The government of Canada is intending to make certain proposals in the immigrant investor category and hence would be coming out with certain amendments in the eligibility criteria meant for the same. Believe is that the alteration would help in strengthening the Canadian economy even further as more immigrants would be able to contribute in it.

According to the new proposals, new investors would be required to have financial assets of $1.6M. As compared to this figure, earlier it was essential to own a personal net worth of $800,000.

In addition to this facet, changes would require the applicant to make an investment of $800,000, a figure which has doubled its original amount of investment $400,000, which was in accordance to the earlier rules. The same was published in Canada Gazette on 26th June, 2010.

Till the time the amendments are implemented, the government will not accept any of the application forms under the concerned category. This would be done to prevent the extreme flocking of applications around the year. Since the year 1999, it has been the first time that the amendments are going to be inculcated under this category. Keeping in mind the easier eligibility criteria for this program, larger number of immigrants used to enter the country under this category.

Also, after the amendments would be finalized, the new forms would be processed along side the earlier ones, an aspect which will allow the government to know the benefits of the amendments at the first go. According to Minister Kenney, Canada is in need of Investor immigrants and the amendments would help the country in keeping up with the pace of changing economy.