Francois is interested in making an application under the Quebec Investor Program. He has listed his assets as follows. Does he have sufficient assets to meet the minimum criteria for net worth?

$1,500,000 in property under the applicant's name

$305,000 held in term deposits under the applicant's name

$24,000 held in a current account under the applicant's name

$13,000 held in a current account under the common-law partner's name

$158,000 in stocks and bonds held in the common-law partner's name

$40,000 in an education fund held in their child's name

Select one:

a. No, as his personal net worth only equates to $1,805,000 which is not sufficient for this criteria

b. Yes, as their net worth equates to $2,000,000 Cdn needed for the program

c. Yes, as the families total net worth is $2,040,000 which exceeds the minimum for this criteria

d. No, as the allowable assets of he and his common law partner only equates to $1,842,000