Federal Program |
Quebec Program |
Federal Investor |
Quebec Investor |
| |
| - |
Personal net worth of $800,000 CAD |
| - |
Investment of $400,000 CAD |
| - |
Applicant can land in any part of Canada |
| - |
Applicants may state a desire to live anywhere in Canada except Quebec. |
| - |
Investment is government guaranteed and proceeds are allocated to the Provinces excluding Quebec. |
| - |
The Canadian government guarantees repayment of the bank loan not the investor’s down payment. |
| - |
The five-year investment period begins following visa issuance |
| - |
Two years of suitable management or business experience |
| - |
Less popular than the Quebec program because they process the applications a bit slower exceeding over 2.5 years |
| - |
Less incentive compared to Quebec |
| |
|
|
|
| |
|
|
|
| |
| - |
Personal net worth of $800,000 CAD |
| - |
Investment of $400,000 CAD |
| - |
Applicant must land in the Province of Quebec |
| - |
Investment is guaranteed by the Province of Quebec and proceeds are allocated to Province of Quebec |
| - |
Quebec designates securities brokerage firms and investment banks to finance the investment rather than banks. |
| - |
Quebec government guarantees repayment |
| - |
The 5 year investment period begins following Quebec approval, even before the investor comes to Canada |
| - |
Three years of suitable management experience |
| - |
Quebec program more popular than the Federal program because they process the applications much faster in 18 months or less |
| - |
Pay brokers higher commissions |
| |
|
|
|
| |
|
|
|
Federal Entrepreneur |
Quebec Entrepreneur |
| |
| - |
Personal net worth of $300,000 CAD |
| - |
Two years of suitable business experience |
| - |
Applicants who do not own and operate a business cannot qualify. |
| - |
Create one full time job |
| - |
Outline of Business Plan of venture required showing an understanding of market and economic conditions in Canada |
| - |
If Exploratory visit to Canada is undertaken points may be awarded |
| - |
Mandatory terms and conditions imposed |
| - |
Processing delays exceeds 2.5 years |
|
|
| |
|
|
|
| |
| - |
Personal net worth of $300,000 CAD |
| - |
Three years of management experience in agricultural, industrial or commercial enterprise |
| - |
Applicants with high-level management experience can qualify without owning |
| - |
Employ three full-time residents of Quebec |
| - |
Applicants should defend a business plan that outlines the feasibility and relevancy of the project to Quebec |
| - |
Selection interview is preceded by a preliminary market visit to Quebec by the applicant. |
| - |
Mandatory terms and conditions imposed |
| - |
Processing times of 18-24 months to visa issuance. |
|
|
| |
|
|
|
Federal Self-Employed |
Quebec Self-Employed |
| |
| - |
Two years of experience |
| - |
No minimum Net worth specified |
| - |
Create self employment in athletics, cultural or farming activities |
| - |
Obtain a minimum of 35 points out of 100 in the modified selection grid |
|
|
| |
|
|
|
| |
| - |
Two years of applicable experience |
| - |
Possess a personal net worth of $100,000 |
| - |
Create own employment by practicing a profession |
| - |
Applicants assessed under a different point system where they have to obtain 50 points if unmarried and 58 for married persons |
|
|
| |
|
|
|
The difference between the Federal and Quebec programs has affected the choices made by applicants in the following ways:
Investor Category:
- The Quebec immigration program offers significantly faster processing times and other benefits compared to the processing delays in the Federal program. Hence, majority of applicants use the Quebec program.
- In the Federal program applicants can finance the bulk of their investment through designated banking institutions while Quebec designates securities brokerage firms and investment banks to finance the investment rather than banks.
- In the Federal program the five-year investment period begins following visa issuance while the five year investment period begins following Quebec approval, even before the investor comes to Canada
Entrepreneur Category:
- In the Federal program applicants who do not own and operate a business cannot qualify while applicants with high-level management experience can qualify in Quebec
- Applicants need two years of suitable business experience in the Federal program while the Quebec program requires three years of management experience in agricultural, industrial or commercial enterprise.
- In the Federal program processing delays exceeds 2.5 years while in Quebec it takes 18-24 months to visa issuance.
Self-Employed Category:
- In the Federal program an applicant has to create self employment in athletics, cultural or farming activities while under the Quebec program has to create own employment by practicing an occupation under his/her account
- In the Federal program applicant has to obtain a minimum of 35 points out of 100 while under the Quebec program applicants are assessed under a different point system where they have to obtain 50 points if unmarried and 58 for married persons
In a nutshell the difference between the federal and Quebec programs has affected the choices made by applicants in a number of ways. The most important being that the Quebec immigration program offers significantly faster processing times and other benefits compared to the processing delays in the Federal program. Hence, majority of applicants use the Quebec program. |
