It was announced by the Conservative government on February 11th 2014 that it planned on axing the programme as part of the annual federal budget. Reasons given included the “limited” benefit economically. It was claimed that the average millionaire immigrant paid less tax than a basic care worker. Other claims referred to fraudulent consultants and rampant misuse of the system. The programme had previously been suspended for assessment but this looks to be the endgame. Through Immigration Overseas,The winding down leaves behind as many as 65,000 applicants currently in backlog. The overwhelming majority of these are Chinese nationals for whom immigration for Canada holds a special appeal.
Not everyone is taking their plight lying down. A group of wealthy Chinese investors have promised legal action towards the government. Immigration for Canada it seems is a complex procedure, even for the super rich. There have been calls from some circles for financial compensation but the public in Canada and China are unlikely to be moved by the plights of multi-millionaires.
Unsatisfied with the $2000 refund of their fees, Well Trend United Consulting, an immigration agency based in Beijing which represents some of the irate investors, continues to call for the full “transaction”
If their protests fall on deaf ears some of the investors may try somewhere else such as the US where 80% of the applicants to its EB-5 visa programme are Chinese nationals. Immigration for Canada is by no means their only option. Canada might have been the first country to initiate such a high-end investment programme but many countries have since followed suit. Canada immigration diplomat, Sergio Marchi has called the wind-down a “missed opportunity.”
Immigration for Canada is unlikely to lose its appeal and immigration to Canada will continue to value its citizenship highly. Ultimately, the issue highlights the ongoing tension between economic pragmatism and popular sentiment. The latter often resents what is perceived to be wealthy foreigners buying their way into Canada. The economic argument states that the world is a marketplace and each country must compete for the best minds and the best leadership. Immigration Overseas Demographic change and economic leverage certainly seem apt channels for an exposition on chaos theory. Indeed, the butterfly in China and the weather in New York have never been so inextricably connected.
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