(Replying to PARENT post)

Not surprising at all. Canada had "money for citizenship scheme" and these are the side effects. Québec has and is still playing a major role in this scheme with their provincial scheme called QIIP. Once the rich "investor" gets a permanent residence through QIIP, they move to BC for the better climate. Some QIIP PR holders has never even set foot in Québec according to the immigration dept of Québec . Condos in downtown Montreal are paid for in cash by foreign students who drive expensive cars.

CBC News reported this sometime back :

https://youtu.be/NIq1nMWRIG4

👤t1o5🕑6y🔼0🗨️0

(Replying to PARENT post)

And the QIIP scheme involves a mere loan to Quebec, which is fully repaid to the immigrant after five years. WTF.

👤ttul🕑6y🔼0🗨️0

(Replying to PARENT post)

Doesnt sound that bad. USA too has this scheme. Hungary had it too. Loads of countries have it, if not all

👤quotz🕑6y🔼0🗨️0

(Replying to PARENT post)

Just curious what reasons why anyone would not want this? This brings money and taxes to the local economy.

👤solotronics🕑6y🔼0🗨️0

(Replying to PARENT post)

Sources and exact numbers from the immigration dept of Quebec as per Access to Information. ( In French )

http://www.midi.gouv.qc.ca/publications/fr/ministere/acces-i...

👤t1o5🕑6y🔼0🗨️0

(Replying to PARENT post)

Had a friend who did this and then moved to BC. My friend lived in Quebec for most of his childhood but left during teenage years. Not sure about this stereotype about "rich foreign students driving expensive cars", because I think that is only some and not all, but people only notice the few people with rich cars. It's a free world, who cares about rich students buying expensive cars.

What I think people don't understand is that only the rich and intelligent come in through this way. You need at least $1M in the bank to even be considered.

👤forkLding🕑6y🔼0🗨️0

(Replying to PARENT post)

I just went through the Canadian immigration process. It's been a few months but I recall reading about visas.

IIRC, the "Investor Visa" was about $400k CAD to be invested in Canada or something.

👤blaser-waffle🕑6y🔼0🗨️0