Evidence of meeting #8 for Citizenship and Immigration in the 41st Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was applications.
A recording is available from Parliament.
1 p.m.
Director and Business Head, Global Investor Immigration Services, HSBC Trust Company
That's exactly right.
1 p.m.
Liberal
Sean Casey Liberal Charlottetown, PE
I'll try to spit it out, Mr. Chairman. Thank you.
So through that stream, when an application comes in, you're obligated to process it right away. Would that be right?
1 p.m.
Director and Business Head, Global Investor Immigration Services, HSBC Trust Company
Yes.
1 p.m.
Liberal
Sean Casey Liberal Charlottetown, PE
Could we stem the tide a bit by attaching a substantial application fee to these immigrant investor applications?
1 p.m.
Director and Business Head, Global Investor Immigration Services, HSBC Trust Company
I think that would be a very good idea.
1 p.m.
Director and Business Head, Global Investor Immigration Services, HSBC Trust Company
Five per cent of the investment amount would be right.
1 p.m.
NDP
The Vice-Chair NDP Don Davies
Thank you very much, committee.
Mr. Casey, you asked excellent questions for someone stepping into your job.
1 p.m.
NDP
The Vice-Chair NDP Don Davies
On behalf of the committee, I'd like to thank the witnesses for appearing today, and in particular for their patience with the interruptions that we had to experience today. Their testimony is very helpful.
The meeting is adjourned.