Since 2008, the Canadian federal and provincial governments have had programs in place to make it easier for individuals working or studying in Canada to obtain Canadian permanent residency. The governments recognize that individuals currently living in Canada, contributing to Canadian society and to the economy are likely to be successful Canadian permanent residents. There are four categories under which a person working or studying in Canada can qualify for a Canadian permanent resident visa.
Archives for April 2010
A report on business optimism by Canada’s central bank earlier this month found that businesses are expressing confidence in the Canadian economy and expect it grow over the next few years. In addition, a survey of the housing market by ReMax Canada reports that sales of luxury homes in Canada are currently at an all-time high due in large part to improved economic performance and an increase in personal wealth. Positive reports such as the above are being released regularly in recent months, demonstrating not only that the Canadian economy has been resilient in the face of the global economic downturn, but also that Canada is a top country in which to invest or start a business.
The first study, called the Business Outlook Survey, was conducted by the Bank of Canada and is a quarterly review of Canadian executives’ general feeling on the economy and their predictions for interest rates and inflation.
The second report is a study by Canada’s top real estate organization, ReMax, regarding upper end housing in 13 Canadian regions. ReMax found that, not only has the upper end housing market bounced back from recent years, but it has shattered all existing records for luxury home sales in Canada.
Given the positive direction that the Canadian economy is headed in, this is an ideal time for individuals who have considered investing in Canada or starting a Canadian business to get started. Not only would they be taking advantage of the stability and security of Canada’s economy, but they may also be eligible for a number of Canadian Business Immigration programs.
Requirements for Canada’s Business Immigration programs vary depending on whether the applicants are interested in moving to the province of Quebec or elsewhere in Canada, and whether they wish to simply make an investment or start up a business:
- Investor programs: For both the Federal and Quebec programs, applicants must have legally acquired a minimum net worth of CAD $800,000. In addition, applicants under both programs must agree to make a government guaranteed investment CAD$400,000, which can be financed. Five years after the investment is made, this sum is returned to the applicant, without interest. In addition, the applicants under both programs must show at least two years of qualifying business experience in the last five years.
- Entrepreneur programs: To immigrate to Canada under the federal Entrepreneur program, an applicant must have accumulated a minimum net worth of CAD $300,000 and at least two years of business experience (defined as ownership and management of a qualifying business) within the five years prior to the date of application. The province of Quebec, which is responsible for selecting its own immigrants, has its own program with a similar net worth and business background requirement.
To learn more about Canada’s Business Immigration programs, including the benefits and detailed requirements for each program, consult the professionals at Campbell Cohen, who can help you further your Canadian immigration plans. You can contact us directly or fill out our free Canadian Business Immigration eligibility assessment.
This month, the Ontario provincial government updated its Provincial Nominee Program (PNP), known as Opportunities Ontario, in order to welcome more skilled immigrants to the province. International students who obtain their PhDs at publicly funded Ontario universities will no longer need a job offer to be eligible for an Ontario Provincial Nomination Certificate.
Opportunities Ontario is a largely employer-driven PNP, which means that applicants generally need job offers from Ontario employers in order to be eligible for the program. There are two categories under the program:
Under the General category, eligible Ontario employers and investors can recruit qualified foreign workers to fill permanent, full-time positions in their organizations. The positions must be in a skilled, managerial or professional occupation, identified as Skill Type 0 or Skill Level A or B in the National Occupation Classification. Those foreign workers would then be eligible to apply to immigrate to Canada under the Opportunities Ontario PNP.
The International Students category now has two streams: the With Job Offer stream and the PhD Graduate stream:
- Under the With Job Offer stream, Ontario employers can extend permanent, full-time job offers (also in skilled, managerial or professional positions) to international students who have completed their post-secondary education at publicly-funded Canadian institutions. Those students would then be eligible to apply for an Ontario Provincial Nomination Certificate.
- Under the PhD Graduate stream, candidates must have obtained their PhDs from an Ontario publicly-funded university. Applicants who meet this requirement do not need job offers to be eligible for the Opportunities Ontario Program.
Under all PNPs, including Opportunities Ontario, applicants who receive nomination certificates must then submit their applications to Citizenship and Immigration Canada for federal approval (medical and security checks are done at this stage) and issuance of Canadian permanent resident visas.
In February, a report predicting a drastic shortage of skilled workers in Canada as a whole and Ontario in particular was released by Rick Miner, past president of Seneca College and a former management professor. The report described an upcoming discrepancy between the increase in knowledge-based jobs in Ontario and the number of available skilled, experienced workers to fill those positions.
In this regard, the above update in the Ontario PNP is good news both for international students who have obtained their PhDs in Ontario and the economy of Ontario.
The following is a summary of recent developments in Canadian citizenship and immigration news.
- Update on family sponsorship debt case
In November 2009, we reported that the Ontario Court of Appeal had ordered governments to stop automatically charging individuals for social assistance debt sustained by relatives they had sponsored. The Ontario Court made its ruling after eight individuals applied to be discharged from their family sponsorship requirements, claiming extenuating circumstances. Last week, the Supreme Court of Canada agreed to settle the case.
- Federal government continues to facilitate doing business in Canada
Earlier this month, Citizenship and Immigration Canada (CIC) announced the introduction of a new, fast-track business visa program for Mexican nationals employed by eligible businesses in Mexico. This program is similar to one CIC put in place for individuals employed by qualifying Indian business two summers ago.
- Prairie provinces enjoying growth in economy and population, ready to welcome more immigrants
The provinces of Manitoba and Saskatchewan have recently released information showing that immigration to those provinces has increased, and that the economy in those provinces continues to grow. Both Prairie provinces are hoping to welcome increasingly greater numbers of immigrants through their respective Provincial Nominee Programs (PNPs), and expect that the increase in available jobs in their economies will help attract those newcomers.
- Federal government renews its Immigration Agreement with British Columbia
Earlier this month, CIC announced that the federal government has renewed its Immigration Agreement with the province of British Columbia, which aims to:
- Give British Columbia a continued say in immigration to the province (for example, through its Provincial Nominee Program) and in settlement issues;
- Enhance the cooperation between the federal and provincial government regarding overseas immigration marketing initiatives and providing newcomers with the information they need before they arrive in Canada;
- Provide ongoing federal funding and support for immigrant settlement and integration initiatives immigrants within the province; and
Increase the cooperation between the federal and provincial governments and francophone communities to develop support for francophone immigration to British Columbia.
One thing we know for certain is that Fredy Villanueva is dead. How he got that way is currently being questioned at a coroner’s inquest in the city of Montreal. And it is the subject of ardent dispute.