Saskatchewan to invest C$6.3 million on comprehensive immigration strategy

CIC News
Published: May 1, 2006

The Province wants to attract more immigrants by allowing economic immigrants to establish businesses in all sectors of the provincial economy.

Effective May 18, 2006 immigrants will no longer be limited to certain economic sectors such as agriculture, and energy. The province will invest an additional C$4.6 million from their previous 2004/2005 budget to persuade more immigrants to move to Saskatchewan. The new initiative is expected to bring an additional 100 to 200 business immigrants yearly to the province.

"This new program will make it easier for immigrant entrepreneurs to establish businesses here while helping our economy to expand", said Pat Atkinson, Saskatchewan's minister responsible for immigration. The province has outlined key pre-requisites which entrepreneur immigrants must meet in order to be eligible under Saskatchewan's amended Provincial Nominee Program (PNP) that include:
a) A personal net worth of at least C$250,000
b) An investment of at least C$150,000 into a viable business within two years of landing.
c) An active role in business operations.
d) A minimum of one-third ownership in the business; exceptions may apply to investments which exceed C$500,000
e) A C$75,000 "good faith" deposit to secure your intention to remain and work in Saskatchewan.

The Government of Saskatchewan expects this new program to bring in an additional 5,000 immigrants every year by 2008.

Share this article
Share your voice
Did you find this article helpful?
Thank you for your feedback.
Subscribe to our newsletter
Did you find this article helpful?
Please provide a response
Thank you for your helpful feedback
Please contact us if you would like to share additional feedback, have a question, or would like Canadian immigration assistance.
  • Do you need Canadian immigration assistance? Contact the Contact Cohen Immigration Law firm by completing our form
  • Send us your feedback or your non-legal assistance questions by emailing us at media@canadavisa.com
Top Stories
Can I travel outside of Canada as a temporary resident?
Ontario announces distribution of allocation for international study permits in 2024
Canada to introduce a Renters Bill of Rights
Join our free newsletter. Get Canada's top immigration stories delivered to your inbox.
Subscribe
More in Canada
Can I travel outside of Canada as a temporary resident?
male traveler taking selfie portrait on the hill with mount assiniboine in national park at BC, Canada
Canada to introduce a Renters Bill of Rights
Clearing up three common misconceptions about immigrating to Canada
Debunking common myths about immigrating to Canada.
IRCC issues ITAs to Express Entry candidates in second draw this week
IRCC has held another round of invitations for Express Entry candidates
Link copied to clipboard