What are the major changes in the Redesigned IIP (Immigrant Investor Program) as of April 1, 1999?
• Investment is increased to $400,000 Canadian dollars for all investors; • Investor’s minimum net worth increased to $800,000 Canadian dollars; • Investor’s $400,000 is fully guaranteed; • All investors in the Quebec program must intend to settle in Quebec and be selected by Quebec to be eligible for an immigrant visa.