In addition, most other provinces are actively considering participation in the program and we expect to have more approvals shortly. The current rules governing the approval and operation of government-administered funds continue to apply. The new regulations and interim Investor Program do not apply to the Quebec investor program. Quebec operates its own investor program under the terms of the 1991 Canada-Quebec Accord .
Immigrant investors can continue to invest in the Quebec program.
This regulation will be published in the Canada Gazette, Part II on July 10, 1996. The Minister expects the redesigned Immigrant Investor Program to be in place by July, 1997.