For US citizens, Canada presents an attractive quality of life with universal healthcare, a stable political climate, a strong economy, and enhanced safety. Currently, over one million US citizens are living in Canada, with an increasing number of citizens considering their immigration options.
In this article, we explore pathways to Canada citizenship by investment for US citizens as a key option for immigrating to Canada and gaining a second passport. We’ll cover:
- Is there a direct Canada citizenship by investment program for US citizens?
- The benefits of Canadian citizenship for US nationals
- Pathways to Canada citizenship by investment for US citizens
- Key considerations for US nationals
Canada doesn’t offer a direct Canada citizenship by investment program for US citizens like some other countries. However, it does have pathways to permanent residency and ultimately citizenship through various business and investment-based immigration programs.
These programs are designed to benefit the Canadian economy and require applicants to make an investment in Canada, either through business ventures or a financial contribution.
- Global mobility: A Canadian passport gives you access to 177 Canada visa-free countries, which is excellent for visa free travel or business. Canada also borders the US, allowing ease of travel.
- High quality of life: Citizens enjoy well-paid jobs, good pensions, and a prosperous future, with major cities like Vancouver ranking highly on livability indices.
- World-class healthcare: Healthcare in the United States is almost twice as expensive as in Canada. The Canadian government provides extensive healthcare coverage for citizens and permanent residents.
- Advanced education system: According to our Global Education Report, Canada is among the top five best countries for higher education. Citizens have access to renowned schools for themselves and their family members.
- Family inclusion: Canada’s immigration programs allow for certain family members, such as spouses and children, to be included in the application.
- Dual citizenship: The United States and Canada both allow dual citizenship. This means that US nationals can hold citizenship in Canada without renouncing their US citizenship. Dual citizenship Canada increases mobility, job security, and economic opportunity.
Canada doesn’t have a program where you can simply buy citizenship by making a one-time investment. Instead, they offer pathways to citizenship through permanent residency programs.
The permanent residence pathways to Canada citizenship by investment include the Startup Visa program and the Québec Immigration Investor Program. Through these permanent residency programs, you can still become a Canadian citizen by investing in the country’s economy.
Canada Startup Visa Program
What is the minimum investment for the Startup Visa?
The Canada Startup Visa doesn’t require applicants to invest their own money. Instead, they must secure funding or support from a designated organization, with the amount depending on the type of organization.
- A minimum investment amount of at least CAD $200,000 is required if a venture capital fund is backing the startup business.
- A minimum investment amount of CAD $75,000 is required if the support comes from an angel investor group.
- If the support comes from a Canadian business incubator, a capital investment is not required. Innovative entrepreneurs only need to ensure they are accepted into the business incubator program.
Quebec Immigrant Investor Program
- Have at least two years of management experience, acquired within five years before submitting your application.
- Have a net worth of at least CAD $2,000,000
- Have a qualification equivalent to a secondary school diploma in Quebec
- Be proficient in spoken French at least to a level 7 according to Quebec’s French proficiency scale.
What is the minimum investment for the Quebec Immigrant Investor Program?
The Quebec Immigrant Investor program requires the following minimum investment:
- A five-year investment of CAD $1,000,000 (interest-free), guaranteed by the government of Québec
- A non-refundable financial contribution of CAD $200,000 to Investissement Québec
Successful applicants can gain permanent residency through these programs, bring family members to Canada, and later apply for citizenship after maintaining their residency status for the required period.
- Residency requirement: You must physically reside in Canada for at least 1,095 days (three years) within the five years immediately before submitting your citizenship application.
- Language proficiency: You need to show proof of integrating into Canadian society through a language proficiency of level 4 or more based on the Canadian Language Benchmarks (CLB). Citizens often use English or French, the two official languages.
- Pass a citizenship test: The test covers the rights and responsibilities of Canadian citizens, as well as Canada’s history, geography, economy, government, laws, and symbols.
Due to recent Canadian citizenship by investment changes and growing global demand, it’s important to carefully review all key details before committing your time and money. It’s also important to do your research to avoid costly mistakes and delays.
Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwide acquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments.
We guide you from start to finish, taking you beyond your citizenship or residency by investment application.