June 28, 2010
NEWSLETTER

OUR OFFICES
Montreal – Head Office
2200 McGill College Avenue, Suite 320
Montreal, Quebec, Canada H3A 3P8
Tel: (514) 499-1170
Fax: (514) 499-1063
Email: info@canadaiip.com
Website: www.canadaiip.com


We also have representatives in:
Dubai
Tehran
Iran
Beijing
Hong Kong
Guangzhou
Shanghai
Vancouver
MODIFICATIONS TO IIP REGULATION

It is now official! After months of rumors, immigrant investors will have to invest $800,000 and show personal net worth of $1,600,000 under the new regulation which was pre-published Saturday June 26th, 2010. The Government of Quebec will modify its own program in the following weeks. We expect the new regulation to come into effect in October 2010.

While CIC has called for a moratorium on the Federal Immigrant investor program with effect immediately, the MICC will continue to receive applications under the current regulation providing files are complete and meet the BIQ's requirement for file opening. If not, these files will be returned.

Industrial Alliance is committed to provide legal assistance to ensure files are to be delivered to the MICC in time while meeting its quality requirements.

Please contact your IA representative for assistance.

Alain Nadon

Program Director

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