Date
19 October 2017

Canada scraps investor visa scheme, SCMP says

Canada is scrapping its controversial investor visa scheme, which has allowed wealthy individuals from Hong Kong and mainland China to immigrate since 1986, the South China Morning Post reported Wednesday. The surprise announcement by Finance Minister Jim Flaherty in his budget speech, along with the scrapping of a smaller economic migration scheme for entrepreneurs, means that more than 46,000 mainland Chinese will have their visa applications scrapped and their application fees returned, the report said.

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