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Terry Ritchie in “Yes, you can buy your way into U.S. citizenship”

For Canadians looking to move to the U.S. permanently, one increasingly popular option is the EB-5 Immigrant Investor Program. This program, created by Congress in 1990, is known as the “million dollar green card” and offers a green card and a path to citizenship for an investment of between $500,000 and $1 million USD. Conditions apply, though. You must invest in a new commercial business that creates at least 10 full time jobs, the U.S. must be your country of principle residence, and in many cases, you must live near the business you’ve invested in and take an active role in its management. You’ll also have the U.S. government digging around in your personal finances and spend a substantial amount on administrative and legal fees. Cardinal Point Capital Management’s Terry Ritchie discusses the advantages and disadvantages of the EB-5 program with the Globe and Mail in this article.

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