The Immigrant Investor Program seeks to attract experienced business people to promote economic development and employment in Canada by attracting people with capital, business acumen and/or solid managerial skills for business immigration to Canada.
Effective July 1, 2012, the Citizenship and Immigration Canada (CIC) has put a temporary moratorium on the Immigrant Investor Program. CIC has also announced plans to overhaul the investor program and re-introduce it with new reforms. According to CIC, applicants who had applied under this program should hold on their applications and reapply once new regulations come into force. The Immigration Department is also consulting on whether to create a new investor program on a short-term basis, which will be announced in the coming months.