Investor-pilot intake switched from random selection to first complete applications

Policy effect

From May 25, 2015, the Immigrant Investor Venture Capital intake put the first 60 complete applications into processing, including complete applications from earlier intake periods, and retained up to 60 additional initially complete applications on a waiting list. This replaced the preceding intake process of random selection from up to 500 submissions. Intake would close once 60 permanent-resident visas or approvals were issued, once 60 complete applications were in processing and 60 were on the waiting list, or on December 30, 2015. Class eligibility and admissibility requirements continued to apply.

Conditions and exceptions

Validated condition or limit: From May 25, 2015, the Immigrant Investor Venture Capital intake put the first 60 complete applications into processing, including complete applications from earlier intake periods, and retained up to 60 additional initially complete applications on a waiting list.; This replaced the preceding intake process of random selection from up to 500 submissions.; Class eligibility and admissibility requirements continued to apply.

Official source excerpt

Quoted verbatim from the official source below. Ellipses indicate omitted text.

… teness check will be required to submit additional supporting documentation, including a due diligence report from a designated service provider, within the deadline specified by the designated CIC office. Only applications that meet the second stage completeness check requirements will be considered complete applications and eligible for processing. CIC will accept permanent resident applications received under the Immigrant Investor Venture Capital Class starting on May 25, 2015. The first 60 complete applications received (including complete applications received in previous intake periods) … will be put into processing. In addition, CIC will retain a waiting list of up to 60 additional applications which meet the requirements of the initial completeness check. These applications may be put into processing if they are required to arrive at the target of up to 60 permanent resident visas/approvals issued under this class. Intake will remain open under the Immigrant Investor Venture Capital Class until one of the following: Sixty permanent resident visas/approvals are issued under this class; Sixty complete applications have been received and put into processing and 60 applications … that meet the initial completeness check requirements have been retained on the waiting list; or December 30, 2015. In all cases, applicants meeting the criteria set out in the Ministerial Instructions are still subject to the Immigrant Investor Venture Capital Class requirements and all other applicable requirements of the IRPA. The Instructions will remain in place unless otherwise indicated in future Ministerial Instructions. No humanitarian and compassionate requests to overcome requirements of Ministerial Instructions Requests made on the basis of humanitarian and compassionate grounds fr … are directed to officers and the Minister's delegates who are charged with handling and/or reviewing applications for permanent residence under the Immigrant Investor Venture Capital Class. The Instructions come into force on May 25, 2015, and apply to applications received by designated Citizenship and Immigration Canada (CIC) offices on or after May 25, 2015. Any categories for which Instructions are not specifically issued shall continue to be processed in the usual manner, as per processing priorities established by the Department. These Instructions are intended to support a broader stra … ric of Canadian society; to support the development of a strong and prosperous Canadian economy; and to protect public health and safety and to maintain the security of Canadian society. The Instructions are compliant with the Canadian Charter of Rights and Freedoms. The Instructions respect all previously established accords and agreements, including the Canada-Quebec Accord, and all existing agreements with provinces and territories. Intake of permanent resident applications under the Immigrant Investor Venture Capital Class In order to be considered a complete application under the Immigran …

Review method

Two separate automated exact-claim source reviews

Other Canada changes operative in 2015

• 2015-01-01Ministerial Instructions Respecting the Express Entry System
• 2015-01-28Immigrant Investor Venture Capital economic immigration class established
• 2015-02-21Employer compliance fee and direct job-offer submission introduced for LMIA-exempt employer-specific work permits
• 2015-02-21Separate open work permit privilege fee introduced
• 2015-06-10Prohibition of Non-Physically Present (Proxy, Telephone, Internet) Marriages and Raising Minimum Spousal Age
• 2015-06-10Regulations Amending the Immigration and Refugee Protection Regulations (SOR/2015-138)
• 2015-06-11Order Fixing June 11, 2015 as the Day on which Certain Provisions of the Act Come into Force
• 2015-06-11Social insurance number collection and sharing authorised for citizenship eligibility verification
• 2015-08-01Regulations Amending the Immigration and Refugee Protection Regulations (SOR/2015-77)
• 2015-12-01Regulations Amending the Immigration and Refugee Protection Regulations (Administrative Monetary Penalties and Ineligibility System for Employers)
• 2015-12-19Ebola-related visa-processing ministerial instructions repealed