I have seen these two pieces of news. It looks like there are some serious movements to expedite the speed of federal process for QIIP applicants.
Anyone with any comments?
#1
https://www.newswire.ca/news-releases/selon-une-etude-d-aviseo-le-programme-des-immigrants-investisseurs-est-tres-rentable-pour-l-economie-quebecoise-835992705.html
"We believe that it is essential to increase, as of 2020, the selection thresholds of the PIIQ that have been reduced by 50% in 2019 in order to increase the capital available to Quebec SMEs. By tabling its Bill 9 1 last spring, the government has clearly stated its intention to align the needs of Quebec businesses with the skills profile of immigrant candidates. We ask that this will be reflected in the processing of requests from the PIIQ, which is a powerful growth tool for Quebec SMEs, "said Louis Leblanc , senior vice-president of National Bank Financial.
Without counting the 2,500 families awaiting selection by Quebec, more than 5,000 families in the immigrant investor category are currently waiting for a permanent residence visa in order to settle in Quebec.
"These families awaiting admission have already contributed to Québec's prosperity through their regulatory investment. Current deadlines jeopardize the reputation of the program, "said Marc Audet , President and Chief Executive Officer of AURAY Capital, a member of Raymond Chabot Grant Thornton .
#2
https://www.lapresse.ca/actualites/politique/201908/12/01-5237110-immigration-le-milieu-de-la-finance-craint-de-perdre-dimportants-investissements.php
Among other things, they recommended granting immigrant investors a Certificate of Acceptance from Quebec so that they could settle more quickly in the province, which would encourage their retention.