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Old 06-30-2014, 10:11 PM   #51
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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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Old 06-30-2014, 10:26 PM   #52
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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.
Why not? The Chinese loved us for stopping the program. Prevent people who got their money illegally from leaveing China and the Chinese gov have a chance to catch them.

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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Old 06-30-2014, 11:36 PM   #53
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Why not? The Chinese loved us for stopping the program. Prevent people who got their money illegally from leaveing China and the Chinese gov have a chance to catch them.

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.
Only 10 why not 50 or a 100 mill? I say we should milk them so much they have to be on ware when they get here.
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Old 06-30-2014, 11:46 PM   #54
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It's canada's loss.

What the federal government had done was unethical, disgraceful, and very unCanadian-like. So whenever the feds need the easy money, they allow IIP, and when they no longer need $$$ they fuck everyone up by axing the program? fuck you. Many of the applicants had waited 8 years of uncertainty, during this period of time, many opportunities were foregone, time wasted not to mention tremendous capital losses. As of now, Canada is no longer the top choice for chinese immigrants anyway. There are more than a handful of countries that are willing to take in immigrants and actually respect the applicants unlike canada. it's all canada's loss
You sound butthurt (and ridiculous). Just because we're Canadians and "too fuckin' nice" doesn't mean we'll let in any asshole who starts disrespecting our country before they even get here. So to quote the infamous Captain Jack Sparrow I have only one word for these people:



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Even in the 60's the problem existed.
You do realize the 60's were 50 fucking years ago right?

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Isn't that what Hitler was doing. Getting rid of a crowd that was not popular with the general populace.
Are you on crack? That's the stupidest connection I've heard somebody make.
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Old 06-30-2014, 11:51 PM   #55
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I wonder how hard it is for a rich British person to get into Canada?

We also let this British criminal into Canada.

Remember him? Pet Cemetery.
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Old 07-01-2014, 12:05 AM   #56
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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.
If by bring in money to Canada in the forms of buying properties and cars then I guess the IIP applicants fit right in. But if you mean by bring money into the Canadian economy as in creating jobs and generating tax revenues for our Canadian economy then these IIP applicants are not even close.

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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Old 07-01-2014, 12:09 AM   #57
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You do realize the 60's were 50 fucking years ago right?


And my dad arrived in 68.

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.

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Old 07-01-2014, 12:19 AM   #58
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And my dad arrived in 68.

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.

Because this clearly applies to everyone who was trying to immigrate here. The vast majority of immigrants would've have been using this program.
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Old 07-01-2014, 12:40 PM   #59
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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.

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If by bring in money to Canada in the forms of buying properties and cars then I guess the IIP applicants fit right in. But if you mean by bring money into the Canadian economy as in creating jobs and generating tax revenues for our Canadian economy then these IIP applicants are not even close.

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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Old 07-01-2014, 12:59 PM   #60
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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.
When did I say they didn't? You made the statement: "The Canadian government was stupid to cancel all their applications." It would seem to me you are the one who need to do more homework. Do you have all the data that the government have? At the very least government did a costs vs benefits analysis and concluded that on the whole IIP applicants' potential benefits to Canada was not nearly worth the costs (direct/indirect, visible/invisible) to our economy.

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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Old 07-01-2014, 01:26 PM   #61
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When did I say they didn't? You made the statement: "The Canadian government was stupid to cancel all their applications." It would seem to me you are the one who need to do more homework. Do you have all the data that the government have? At the very least government did a costs vs benefits analysis and concluded that on the whole IIP applicants' potential benefits to Canada was not nearly worth the costs (direct/indirect, visible/invisible) to our economy.

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.

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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Old 07-01-2014, 01:36 PM   #62
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Canada have the right to take your citizenship back and deport you back to your home country.
Maybe we should do that with all Canadians? instead of having a new second class citizenship.
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Old 07-01-2014, 01:40 PM   #63
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Maybe we should do that with all Canadians? instead of having a new second class citizenship.
Of course we should if they are wanted in another country for criminal offense /or found guilty of breaking another country's law. Why should we allow criminals found guilty to live freely in Canada? Deport them to where they are wanted and let the justice system there determine if they are guilty or not.
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Old 07-01-2014, 01:47 PM   #64
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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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Old 07-01-2014, 03:41 PM   #65
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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.
And while they are here they are buying houses, cars, clothes, and pay taxes. At the same time the Canadian goverment is pumping a million dollars a day of tax payers money into east Vancouver to help a bunch of drug addicts and alcoholics. So who is the real drain on Canada?
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Old 07-01-2014, 10:35 PM   #66
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And while they are here they are buying houses, cars, clothes, and pay taxes. At the same time the Canadian goverment is pumping a million dollars a day of tax payers money into east Vancouver to help a bunch of drug addicts and alcoholics. So who is the real drain on Canada?
Houses are an investment, so it isn't money spent. The value of homes are driven up to the point that real estate in Vancouver is the most expensive in the world in relation to the average income of residents. Unless you're a property owner and rode the wave, the younger generation Vancouverites are completely fucked out of home ownership. There is such a thing as bad capital.

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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Old 07-01-2014, 11:30 PM   #67
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Houses are an investment, so it isn't money spent. The value of homes are driven up to the point that real estate in Vancouver is the most expensive in the world in relation to the average income of residents. Unless you're a property owner and rode the wave, the younger generation Vancouverites are completely fucked out of home ownership. There is such a thing as bad capital.

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.
365 mill a year just for east van is a drop in the bucket are you kidding me?!?!?! Also when they buy a house they pay taxes also when they sell. If you can't afford to live in Vancouver move somewhere else. This whole country was built on people moving to new places.
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Old 07-02-2014, 01:15 AM   #68
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And while they are here they are buying houses, cars, clothes, and pay taxes. At the same time the Canadian goverment is pumping a million dollars a day of tax payers money into east Vancouver to help a bunch of drug addicts and alcoholics. So who is the real drain on Canada?

Ship the DTES people to China, import rich asians


win/win
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Old 07-02-2014, 01:16 AM   #69
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the younger generation Vancouverites are completely fucked out of home ownership.

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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Old 07-02-2014, 02:06 AM   #70
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And my dad arrived in 68.

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.

what ethnicity are you? I ask because it will probably provide some insight into your anti-caucasian / anti-british views

prejudice, racism, and bigotry are wrong and stupid no matter who you throw it at
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Old 07-02-2014, 02:30 AM   #71
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what ethnicity are you? I ask because it will probably provide some insight into your anti-caucasian / anti-british views

prejudice, racism, and bigotry are wrong and stupid no matter who you throw it at
I'm not raciest I'm just providing actual facts unlike the people complaining about the Chinese.
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Old 07-02-2014, 04:42 AM   #72
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I'm not raciest I'm just providing actual facts unlike the people complaining about the Chinese.
i'm not complaining about the chinese, but you come on here and make offensive comments against caucasian british people.

most bigots don't think they're being prejudice

you didn't answer my question, either.
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Old 07-02-2014, 05:20 AM   #73
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It's canada's loss.

What the federal government had done was unethical, disgraceful, and very unCanadian-like. So whenever the feds need the easy money, they allow IIP, and when they no longer need $$$ they fuck everyone up by axing the program? fuck you. Many of the applicants had waited 8 years of uncertainty, during this period of time, many opportunities were foregone, time wasted not to mention tremendous capital losses. As of now, Canada is no longer the top choice for chinese immigrants anyway. There are more than a handful of countries that are willing to take in immigrants and actually respect the applicants unlike canada. it's all canada's loss
I would like to hear the list of this countries that would take Mainland Chinese immigrants.

Please tell us?
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Old 07-02-2014, 06:22 AM   #74
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365 mill a year just for east van is a drop in the bucket are you kidding me?!?!?! Also when they buy a house they pay taxes also when they sell. If you can't afford to live in Vancouver move somewhere else. This whole country was built on people moving to new places.
i can only hope that with your mind set, your future kids or grandchildren will be forced to move halfway across the country leaving you to never see them except for maybe 1 visit a year. forget about seeing your grandchildren either unless your willing to fly out to wherever they live..instead you'll get to watch them grow up on good ole facebook photos or whatever social media crap site there is at that time.
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Old 07-02-2014, 06:52 AM   #75
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365 mill a year just for east van is a drop in the bucket are you kidding me?!?!?! Also when they buy a house they pay taxes also when they sell. If you can't afford to live in Vancouver move somewhere else. This whole country was built on people moving to new places.
It's about middle income Canadian being displaced but rich immigrants. That's the issue.
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