stock-market-china

Budget 2014 cancelled Canada’s investor visa.

Officials allegedly axed the visa partially due to the “flouting of residency rules by [Chinese] mainlanders,” Citizenship and Immigration Minister Chris Alexander told South China Morning Post.

However, the door’s still open to Chinese investors, Alexander added during the interview. In fact, officials are now developing a stricter visa program that’s expected to launch later this year. Read more here.

For more on foreign investment, read:

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New rules for U.S. taxpayers with mutual funds

Originally published on Advisor.ca

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