Nikolai is an industrialist from Moscow who has an accumulated net worth of over $300 million Canadian. He has documentation to show that he has worked as a manager of his company for the last 10 years and has a staff of more than 25 full-time employees. He holds 50% equity in his company; the other 50% is held by a silent partner.

His business financial statements do not uphold how he may have acquired his wealth through his business endeavours or salary. In fact, the business has been showing a loss for the past five years and he has not been drawing a salary from the venture. He cannot substantiate how he accumulated his net worth through his own business endeavours. Both his English and French abilities are poor.

Nikolai is willing to make an investment of $1,200,000 Canadian through a Financial Intermediary as approved by the MICC.

Would you encourage Nikolai to make an application under the Quebec Investor program?

Select one:

a.

I would discourage him from applying to the Quebec program as his French is poor.

b.

I would encourage him to apply to the Quebec program as he can provide evidence that he is a senior manager and has at least two employees under his direct supervision.

c.

I would advise him he could qualify as he is willing to make an investment through an approved financial intermediary.

d.

I would discourage him from making application to this program as he cannot prove that he acquired his net worth through legal means