior to receiving their Canadian Permanent Residency card, then the application is cancelled. Any investment funds already made will be returned to the applicant’s estate or spouse within 30 days.
If the investor applicant dies after receiving their Canadian Permanent Residency card, any surviving family members will not lose their immigration status and can remain in Canada. If the investment was not financed, the surviving family will need to show they are the rightful heirs to the investment funds and will then receive them at the end of the required five-year investment period.
For further information about the Quebec Immigrant Investor Program and immigration to Canada, please feel free to contact Canada Investor Immigration for a private and confidential consultation today.