With half of 2020 already resulting in an economic crisis globally, you are likely to find ways through which you can sustain your capital and make income to compensate for tough times. An excellent investment option is the Canada residency by investment program. It not only gives you a quick Canadian residency but also helps to multiply your wealth in the nation.
Canada investment visa is an investment program for HNIs and UHNIs who want to make the most of their money. Since the investment for the program starts at just CAD 200,000, that too outside the greater Toronto Area, they have more opportunities to maximize their returns.
By investing in the Canada golden visa program, you are securing the future of your family. Migrating to Canada through an express entry or other routes is a long and tedious process. Your children could miss out on opportunities, and you won’t be able to capitalize when the time is right.
Why it’s the right time to get a Canada residency by investment
You probably don’t want to move to Canada this year because of the pandemic. But soon enough, it will be over, and you and your family would explore ways to migrate. The Canada investor visa helps you to start your life in the country within 9-12 months. It is one of the fastest-growing programs for business owners, senior managers, and professionals who are looking to migrate to Canada.
Now that you know the program let’s move on to the investment. Investing money in Canada for beginners and newcomers can be tough. Temporary residence doesn’t even give you the facility to invest. Only with a Canada PR by investment, you can get a residency and become eligible to invest as a resident.
Here’s why it is the right time to invest in a Canadian residency –
The markets are down, and real estate is available at a lower rate than usual. You can buy property in Canada and get citizenship through the route of residency by investment. Getting a property in Canada is like discovering the pot of gold at the end of the rainbow.
There’s much political tension in Canada as compared to India, US and other countries. It has enabled the country to keep its economy stable. Even with a minimum investment, you will get really consistent results.
COVID-19 has declared war, and healthcare is now one of the essential aspects for everyone. Canada’s healthcare system is one of the best in the world with Universal healthcare for its residents at a much lower cost. You can apply for Canada investment immigration and become a resident to avail these healthcare benefits.
Canada is open to investor immigrants and is inviting applicants under its start-up visa program. Once you become a Canadian resident, you can quickly apply for US residency and get it without any hassle.
Canada residency by investment: Ways to multiply your wealth
Once you become a resident through a Canada investor visa, there are various options available to you for multiplication of wealth. Let’s have a look at them.
Active business investment
One of the best investments that will also get you the Canada PR by investment is an active business investment. You can invest a minimum of CAD 200,000 in an active business in the Toronto area and get a residency.
You can generate a steady flow of income from this business, which will be covered under the Canadian tax regime. You can also operate this business without staying in Canada and multiply your wealth without overseeing everyday operations.
- Tax-free savings account
Another excellent option for investing money in Canada for beginners is a Tax-free savings account. It is an indirect method of multiplying your income in Canada once you become a resident.
It is a registered savings account where investment earnings and withdrawals are tax-free. You can save for a future plan, as an emergency fund, or for retirement. You can hold cash, GICs, mutual funds, savings deposits, stocks, bonds, and ETFs under this account to save your tax.
If you have a heavy portfolio of investment, you can switch to a tax-free savings account and build your wealth gradually over the years.
- Registered retirement savings plan
If you are choosing Canada investment immigration as a Plan B after retirement for peace of mind then the registered retirement savings plan is the best investment.
Under the program, you can contribute to the retirement savings plan and save it for the time when you retire. The good thing is that it is tax-deferred until the time of retirement and is tax-deductible. You must generate an income to contribute to the plan and avail the benefits as soon as you retire.
With the Canada investor visa, a registered retirement savings plan acts in your favour as you are generating a steady flow of income from active business.
- Invest in instruments
As you will become a permanent resident with Canada golden visa program, you can invest in a lot of financial instruments available that can help you make money.
These include mutual funds, principal-protected investments, exchange-traded funds, and much more. You can route the income generated from these into the Tax-free savings account. Basically, you are saving for the future generation, and you can give them the entire wealth when they are ready.
Since it is tax-free, you don’t have to pay any income tax on these financial instruments. You can easily multiply your wealth by saving on tax and keeping all the wealth to yourself.
Conclusion: Canada residency by investment is a wealth builder program!
If you look at it this way, Canada investment immigration can support your financial needs in a way that no other program can. You become a permanent resident and enjoy the benefits of being a Canadian investor.
One good thing is that in a couple of years, you can get Canada citizenship through the residency program. It will make you eligible to gain the benefits of Canada’s pension plan and schemes for the benefit of retired people.
Canada’s booming economy has a lot to offer in terms of wealth building, and the Canada golden visa program can help you capitalize on all for that. You can contact our experts at My Global Citizenship™ and apply for the Canada residency by investment program today.