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

January 24, 2019 By Cardinal Point Wealth

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 Richie discusses the advantages and disadvantages of the EB-5 program with the Globe and Mail in this article.

Filed Under: Articles, Cross-border Transition Planning Tagged With: buy U.S. citizenship, buy your way into U.S. citizenship

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"Cardinal Point" is the brand under which the dedicated professionals within the independent Cardinal Point Group of Companies collaborate to provide financial and investment advisory, risk management, financial planning and tax services to selected clients. Cardinal Point comprises two legally separate companies: Cardinal Point Wealth Management Partners, LLC, a U.S. registered investment advisor and Cardinal Point Capital Management ULC is a U.S. registered investment advisor and a registered portfolio manager in Canada (ON, QC, MB, SK, NS, NB, AB, BC). Advisory services are only offered to clients or prospective clients where the independent Cardinal Point firms and its representatives are properly registered or exempt from registration. Each firm enters into client engagements independently. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.