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Definitions

Accompanying Family Member


Is a spouse, common-law partner or dependent child of the principal applicant who intends to obtain permanent resident status in Canada.  Accompanying family members can travel separately from the principal applicant but must not arrive in Canada before the principal applicant.

Active and On-Going Management


Is the participation by the applicant in the day-to-day operations and decision making of the business while assuming a managerial role.  The managerial role requires direct involvement in major decision making, human resources, finance, accounting, sales, marketing, purchasing etc. and any other related activities deemed necessary for the business’ viability.

The following are some examples (not exhaustive) of what does not constitute active and on-going management:
  • Managing either their own or others’ real estate ventures, bonds, securities or other instruments  primarily to derive interest, dividends, capital gains etc.
  • Managerial positions that require prolonged absenteeism or indefinite travel from the physical business, whereby the applicant cannot continually cause action or change in the operation of the business and which casts doubt that the individual is managing a business from within the Province.
  • Primary role is to serve as an angel investor or find angel investors.
  • Engaging in work which is not-for-profit
  • Engaging in work which is considered fund raising
  • Hiring or appointing someone to act on the applicant’s behalf in the business
  • Holding the title of director or senior manager without having the level of authority and responsibility to initiate business activity.

Agent/Pay For Fee Representative


An individual or firm that represents and advises the applicant on immigration or refugee matters while collecting a fee for this service.  If an applicant chooses to use a pay for fee representative/agent, the applicant must use an pay for fee representative/agent approved by the Office of Immigration.  The pay for fee representative/agent will be listed on the federal form, IMM 5476, Use of a Representative. 
 

Applicant


Foreign national who applies to the PEI PNP.

Associated Companies


As defined by section 256 of the Income Tax Act.

Canadian Citizen


A person who is Canadian by birth or who has applied for citizenship through Immigration, Refugees and Citizenship Canada (IRCC) and has received a Citizenship Certificate.

Certified Appraiser


An appraiser certified as a member of the Appraisal Institute of Canada.

Close Relative


A close relative is defined as a aunt/uncle, niece/nephew, grandchild or first cousin.

Consulate General


Canadian government office located in a major city that is not a capital city. Most consulate generals provide a full range of services, including consular services.

Consulate


Canadian government office located in a major city that is not a capital city. Most consulates do not provide a full range of consular services.

Immigration, Refugees and Citizenship Canada (IRCC)


Immigration, Refugees and Citizenship Canada (IRCC) is the federal department responsible for immigration, settlement, resettlement, citizenship and multiculturalism programs and services. IRCC has over 4,000 employees working in 46 points of services in Canada and 90 points of service in 76 countries. IRCC's mandate, mission and vision.

Common-Law Partner


A person who is living in a conjugal relationship (relationship similar to marriage) with another person, either of the same sex or opposite sex, who has done so far for a period of a least one year.

Dependent Children


Daughters and sons, including children adopted before the age of 18, who:
  • are less than 19 years of age and is not a spouse or common-law partner; or
  • are 19 years of age or older and has depended substantially on the financial support of the parent since before the age of 19 and is unable to be financially self-supporting due to a physical or mental condition. Please refer to IRCC.

Embassy


Canadian government office located in the capital city of another country.  Provides a full range of services, including consular services.

Equity


The issued and outstanding voting shares of the capital stock of the corporation.  Under the Business Impact Category, each applicant must obtain and control at least 33 1/3% of these voting shares unless they are investing $ 1,000,000 or more.

Foreign National


Is a person who is not a Canadian citizen or a permanent resident, and includes a stateless person.


Foreign Worker


Foreign workers are temporary residents who are in Canada principally to work in the observed calendar year. Foreign workers have been issued a document that allows them to work in Canada. Foreign workers exclude temporary residents who have been issued a work permit but who entered Canada mainly for reasons other than work.

Full-Time Job Equivalent


Defined as a minimum average of 37.5 hours per week, with no week less than 30 hours over a period of at least six (6) months.

High Commission


Canadian government office located in the capital city of a Commonwealth country. Provides a full range of services, including consular services.

Hobby Farm


A farm where the operator does not rely on farming to provide the bulk of their income or to be the centre of their work routine.

Immediate Relative


An immediate relative is defined as a son/daughter, sister/brother, stepsister/stepbrother, sister-in-law/brother-in-law.

Immigration Consultants of Canada Regulatory Council (ICCRC)


A not-for-profit, self-regulatory body created to protect the consumers of immigration consulting services while ensuring the education, competency testing and discipline of its members. For more information visit http://www.iccrc-crcic.ca/


Immigration and Refugee Protection Act (IRPA)


An Act respecting immigration to Canada and the granting of refugee protection to persons who are displaced, persecuted or in danger.  For more details visit http://laws.justice.gc.ca/eng/I-2.5/index.html

Immigration Services


Is the old business/marketing name for Island Investment Development Inc. prior to April 1, 2013.


Island Investment Development Inc. (IIDI)


Island Investment Development Inc. is a crown corporation under the Ministry of Economic Development and Tourism. Specifically, IIDI administers the Island Funds, the Prince Edward Island Century 2000 Fund through the Federal Government's Immigrant Investor Program and is responsible for the delivery of the Prince Edward Island Provincial Nominee Program.

Liquid Assets


Cash, demand deposits (with a financial institution), term deposits, tax shelters convertible to cash, and readily marketable investments including publicly traded stocks or bonds.

Non Accompanying Family Members


Are spouses, common-law partners or dependent children that the applicant intends to not include in the application for permanent residence to Canada.  Non Accompanying Family Members must meet immigration requirements in their own right if they wish to join you in Canada at a later date.

Net Assets


Assets minus liabilities plus shareholder loans from the applicant and their spouse or common-law partner.

Net Income


After tax profit or loss plus remuneration to the applicant and their spouse or common-law partner.

Net Worth


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

Nominee


Is a foreign national who has been selected for nomination by the PEI PNP.

Nominate


Term used by the Office of Immigration to select individuals for nomination under the PEI PNP to Immigration, Refugees and Citizenship Canada (IRCC) for permanent resident status.

Nationality


Nationality is a legal bond between a state and an individual.


Office of Immigration


Is the new business/marketing name for Island Investment Development Inc. changed April 1, 2013.

Pay for Fee Representative/Agent


An individual or firm that represents and advises the applicant on immigration or refugee matters while collecting a fee for this service.  If an applicant chooses to use a pay for fee representative/agent, the applicant must use a pay for fee representative/agent approved by Office of Immigration.  The pay for fee representative/agent will be listed on the federal form, IMM 5476, Use of a Representative.

Pensions and Insurance Money


Funds held by a third party are not accepted unless clear unequivocal evidence is provided to indicate the specific amount of money is available to the applicant in a cashable form on a specific date, in a written statement from the agency or company holding the funds.

Permanent Resident


Permanent Resident in Canada is someone who is legally in Canada, but who is not a Canadian citizen but has been granted permission to live and work in Canada without any time limit on his or her stay. A permanent resident must live in Canada for two years out of every five or risk losing that status.

A Permanent Resident holds many of the same rights and responsibilities as a Canadian citizen, among others the right to work. Primary differences include; residents cannot vote in federal, provincial or municipal elections in Canada, run for elected office or hold Canadian passports. They also cannot join Canada's armed forces, and lastly any convictions related to serious crimes while in Canada will bring the risk of immediate deportation.

In general, permanent residents may apply for Canadian citizenship after they have lived in Canada for at least three out of the four years preceding application for Canadian citizenship.

Permanent Resident Card


The Permanent Resident Card is the official proof of your permanent resident status in Canada. It is a wallet size plastic card that is valid for 1 or 5 years.  The Permanent Resident Card is a secure, machine-readable and fraud-resistant document and is issued by Immigration, Refugees and Citizenship Canada (IRCC).

Permanent Resident Visa


A permanent resident visa is an official document issued by Immigration, Refugees and Citizenship Canada (IRCC) visa or immigration office. It is placed in your passport to show that you have met the requirements for admission to Canada as a permanent resident.

Prince Edward Island Provincial Nominee Program (PEI PNP)


Is an immigration selection program that allows Prince Edward Island to recommend foreign nationals by nominating them for permanent resident status to Immigration, Refugees and Citizenship Canada (IRCC).  The foreign national uses the nomination to apply to IRCC for permanent residence under the PEI PNP.

Provincial Nominee


Is a foreign national who has been selected for nomination by the PEI PNP.

Related Companies


Any corporations or persons as defined by section 251 of the Income Tax Act

Removal Order


A departure order, an exclusion order or a deportation order.

Spouse


A person of the opposite or same sex who is 18 years of age or older and to whom the applicant is legally married.


Study Permit


An official document issued by Immigration, Refugees and Citizenship Canada (IRCC) visa or immigration office authorizing a foreign national to study in Canada.

Temporary Foreign Worker


Foreign workers are temporary residents who are in Canada principally to work. Foreign workers have been issued a document that allows them to work in Canada. Foreign workers exclude temporary residents who have been issued a work permit but who entered Canada mainly for reasons other than work.

Temporary Resident


A person authorized to enter and remain in Canada on a temporary basis as a visitor, student, or worker or as a holder of a temporary resident permit.

Temporary Resident Visa


A temporary resident visa is an official document issued by Immigration, Refugees and Citizenship Canada (IRCC) visa or immigration office. It is placed in your passport to show that you have met the requirements for admission to Canada as a temporary resident.

Temporary Resident Permit


An official document issued by Immigration, Refugees and Citizenship Canada (IRCC) visa or immigration office to an inadmissible person to permit them to enter Canada as a temporary resident.

Visa Office


A Canadian immigration office outside Canada located at a Canadian Embassy, High Commission or Consulate that makes a determination on the issuance of visas, including temporary resident visas, permanent resident visas, study permits and temporary work permits.

Work Permit


An official document issued by Immigration, Refugees and Citizenship Canada (IRCC) visa or immigration office authorizing a foreign national to work in Canada.
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