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Getting Into Canada

6:1.2 The Prescribed Investment

Benjamin A. Kranc is a Canadian lawyer certified by the Law Society of Upper Canada as a Specialist in Immigration Law.

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6:1.2 The prescribed investment

If you meet the definition of Investor, you must make a prescribed investment, which does not mean that you have to start a business in Canada. What it means is that you will have to invest the sum of CDN$400,000 with the Receiver General of Canada. Approximately five years after you become permanent resident, Citizenship and Immigration Canada (CIC) will return the investment to you, without interest. The investment is fully guaranteed.

It is possible to obtain financing for the prescribed investment. Listed below are details of contact information

  • a.in respect of a sole proprietorship, 100% of the equity of the sole proprietorship controlled by a foreign national or their spouse or common- law partner;
  • b.in respect of a corporation, the percentage of the issued and outstanding voting shares of the capital stock of the corporation controlled by a foreign national or their spouse or common-law partner; and
  • c.in respect of a partnership or joint venture, the percentage of the profit or loss of the partnership or joint venture to which the foreign national or their spouse or common-law partner is entitled.

relating to a sampling of financial institutions6 with whom you can make financing arrangements.

Canadian Imperial Bank of Commerce (CIBC)

Mr King H. Lee, Vice-President, Asian Banking

199 Bay Street, Commerce Court West, 5th Floor

Toronto, Ontario, Canada, M5L 1A2

Tel: (416) 980-3513, Fax: (416) 304-5043

E-mail: King.Lee@cibc.com

www.cibc.com or www.cibcasianbanking.com

Computershare Trust Company of Canada

Mr Charles Eric Gauthier, Corporate Trust Officer

1500 University Street, 7th Floor

Montréal, Québec, Canada, H3A 3S8

Tel: (514) 982-74888, x7609, Fax: (514) 982-7677

E-mail: Charles.Gauthier@computershare.com

www.computershare.com

Desjardins Trust Inc.

Mr Marc Audet, Vice-President

East Tower, 27th Floor, 2 Complexe Desjardins

P.O. Box 992, Station Desjardins, Montréal, Quebec, Canada, H5B 1C1

Tel: (514) 499-8440, Fax: (514) 982-9579

E-mail: cic_inquiry@immigrantinvestor.com

www.immigrantinvestor.com

Habib Canadian Bank

Mr Laiq Siddiqui, Chief Operating Officer

918 Dundas Street East, Suite IB

Mississauga, Ontario, Canada, L4Y 4H9

Tel: (905) 276-5300, Fax: (905) 276-5400

E-mail: laiqhcb@on.aibn.com

www.habibcanadian.com

HSBC Bank Canada

Mr Eric G. Major, Director, Immigrant Investor Programs

P.O. Box 1016, Suite 1100, 885 West Georgia Street

Vancouver, British Columbia, Canada, V6C 3E9

Tel: (604) 631-8086, Fax: (604) 631-8073

E-mail: Eric_Major@hsbc.ca

www.hsbc.ca/capital

Laurentian Bank of Canada

Ms Johanne Sheehy, Private Banking

1981 McGill College Ave, Mezzanine Level

Montréal, Quebec, H3A 3K3

Tel: (514) 284-4000, Fax: (514) 284-4009

E-mail: Johanne.Sheehy@banquelaurentienne.ca

www.Iaurentianbank.com/en/02_consumers/ 08_gestion_privee/04_Immigrant/_fr.htm

MCAP Securities Inc.

Mr Paul Bruce

MCAP Securities Inc., Suite 400, 200 King Street West

Toronto, Ontario, Canada, M5H 3T4

Tel: (416) 591-2733, Fax: (416) 598-4142

Toll Free: 1 800 387-4405 ext. 2733

E-mail: Paul.Bruce@mcap.com

www.newcanadianplan.com

National Bank of Canada

Mr Fouad Boustani, Manager, Immigrant Investor Program

600 De la Gauchètiére West, 21st Floor

Montréal, Quebec, Canada, H3B 4L3

Tel: (514) 394-6490, Fax: (514) 394-6915

E-mail: Fouad.Boustani@bnc.ca

www.nbc.ca

Scotiabank

Mr Guy Pilote, Associate Director, ScotiaMcLeod, Scotia Tower

1002 Sherbrooke Street West, Suite 2140

Montreal, Quebec, Canada H3A 3L6

Tel: (514) 350-776, Fax: (514) 350-7794

E-mail: guy_pilote@scotiamcleod.com

www.scotiabank.com/immigrantinvestor

Toronto-Dominion Bank

Mr Ramon Yu, Managing Director

Two Pacific Place, 88 Queensway, Suites 3413-3422

Hong Kong

Tel: (852) 2846-4160, Fax: (852) 2845-9191

E-mail: Ramon.Yu@td.com

www.td.com
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