Guarranteed Investor residency for $120 K? true or false?

[novice]

I heard that there is a program where one can apply for residency in canada by depositing $120K in an account which Government takes but will approve residency guaranteed, is it true?

 

[Leon]

Actually it's 400,000 and the government keeps it for 5 years. That's the federal program. There are also investor programs in some provinces but then you normally have some conditions, you have to invest up to 150,000 in a local business and you have to have business experience and your PR may be conditional on the business working out.

 

[canuck]

I heard that there is a program where one can apply for residency in canada by depositing $120K in an account which Government takes but will approve residency guaranteed, is it true?

Actually it is true see the gov. requires 400k and returns the money after 5 yrs and 2 months or so but some banks step in and make this payment for u 120k (non refundable_) instead of 400k think of this as the interest on 400k that they put in on your behalf... hope this helps...

 

[shera]

how long normally is the process for a person who wants to apply for investor catagrory?

 

[BCguy]

I heard that there is a program where one can apply for residency in canada by depositing $120K in an account which Government takes but will approve residency guaranteed, is it true?

Actually it is true see the gov. requires 400k and returns the money after 5 yrs and 2 months or so but some banks step in and make this payment for u 120k (non refundable_) instead of 400k think of this as the interest on 400k that they put in on your behalf... hope this helps...

That is correct,The Quebec program and Federal Investor have this feature

 

[Albertagoverner]

I heard that there is a program where one can apply for residency in canada by depositing $120K in an account which Government takes but will approve residency guaranteed, is it true?

Actually it is true see the gov. requires 400k and returns the money after 5 yrs and 2 months or so but some banks step in and make this payment for u 120k (non refundable_) instead of 400k think of this as the interest on 400k that they put in on your behalf... hope this helps...

That is correct,The Quebec program and Federal Investor have this feature

First of All, Stop using term "Guranteed". Every decision is on CIC's sole discretion. Several Investment Class applicant also have been rejected. Nothing Guarantees Visa. There are other requirments and valuation methods as well.

 

[sue]

You have to provide 120k up froint but its not easy they check your finances deeply and will know if you have borrowed money to put in your accounts so unless you have earned the money and have proof that you have assets upto 800,000 dont even apply under this catorgy