If you are an international investor with the skills and abilities needed to integrate into Canadian society and contribute to our economy, you may be eligible to apply for permanent residence under the Immigrant Investor Venture Capital (IIVC) Pilot Program.
The IIVC Pilot Program will have four main selection criteria:
- making a $2 million non-guaranteed investment in the immigrant investor venture capital fund for approximately 15 years;
- having a legally obtained net worth of at least $10 million acquired through lawful, profit-making business or investment activities;
- meeting or exceeding Canadian Language Benchmark 5 in English or Niveau de compétence linguistique canadien 5 in French for all four language abilities (speaking, listening, reading, and writing), as proven by the results of a designated language test; and
- having completed a Canadian post-secondary credential of at least one year (or the foreign equivalent as validated by an Educational Credential Assessment).
The program will launch in late January 2015. In the meantime, you can determine whether you will be eligible to apply under this program by taking a designated language test and having your foreign education credential assessed by a designated organization.
Designated Language Tests
To be eligible for this program, you will need to prove that you meet or exceed Canadian Language Benchmark 5 in English or Niveau de compétence linguistique canadien 5 in French for all four language abilities (speaking, listening, reading, and writing) through the results of a language test designated by CIC.
You can take any of the following designated tests:
- CELPIP: Canadian English Language Proficiency Index Program: CELPIP has three tests. You must take the “CELPIP-General 2014” test.or
- IELTS: International English Language Testing System: IELTS has two options for the reading and writing tests.You must take the “General Training” test.or
- TEF: Test d’évaluation de français: You must take the following TEF tests: compréhension écrite, compréhension orale, expression écrite, and expression orale.
Designated Educational Credential Assessment (ECA) Organizations
To be eligible for this program, you will need to prove that you have completed a Canadian post-secondary degree, diploma or certificate of at least one year, or the foreign equivalent, as validated by an Educational Credential Assessment from an organization designated by CICFootnote1.
You can get your assessment from any of these CIC designated organizations:
- Comparative Education Service – University of Toronto School of Continuing Studies
- International Credential Assessment Service of Canada
- World Education Services