Canadian Government re-vamps Entrepreneur Immigration Program

New Entrepreneur Immigration Program to be announced by end of 2012

Last year, the Canadian government cancelled the immigration entrepreneur program with little notice after 10 years. The program had a 10,000-application backlog before it was cancelled.

Now, in an interview with the Globe and Mail last week, Citizenship, Immigration and Multiculturalism Minister Jason Kenney announced that a new entrepreneur immigration program is going to be launched soon.

The previous entrepreneur immigration program required:

The applicant have previous experience, plans to open a business that would create another full-time job and a net worth of $300,000.

The new program is designed to attract more “high value innovators”, according to the article. This includes more people in industries like technology and energy, while focusing less on people opening up mall kiosks or convenience stores, which were the more common businesses started under the previous federal entrepreneur program.

The new program is expected to be announced officially by the end of this year.

Any information provided here does not constitute legal advice and is intended for general information only. Should you require legal advise, you are encouraged to contact a lawyer directly. All blog postings are public and are not subject to solicitor/client confidentially. Case results depend on a variety of factors unique to each case, and case results do not guarantee or predict a similar result in any further case undertaken by the lawyer.

Tags: Canada business immigration Entrepreneur Canada Entrepreneur program Canada Immigration to canada open a business in Canada

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the American Bar Association. He is frequently called upon to appear in the media to discuss Canadian and US immigration issues effecting North Americans. He has been interviewed by Canada AM, CTV, Canada News Net, the Globe and Mail and the Toronto Star and has given lectures on immigration topics overseas.

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