Québec’s Ministry of Immigration today dashed hopes that the province’s popular Immigrant Investor Program (QIIP) might reopen next month, as originally planned. Instead, Minister Nadine Girault today announced in a statement that the program would not reopen until April 1st 2023.
Today’s extension of the program moratorium is the third such in 16 months. Originally suspended in November 2019 – reportedly to “allow time for the program to be reviewed” – the government prolonged the suspension a second time in May last year, citing “low retention rates in Québec” as a chief cause of concern.
The two-year suspension announced today would allow the ministry to “finalize the current revision work, in order to implement a renewed program that better corresponds to the government’s objectives in terms of integration and francization of immigrants,” said the statement, according to Canada Immigration News.