"Investor" means a foreign national who

1. has business experience;
2. has a legally obtained net worth of at least CDN $800,000; and
3. indicates in writing to an officer that they intend to make or have made an investment.

"Business experience", in respect of an investor, means

1. the management of a qualifying business and the control of a percentage of equity of the qualifying business for at least two years in the period beginning five years before the date of application for a permanent resident visa and ending on the day a determination is made in respect of the application, or
2. the management of at least five full-time job equivalents per year in a business for at least two years in the period beginning five years before the date of application for a permanent resident visa and ending on the day a determination is made in respect of the application.

"Full-time job equivalent" means 1,950 hours of paid employment.

"Net assets", in respect of a qualifying business or a qualifying Canadian business, means the assets of the business, minus the liabilities of the business, plus shareholder loans made to the business by a foreign national and their spouse or common-law partner.

"Net income", in respect of a qualifying business or a qualifying Canadian business means the after tax profit or loss of the business plus remuneration by the business to a foreign national and their spouse or common-law partner.

"Net worth", in respect of an investor, means

the fair market value of all of the assets of the investor and their spouse or common-law partner minus the fair market value of all of their liabilities.

"Percentage of equity" means

1. in respect of a sole proprietorship, 100 per cent of the equity of the sole proprietorship controlled by a foreign national or their spouse or common-law partner;
2. in respect of a corporation, the percentage of the issued and outstanding voting shares of the capital stock of the corporation controlled by a foreign national or their spouse or common-law partner; and
3. in respect of a partnership or joint venture, the percentage of the profit or loss of the partnership or joint venture to which the foreign national or their spouse or common-law partner is entitled.

"Qualifying business" means a business -- other than a business operated primarily for the purpose of deriving investment income such as interest, dividends or capital gains -- for which, in each of any two years in the period beginning five years before the date of application for a permanent resident visa and ending on the date a determination is made in respect of the application, there is documentary evidence of any two of the following:

1. that the percentage of equity multiplied by the number of full time job equivalents is equal to or greater than two full-time job equivalents per year;
2. that the percentage of equity multiplied by the total annual sales is equal to or greater than CDN $500,000;
3. that the percentage of equity multiplied by the net income in the year is equal to or greater than CDN $50,000; and
4. that the percentage of equity multiplied by the net assets at the end of the year is equal to or greater than CDN $125,000.