Provincial Investor StreamsNet Worth RequirementsPassive Investment ModelsEconomic Development FundsPNP Nomination
While the federal Immigrant Investor Program was terminated in 2014, provincial programs continue to offer investment-based immigration pathways.
Investor Immigration
2014
Federal IIP Terminated
2M+
Typical Net Worth Req. ($CAD)
600K+
Typical Investment ($CAD)
5+
Provincial Investor Streams
Quick Answer
Is the federal Immigrant Investor Program still available?
No. The federal Immigrant Investor Program (IIP) was terminated in 2014 along with the federal Entrepreneur Program. All pending applications were returned unprocessed. Since then, investor immigration to Canada has been available primarily through provincial nominee programs and, for innovative ventures, the federal Start-Up Visa Program. There is no current federal program that provides permanent residence based solely on a passive investment.
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Your Legal Team
Lawyers and Regulated Canadian Immigration Consultants (CICC)
Work permits, permanent residence, sponsorship, refugee claims and appeals
PROGRAM LANDSCAPE
Canadian Investor Immigration Today
Canada’s investor immigration landscape changed significantly with the termination of the federal Immigrant Investor Program (IIP) and the federal Entrepreneur Program in 2014 through amendments to the Immigration and Refugee Protection Regulations. The federal IIP, which had allowed applicants to obtain permanent residence through a passive investment of $800,000 CAD in a government-administered fund, was closed due to concerns about program integrity and insufficient economic benefits. Since then, investor immigration to Canada has been channeled primarily through provincial nominee programs and the federal Start-Up Visa Program.
Several provinces continue to operate investor or business investor streams under their Provincial Nominee Programs, authorized under section 87 of the IRPR and their respective bilateral immigration agreements with the federal government. These programs generally require applicants to have significant personal net worth, make a qualifying investment in the province’s economy, and in many cases take an active role in managing a business. The specific requirements: including net worth thresholds, investment amounts, and business management obligations, vary considerably between provinces.
PROVINCIAL PROGRAMS
Provincial Investor Nominee Streams
The Manitoba Provincial Nominee Program (MPNP) Business Investor Stream invites experienced business operators with a personal net worth of at least $500,000 CAD to invest a minimum of $250,000 CAD in a business in the Winnipeg Capital Region or $150,000 CAD outside the capital region. The program requires the creation of at least one full-time job for a Canadian citizen or permanent resident. Prince Edward Island’s PNP has offered business-class streams, and New Brunswick and Nova Scotia have operated similar investor-linked programs with varying requirements and intake periods.
British Columbia’s Entrepreneur Immigration stream, while technically an entrepreneur program, involves significant investment requirements that place it in the investor category for many high-net-worth applicants. The BC PNP Base Category requires a minimum investment of $200,000 CAD and the creation of at least one new full-time job. The BC PNP Regional Pilot reduces the investment threshold to $100,000 CAD for businesses in participating regional communities. At Lexaltico LLP, we analyze each client’s financial profile, investment preferences, and settlement intentions to identify the most suitable provincial program and manage the application process from initial assessment through nomination and permanent residence.
SOURCE OF FUNDS
Net Worth Verification & Due Diligence
A critical component of any investor immigration application is demonstrating the legitimacy of the applicant’s net worth and the source of investment funds. Provincial nominee programs require detailed documentation of asset accumulation, including business ownership records, employment income histories, investment portfolios, real estate holdings, and inheritance documentation. Designated third-party assessment organizations conduct independent net worth verifications.
IRCC and provincial authorities scrutinize the source of funds closely to prevent money laundering and fraud, consistent with Canada’s obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). At Lexaltico LLP, we work with our clients, their accountants, and their financial institutions to compile comprehensive source-of-funds documentation that traces the accumulation of wealth from its origins. This typically involves gathering multi-year tax returns, audited financial statements, business valuation reports, bank records, and supporting documentation for significant transactions.
Common Questions
Frequently Asked Questions
Is the federal Immigrant Investor Program still available?
No. The federal Immigrant Investor Program (IIP) was terminated in 2014 along with the federal Entrepreneur Program. All pending applications were returned unprocessed. Since then, investor immigration to Canada has been available primarily through provincial nominee programs and, for innovative ventures, the federal Start-Up Visa Program. There is no current federal program that provides permanent residence based solely on a passive investment.
What is the minimum net worth required for investor immigration?
Net worth requirements vary by provincial program. The Manitoba PNP Business Investor Stream requires a minimum net worth of $500,000 CAD. Other provincial programs may require net worth ranging from $300,000 CAD to over $2,000,000 CAD depending on the province, the type of investment, and the business location. Net worth is verified by a designated third-party assessment organization and must be legally obtained.
Can I make a passive investment to immigrate to Canada?
Most current Canadian investor immigration programs require some degree of active participation in a business, unlike the former federal IIP which permitted purely passive investments. However, the level of management involvement varies by program. Some provincial streams require full-time active management, while others may permit a more limited management role. Your immigration counsel can assess programs that best align with your desired level of involvement.
How do I prove my source of funds for an investor immigration application?
You must provide comprehensive documentation tracing the accumulation of your net worth and the specific source of investment funds. This typically includes multi-year personal and business tax returns, audited financial statements, business ownership and valuation records, employment records, bank statements, investment account statements, real estate appraisals, and documentation for significant transactions such as property sales or business dispositions. A designated third-party assessment organization will independently verify your net worth.
Which provinces currently accept investor immigration applications?
Program availability changes periodically as provinces open and close intake windows. As of recent years, Manitoba, British Columbia, New Brunswick, and Prince Edward Island have operated investor or entrepreneur streams accepting applications from qualified investors. Ontario closed its entrepreneur stream in the June 2026 OINP redesign, so investors should consider the federal options and other provinces. We recommend consulting with legal counsel to confirm which programs are currently accepting applications, as intake periods and program criteria are subject to change.
What is the timeline for investor immigration to Canada?
The overall timeline varies significantly by province and program. A typical timeline involves 2 to 4 months for initial assessment and business plan preparation, 3 to 8 months for provincial application processing and work permit issuance, 18 to 24 months for the performance agreement period, 2 to 4 months for the nomination application, and 12 to 18 months for the federal permanent residence application. The total process from initial consultation to permanent residence is generally 3 to 5 years.
Can my family be included in an investor immigration application?
Yes. Provincial nominee programs allow applicants to include their spouse or common-law partner and dependent children in the permanent residence application once the provincial nomination is issued. During the temporary work permit stage, your spouse may be eligible for an open work permit, and dependent children may obtain study permits to attend Canadian schools.
Book My Consultation
Talk to Us About Investor Immigration
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Representative Outcomes
Cases We Have Handled
Immigration · 2026
Refugee exclusion set aside on judicial review
Mîra v Canada (Citizenship and Immigration), 2026 FC 603Federal Court · Mr. Justice McHaffie · 6 May 2026 · Docket IMM-21730-24 Our client is a Romanian expert accountant. She says she was prosecuted and convicted in her absence on corruption charges after…
Mîra v Canada (Citizenship and Immigration), 2026 FC 603 Federal Court · Mr. Justice McHaffie · 6 May 2026 · Docket IMM-21730-24
Our client is a Romanian expert accountant. She says she was prosecuted and convicted in her absence on corruption charges after refusing to alter her expert reports to suit prosecutors at Romania’s National Anticorruption Directorate. She and her partner claimed refugee protection in Canada in 2018.
How the exclusion arose
The Minister raised exclusion under Article 1F(b) in 2020, then withdrew that intervention in October 2023 after reviewing the evidence. The Refugee Protection Division went on to find our client generally credible and not excluded.
On appeal the Refugee Appeal Division raised exclusion on its own motion, gave notice, and excluded her. The Minister did not intervene. So the finding under review was one the Minister had already abandoned.
What the Court held
The application for judicial review was allowed and the decision set aside for both applicants, on two grounds.
The new evidence. The Division refused fresh evidence of corruption inside the prosecuting authority as irrelevant. The Court found it had mischaracterised the argument and had not engaged with the material at all, which included reporting that linked the prosecutor in our client’s case to indicted officials said to hold influence over prosecutors.
The exclusion finding. The Division reasoned that because Romania is a country where the rule of law prevails, a charge and conviction could be relied on. It cited Arevalo Pineda for that, but not the passages of the same decision requiring an objective assessment of all the claimant’s evidence and satisfaction that the issuing authority itself respects the rule of law. The Court held that reliance on jurisprudence stripped of its qualifying context does not meet the standard, and noted that no assessment of the issuing authority was ever carried out.
On the authority of Qazi, where a claimant alleges the charges are fabricated and has been found credible, the existence of a warrant alone is not enough. The Division had to go further and did not.
Why it was hard
Displacing an Article 1F(b) exclusion is difficult, and considerably harder when the conviction comes from a European Union member state. The presumption that a charge from such a state can be taken at face value is precisely what had to be dislodged, and it was dislodged on the record rather than on assertion.
Outcome
Judicial review allowed. The decision was set aside for both applicants and the appeal remitted to a differently constituted panel. That is the relief sought on a judicial review: the exclusion finding no longer stands and the appeal is heard again before a fresh panel.
“I had the absolute pleasure of working separately with two lawyers from Lexaltico — Pooja Lassi and Matthew Ram — on different matters. The level of professionalism, expertise, and care demonstrated by each of them was consistently exceptional. They do not simply service your needs — they take the time to thoroughly understand your situation and proactively problem-solve.”
SJR
★★★★★
“I had the absolute pleasure of working separately with two lawyers from Lexaltico — Pooja Lassi and Matthew Ram — on different matters. The level of professionalism, expertise, and care demonstrated by each of them was consistently exceptional. They do not simply service your needs — they take the time to thoroughly understand your situation and proactively problem-solve.”
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Where we refer a matter to another firm, including through LexKonnect, we comply with Rule 3.6-6.1 of the Law Society of Ontario’s Rules of Professional Conduct. Any referral fee is set out in the Law Society’s standard referral agreement, signed by you before the referral proceeds, and no fee is payable to us unless and until the receiving firm has been paid for its work. You are never obliged to accept a referral and are free to retain any firm you choose. No referral arrangement affects the independent professional judgment of any lawyer at this firm.
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Failure to commence proceedings within applicable limitation periods may permanently bar your claim. In Ontario, the general limitation period is two (2) years from discovery under the Limitations Act, 2002, S.O. 2002, c. 24, Sched. B. Seek legal advice promptly.
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Not everyone at the firm is a lawyer. Licensed paralegals in Ontario may act only within the scope permitted by the Law Society of Ontario, which does not include most family, estate or criminal matters. Immigration consulting may be provided by Regulated Canadian Immigration Consultants, who are not lawyers. Each page and each biography states which applies. Ask us at the outset who will handle your matter and under which licence.
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Lexaltico LLP
Legal Notices
How Lexaltico LLP handles personal information, under PIPEDA and Ontario law.
What we collect
What you give us
When you use a form on this site, email us or telephone us, we collect what you choose to send:
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Purpose
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Short, and written to be read rather than scrolled past.
The four things that matter most
Nothing on this site is legal advice, however specific it looks.
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Do not send confidential information before a retainer is signed.
Past results depend on their own facts and do not predict yours.
What this site is
Information, not advice
This site publishes several hundred pages about Ontario law. They are written carefully, they cite
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The difference is practical rather than technical. A page explaining that spousal support is
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Why you should not send us documents yet
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are later approached by the other side, what you sent may affect whether we can act for either of
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Results, testimonials and reviews
What they do and do not tell you
Case results described anywhere on this site are real and are described accurately, and they are
specific to their own facts. A settlement at three times the original offer happened because of
that employer, that contract and that person’s history. It says nothing about what your
matter is worth.
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Calculators on this site produce estimates from the figures you enter. They apply published
formulas and they cannot know about the facts that most often change the answer.
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Governing law
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Rules of Professional Conduct.
Every limit on what this website tells you, and every thing it does not do, in one
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Before you rely on anything here
Four limits, and they matter in this order.
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Each page states the law as at the review date shown on it. Legislation is amended and case law
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If you contact us
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If you or a child are in immediate danger, call 911.
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Using this website, submitting a form, sending an email or speaking to us on the telephone does
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retainer has been signed.
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Do not send confidential or sensitive information through this website or by email until we have
confirmed in writing that we can act for you. Information sent before that point is
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someone else, in a connected matter.
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We aim to reply within one business day. Contacting us does not guarantee a reply within any
particular period, does not oblige the firm to act, and does not stop, extend or satisfy
any limitation period, filing date or court deadline.
Our telephone line
Our line is answered 24 hours a day, every day of the year. Outside office hours calls are taken
by our intake service, who record your details and pass them to the firm. A lawyer responds during
the next business day, or sooner if the matter is urgent. Answering the telephone is not the same
as giving legal advice, and no relationship arises from that call.
Who we are and how we are regulated
Law Society of Ontario
Lexaltico LLP is regulated by the Law Society of Ontario under the
Law Society Act, R.S.O. 1990, c. L.8. All lawyers practising in
Ontario through the firm are members in good standing.
Law Society of Alberta
Alberta matters are handled by lawyers licensed with, and in good standing with, the
Law Society of Alberta. A lawyer licensed in Ontario is not thereby licensed in
Alberta, and the reverse is also true.
Immigration regulation
Immigration consulting is provided by Regulated Canadian Immigration Consultants
in good standing with the College of Immigration and Citizenship Consultants under the
College of Immigration and Citizenship Consultants Act, S.C. 2019, c. 29,
s. 292.
Lawyers, paralegals and consultants
Not everyone at the firm is a lawyer.
Licensed paralegals in Ontario may act only within the scope the Law Society
permits, which does not include most family, estate or criminal matters.
Immigration consultants are regulated by the College, not by a law society,
and are not lawyers.
Law clerks and managers support files but do not give legal advice.
Each page and biography states which applies. Ask at the outset who will handle your matter and
under which licence.
Languages
We serve clients in thirteen languages. Every page of this website is written and published in
English. Where anything is provided in another language, the English
version governs in the event of a difference. If you need an interpreter, tell us when
you book and we will arrange one.
Fees
The initial assessment
The complimentary 15 minute initial assessment is a brief introductory
conversation. It does not include a review of your documents and does not constitute
legal advice.
The firm charges a fee for substantive consultations, including in civil litigation,
criminal defence and immigration matters. The firm may waive that fee at its discretion.
Any fee is disclosed in advance and credited in full toward your account if you retain the
firm.
Referral fees
Where we refer a matter to another firm, including through LexKonnect, we comply with Rule 3.6-6.1 of the Law Society of Ontario’s Rules of Professional Conduct. Any referral fee is set out in the Law Society’s standard referral agreement, signed by you before the referral proceeds, and no fee is payable to us unless and until the receiving firm has been paid for its work. You are never obliged to accept a referral and are free to retain any firm you choose. No referral arrangement affects the independent professional judgment of any lawyer at this firm.
What is published on this site
Calculators and estimators
They produce estimates from what you type and cannot know the rest. They do not
account for the terms of your contract, statutory exceptions, or the discretion a court will
apply. Do not make a decision on a number produced by a calculator.
Past results
Any outcome described happened on its own facts, before its own decision maker,
under the law as it stood at the time. Past results do not predict or guarantee the result of any
other case.
Reviews and testimonials
Reviews shown here are written by third parties and published on platforms we do not control. Each
describes one person’s experience of one matter. They are not a promise, a
prediction or a guarantee about any other matter.
Links to other websites
This site links to regulators, courts, government sources, professional associations and social
platforms, all operated by others. We do not control them, we are not responsible for
their content or accuracy, and a link is not an endorsement.
Other notices
Limitation periods
Failure to start a proceeding within the applicable limitation period may permanently bar
your claim. In Ontario the general period is two years from discovery
under the Limitations Act, 2002, S.O. 2002, c. 24, Sched. B.
Shorter periods apply to many claims. Seek advice promptly. Nothing on this website extends a
limitation period.
Accessibility
We aim to meet the Accessibility for Ontarians with Disabilities Act
and WCAG 2.1 Level AA. If any part of this site prevents you from reaching us, telephone
+1 416 333 6200 or write to
hello@lexaltico.com and we will provide the information
in another format, at no charge.
