December 22, 2014 – The Government of Canada has announced that it will grant Permanent Residency to approximately 50 Immigrant Investors as part of its Immigrant Investor Venture Capital Pilot Program. This pilot program replaces the now-defunct Federal Immigrant Investor Program. That program, widely criticized as a “cash for citizenship” program, was put on hold in 2012 and cancelled in early 2014 over fraud concerns.
