The Canadian government was stupid to cancel all their applications - they shoulda just stopped taking in any more applications after a certain date and then just grant the ones that were already in the pipe. Woulda brought more money into the Canadian economy than right out cancelling them. I'm surprised the government (both federal and provincial) has the face to continue its friendship and trade trips every year after scrapping the program in such a way. |
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Beside there are other investment program that rich people can still use to enter and obtain a Canadian citizenship. If the gov wants to ever open this program I think the limit should be at least 10million and 30% is non-refundable. Mind as well start selling citizenship and try to milk as much as you can. |
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Simply lending $800,000 to the governments for 5 years is not worthy enough of a pathway to Canadian citizenship. At the same time these new well-off immigrants leeching off the healthcare and education systems with the breadwinner stay in his or her own country is not good enough either. Our country works largely because of income taxes. Just paying sales or property taxes along won't sustain the system. We can either adopt the U.S. EB5 program where you invest in a company and create 10 full-time jobs or we let the immigrants/investors put their capital in start-ups and early-stage companies where VC funding is lacking at times. So can you lose 100% your investments? Yep, it sure can. But this is price you should pay if you to want live in Canada. |
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I can see it right now a family planing to come to Canada. Filling out all the paper work and following all the rules just to have the government change the laws without warning. http://km.browncanada.com/images/gal...omagata3_l.jpg |
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You know that a lot of these people were setting up companies that employed people right? That they weren't just buying properties and cars? There were lots of small businesses and companies that were either bought out silently or got infusions of cash that the everyday person doesn't see. Quote:
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Majority of of the IIP applicants viewed Canada as a place to park cash and live comfortably. When someone is wealthy their first priority is to protect their capital not grow their capital. Although it is possible for some of them to start a business, I believe the odds are strongly against it when 80% of new businesses fail within the first 3 years. |
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Just milk the hell out of these rich people. 10 million per person 10year lend to Canada gov no interest and 30% of that money is non refundable. So if you have a family of 4 that would 40million 10year and 12million is non refundable. With special terms such as if you are wanted in any country, Canada have the right to take your citizenship back and deport you back to your home country. |
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This class of immigrants were using the scheme to get passports of convenience. Education for their kids, Medicare. Most of these people know how to make money in China, not Canada, so their families leave for China after they're done milking the system. They have no intention of contributing to Canadian society by living here permanently, assimilating to Canadian cultural values and paying income taxes. Since there aren't tax treaties between Canada and China, Revenue Canada can't get a sense of the true taxable income of these families. Canada gets minimal benefit from these class of immigrants, which is the reason they scrapped the scheme. They take up valuable spots in schools/universities but do not intend to work here. The other class of immigrants coming to Canada are the poorly skilled immigrants from 3rd world countries looking for a better life in Canada. While they are probably an initial drain on the system, they are willing to establish roots in Canada. Through education and hard work of trying to survive in a foreign country, they probably do end up contributing to Canadian society by moving from lower class to lower middle class or middle class. The best class of immigrants are the educated immigrants from 1st world countries (Singapore, Hong Kong, Western Europe, USA) who are looking to establish roots in Canada. Due to their levels of skills/education they generally are able to thrive and contribute positively to Canadian society. Most of these people fall into the Upper Middle Class background. |
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The cost of social programs for a couple of hundred drug addicts is a drop in the bucket. The objective of any country's immigration policy is to keep a growing population of vibrant young workers. |
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Ship the DTES people to China, import rich asians win/win |
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Yes but it leads to a lot of hot single chicks that sleep around because they know nobody can afford to wifey them without moving to a suburb! (Ugh) |
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prejudice, racism, and bigotry are wrong and stupid no matter who you throw it at |
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most bigots don't think they're being prejudice you didn't answer my question, either. |
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Please tell us? |
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