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Canada's Immigration Minister Jason Kenney delivers a speech to the Economic Club of Canada in Ottawa March 7, 2012.
Canada's Immigration Minister Jason Kenney delivers a speech to the Economic Club of Canada in Ottawa March 7, 2012.

Innovation

Ottawa targets 'high-value' entrepreneurs with immigration program Add to ...

Applicant must demonstrate business ownership or senior management experience, have good knowledge of English and/or French, a minimum net worth of $300,000, and have a minimum of $125,000 to invest in a new business. A five-day exploratory visit is required before applying, and a comprehensive business proposal and deposit of $75,000 is required if approved.

Newfoundland and Labrador

Applicant must have a minimum of five years of senior management or entrepreneurial experience and a minimum net worth of $450,000, of which at least $350,000 should be in liquid assets. A Performance Agreement must be signed, promising a minimum business investment of $200,000 in a new or existing business. An exploratory visit to the province, a business plan and a deposit of $100,000 is required.

Nova Scotia

No specific entrepreneur immigration category. A provincial program provides loans to help immigrants start businesses after they immigrate.

Quebec

Applicants must prove they have a net worth of $300,000, and a minimum of two years recent experience running a business on a day-to-day basis. They must have a working knowledge of French and create a business or partnership in Quebec with an equity of at least $100,000, which employs a Quebec resident who is not a family member.

Prince Edward Island

The island’s immigrant entrepreneur nominee program has been temporarily suspended because of a federal investigation. The program required immigrants to have a minimum net worth of $400,000, and be prepared to make a minimum business investment of $200,000 to establish a new enterprise. A complete business plan and a refundable deposit of $100,000 are to be submitted along with the application.

Yukon

Applicants must have a minimum net worth of $250,000, with a minimum of $150,000 to invest in a new business or an existing one, leading to equity ownership of at least one-third of the business. The applicant will manage day to day. Applicants must make an exploratory trip to Yukon to meet with officials and demonstrate reasonable skills in one of Canada’s official languages and show a minimum of five years of senior management or entrepreneurial experience.

- Wallace Immen

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