Attracting immigrant investors and entrepreneurs is an economic strategy that the Canadian government affords significant resources to. Citizenship and Immigration Canada (CIC) offers business immigration programs that are more well-established and efficient than those offered anywhere else. In exchange for lending experience and expertise related to business and management, as well as investment in the Canadian economy, eligible foreigners can be granted permanent residency in Canada. Additionally, self-employed persons may also be eligible to immigrate to Canada.
As per the Economic Action Plan 2014 Act, immigration applications submitted under both the federal Immigrant Investor Program (IIP) and federal Entrepreneur Program (EN) have been terminated. Eliminating these backlogs has enabled CIC to focus its resources on creating a faster and more flexible economic immigration system. Programs that will yield the greatest benefit to the Canadian economy, such as the Express Entry Program, are now given priority.
If your IIP or EN application has been terminated, CIC will contact you with information regarding the fee return process.
If you would like to immigrate to Canada as an investor or entrepreneur, you may be eligible for the Québec Immigrant Investor Program (QIIP) or the Québec Entrepreneur Program. For further information, you may read our overview of Québec business immigration, as well as a detailed program guide.
Canada offers candidates and their accompanying family members the opportunity to live in a modern nation with social benefits akin to Europe. While tax rates are reasonably high, the Canadian quality of life is unrivaled. Those who undergo business immigration to Canada will be able to access its health care system and world-class education. Furthermore, the national pension offered in Canada will ensure foreign investors and their families are cared for post-retirement.
As a direct result of its relatively open immigration policy, Canada’s inherently diverse, multicultural and progressive society has been likened to a ‘cultural mosaic’. Foreigners are welcomed with open arms and encouraged to bring with them their values, customs and traditions.
Canada’s approach to governance is strongly centered on ethics, egalitarianism, and equality. In a broad sense, the Government of Canada seeks to maintain peace, order and a just society through a pluralist democratic structure. In other words, Canadian democracy recognizes diversity and seeks to promote the peaceful coexistence of different ethnic groups. For decades, inclusivity, social justice and individual freedom have been at the forefront of Canadian political and legal policy and practice.
Home to a pool of highly skilled and educated workers, world class infrastructure, a wealth of natural resources, and one of the highest ranking financial systems in the world, Canada has become a leader in a number of growth industries. The Government of Canada has long emphasized the values of liberty and freedom, which are upheld by the Constitution of Canada. As a result, the Canadian business environment is known for being extremely attractive, stable and sound.
Ranking quite high in the world economy, Canada presents attractive business opportunities across a wide range of economic sectors. Compared to other countries, the costs and tax rates associated with establishing and conducting business in Canada are relatively low.
Furthermore, Canada’s intellectual property (IP) policy — which is critical for fostering innovation — is some of the strictest in the world. Through the protection of patents, trademarks, designs and copyrights, Canadian IP legislation guarantees that individuals and entrepreneurs may reap the full benefits of the research and development invested into their creation. In particular, IP protection in Canada is essential for protecting supporting the high-value jobs the arts and culture sector that are essential not only to the Canadian economy, but also to its social sphere.
Overall, Canada poses stable investment and entrepreneurship opportunities due to its sound banking system, highly qualified workforce, strategic geographic location and overall sociocultural atmosphere.
Canada has an international reputation of being an extremely diverse society, which poses a challenge when attempting to define its identity. Ultimately, Canadian identity is defined by government policies that serve to uphold and reinforce the following widely-shared Canadian values.
The Constitution of Canada recognizes men and women as being equal to one another. It also protects members of LGBTQ+ communities. Essentially a bill of rights that is entrenched in the Constitution, the Canadian Charter of Rights and Freedoms is an integral piece of Canadian legislation that is highly valued by society.
Canadian immigration policy encourages foreigners to bring their cultures and traditions with them to Canada. Ultimately, the goal is to breed a multicultural society that celebrates people’s differences and their commonalities. The Canadian Multiculturalism Act warrants the preservation of all people’s traditions, customs, and dignity. Additionally, the Canadian Human Rights Act further protects all Canadians from discrimination and harassment.
Canada is recognized as being one of the safest countries in the world, with some of the lowest crime rates. This is especially reflected through strict legislation that prohibits the possession of firearms. The Government of Canada aims not only to promote peace within its own borders, but also around the world. Canada plays a significant role in peacekeeping missions carried out by the United Nations and other international humanitarian aid agencies.
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