Making your investment — Investors

If your application is accepted, but before a visa can be issued, you must make your required investment. The visa office will notify you when the investment is required, and in most cases, you must make the investment within 30 days of the visa office’s request. The visa office will confirm the time frame in writing and provide instructions. The visa office will not issue a permanent resident visa to you until your investment is made.

How to make your investment

Using a facilitator

Although it is not required, you may use the services of an approved facilitator to assist with the transfer of your investment to IRCC. These facilitators are financial institutions, approved by us, which are members of the Canada Deposit Insurance Corporation.

Through IRCC, the participating provinces and territories that benefit from your investment pay a commission to the facilitator you have named to help with the transfer of your investment. For a commission to be paid, you must identify the facilitator when you apply for a permanent resident visa, and this must be the facilitator that transfers your investment to IRCC.

To identify a facilitator on your application, you must include an original Investors Acknowledgment, signed by both you and the facilitator, with your initial application for a permanent resident visa.

We have set up administrative processes, so that you can use your investment as security for a loan. Your facilitator will be able to help you if you want to finance your investment.

Making your investment without a facilitator

If you do not use a facilitator, you must make your investment through an electronic funds transfer, also known as a “wire transfer.”

You must include the following information when you complete the electronic funds transfer form:

  • your first and last names;
  • your address;
  • your immigration file number, which is a 10-digit number starting with the letter B (B000000000); and
  • the location of the visa office processing your application.


Subscription Agreement

You must also sign and submit two original copies of a Subscription Agreement. This document outlines the terms of your investment and you should carefully read its contents. The subscription agreement explains the flow of your investment from the time it is paid to us, until the time it is repaid, approximately five years and three months later.

Please ensure that:

  • you enter your name and immigration file number on page 1 of the Subscription Agreement, and
  • you sign and date the agreement on page 5.

Submit your signed Subscription Agreements with a cover letter that contains the information from your electronic funds transfer to:

Immigrant Investor Program
c/o International Region
Citizenship and Immigration Canada
Jean Edmonds South Tower
365 Laurier Avenue West, 16th floor
Ottawa, ON
K1A 1L1

Once we receive the Subscription Agreement and your investment, the visa office will be notified, and will contact you with further instructions.

We will return one copy of the Subscription Agreement to you at the address you provide.

Zero-Interest Promissory Note

We will issue a debt obligation—a promissory note—outlining how your investment will be repaid.

The promissory note will be sent to you. Keep it in a safe place, as you must return the original note to obtain repayment of your investment after it matures. Make sure that you inform us of any address changes that might occur from the time of your investment until the maturity date of the promissory note. You can email a change of address to IRCC at

Withdrawing your application

If you change your mind after you make your investment and decide that you do not want to immigrate to Canada under the Immigrant Investor Program, immediately contact:

  • IRCC at the address where you submitted your Subscription Agreements; and
  • the visa office where you applied.

Your investment will be returned if your permanent resident visa has not been issued. We will refund your investment within 90 days of receipt of a signed request for refund. If your visa has been issued, the investment cannot be refunded until it matures at the end of the five-year term.

Getting a refund of your investment if your application is refused

We do not recommend making your investment until you are instructed to do so by the visa office. If you make your investment and your application is refused, you can request a refund. We will refund your investment within 90 days of receipt of a signed request for refund.

Repayment of your investment

If you made your investment through a direct transfer of funds, contact us at approximately two to three months before the maturity date shown on your promissory note. We will then provide instructions on how to claim your repayment. If you used the services of a facilitator when you made your investment, please contact the facilitator for instructions.

Note: We have 30 days from the maturity date of your promissory note to repay your investment. Before we return your investment to you, you must return the original promissory note to us along with your contact information and signature for verification purposes. There is space on the back of your promissory note to provide your address and signature. Please inform us or your facilitator of any changes in your contact information during your five-year holding period.


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