Re:Chinese are big customers for schemes selling foreign res...
by Tiktaalik on Monday July 22, 2019 @05:19PM
(#20502419)
There's a bunch of articles if you google the right words, but basically in 2014 Jason Kenny cancelled the program because a Canadian government data showed that millionaires weren't really hanging around and contributing.
> According to CIC, investor immigrants reported average earnings of about $18,000 in their first year and just $28,000 after 15 years. After three years, only 47 per cent of such immigrants reported any income. The Canadian average is 67 per cent.
> Meanwhile, refugees (those who come to Canada under hardship) reported first-year average incomes of $20,000 and after 15 years those incomes rose to $30,000. Two-thirds of refugees reported income by their fifth year, on par with Canada’s average.
> After five years, only 39 per cent reported income, suggesting investor immigrants may leave the country (or declare non-residency) after the citizenship process is complete.
https://nationalpost.com/news/canada/refugees-reporting-high...
Citation?
I mean, presumably there's a citable study out there somewhere.
That immigrants in general pay in more taxes sounds plausible. That refugees are a greater net positive (taxes in minus benefits out) than investors, who are basically all wealthy enough to use minimal government services, seems like a stretch.