The Quebec Immigrant Investor Program and the Federal Immigrant Investor Program are nearly identical in terms of the investment criteria. In many cases, the Quebec Immigrant Investor program allows for faster processing. Because of this the vast majority of immigrant investors opt to apply under the Quebec program, rather than the federal program.

The disadvantage under the Quebec program is in terms of the risk. Applicants who obtain approval by Quebec must make their $400,000 investment right away, and then obtain approval by the federal government. This second-step federal process can take months and in some cases years. If the federal government refuses the application for medical, security, or criminal reasons, or because of an applicant's inability to establish the source of funds, the Quebec Immigrant investor whose investment was financed will lose the interest paid on the loan. In some albeit rare cases, this could add up to the full amount (approximately $125,000). Self-financed investors whose applications are refused by the federal government will also have to calculate the interest lost while their money was loaned to the Quebec government.

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