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Comparison Chart of Business Class Category Investor, Entrepreneur & Self Employed



The differences stated below between the Federal and Quebec programs will and has affected the choices made by applicants in a number of ways:

Business Class Differences between Federal & Quebec Programs

Federal Program

Quebec Program

Federal Investor Quebec Investor
Personal net worth of $1,600,000 CAD Personal net worth of $1,600,000 CAD
Investment of $800,000 CAD Investment of $800,000 CAD
Applicant can land in any part of Canada Applicant must land in the Province of Quebec
Applicants may state a desire to live anywhere in Canada except Quebec. State an intention to settle in Quebec
Investment is government guaranteed and proceeds are allocated to the Provinces excluding Quebec. Investment is guaranteed by the Province of Quebec and proceeds are allocated to Province of Quebec
Applicants can finance the bulk of their investment through designated banking institutions. Quebec designates securities brokerage firms and investment banks to finance the investment rather than banks.
The Canadian government guarantees repayment of the bank loan not the investor’s down payment. Quebec government guarantees repayment
The five-year investment period begins following visa issuance The 5 year investment period begins following Quebec approval, even before the investor comes to Canada
Two years of suitable management or business experience Three years of suitable management experience
  Professionals such as doctors, dentists, accountants and lawyers do not qualify as having management experience
Less popular than the Quebec program because they process the applications a bit slower exceeding over 2.5 years Quebec program more popular than the Federal program because they process the applications much faster in 18 months or less
Obtain a minimum of 35 points out of 100 in the modified selection grid  
Less incentive compared to Quebec Pay brokers higher commissions
   
Federal Entrepreneur Quebec Entrepreneur
Personal net worth of $300,000 CAD Personal net worth of $300,000 CAD
Two years of suitable business experience Three years of management experience in agricultural, industrial or commercial enterprise
Applicants who do not own and operate a business cannot qualify. Applicants with high-level management experience can qualify without owning
Create one full time job Employ three full-time residents of Quebec
Outline of Business Plan of venture required showing an understanding of market and economic conditions in Canada Applicants should defend a business plan that outlines the feasibility and relevancy of the project to Quebec.
If Exploratory visit to Canada is undertaken points may be awarded Selection interview is preceded by a preliminary market visit to Quebec by the applicant.
Mandatory terms and conditions imposed Mandatory terms and conditions imposed
Processing delays exceeds 2.5 years Processing times of 18-24 months to visa issuance.
   
Federal Self-Employed Quebec Self-Employed
Two years of experience Two years of applicable experience
No minimum Net worth specified Possess a personal net worth of $100,000
Create self employment in athletics, cultural or farming activities Create own employment by practicing a profession
Obtain a minimum of 35 points out of 100 in the modified selection grid Applicants assessed under a different point system where they have to obtain 50 points if unmarried and 58 for married persons

The differences between the Federal and Quebec programs has affected the choices made by applicants in the following ways:

Investor Category:
  • The Quebec immigration program offers significantly faster processing times and other benefits compared to the processing delays in the Federal program. Hence, majority of applicants use the Quebec program.
  • In the Federal program applicants can finance the bulk of their investment through designated banking institutions while Quebec designates securities brokerage firms and investment banks to finance the investment rather than banks.
  • In the Federal program the five-year investment period begins following visa issuance while the five year investment period begins following Quebec approval, even before the investor comes to Canada
Entrepreneur Category:
  • In the Federal program applicants who do not own and operate a business cannot qualify while applicants with high-level management experience can qualify in Quebec
  • Applicants need two years of suitable business experience in the Federal program while the Quebec program requires three years of management experience in agricultural, industrial or commercial enterprise.
  • In the Federal program processing delays exceeds 2.5 years while in Quebec it takes 18-24 months to visa issuance.
Self-Employed Category:
  • In the Federal program an applicant has to create self employment in athletics, cultural or farming activities while under the Quebec program has to create own employment by practicing an occupation under his/her account
  • In the Federal program applicant has to obtain a minimum of 35 points out of 100 while under the Quebec program applicants are assessed under a different point system where they have to obtain 50 points if unmarried and 58 for married persons

In a nutshell the differences between the federal and Quebec programs has affected the choices made by applicants in a number of ways. The most important being that the Quebec immigration program offers significantly faster processing times and other benefits compared to the processing delays in the Federal program. Hence, majority of applicants use the Quebec program.

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