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The trouble with this is that the cost of an individual to society may in fact exceed $250K easily, especially in a socialist country like Canada. Health care,
by potatolicious 14y ago
The trouble with this is that the cost of an individual to society may in fact exceed $250K easily, especially in a socialist country like Canada. Health care, retirement benefits, subsidization of all manners of things predicate on a lifetime of taxation - $250K would be a steal to buy into this. Otherwise you're essentially selling the cheapest retirement plan in the world.
Not to mention $250K is not a substantial amount of capital to bring into an economy. Canada has an investment-track immigration program, the sticker price is well north of $250K at this point and come with requirements for employing Canadians (citizens or PRs) as well as minimum funding and duration.
- goatforce5 14y agoI imagine people taking part in the startup visa programme will be subject to the usual health checks. When applying for Canadian PR you have to satisfy the government that you won't place "excessive demand" on existing health/social services within Canada. The figure is currently set at $30,705.00CAD over 5 years ($6,141.00CAD x 5). eg, if you have an autistic child and they require a teachers aide that costs more than $6.1k/year you won't be eligible for PR. http://www.blaney.com/articles/citizenship-and-immigration-canada-announces-excessive-demand-cost-threshold-2012 http://www.blaney.com/articles/citizenship-and-immigration-c...