HIGHLIGHTS
HIGHLIGHTS
Canada held its first all-program express entry draw of this year on 11th January 2023.
Immigration and Refugees Citizenship Canada (IRCC) issued invitations to 5,500 candidates to apply for Canada PR Visa. The minimum Comprehensive Ranking System (CRS) score was 507. The program was not specified which means that eligible applicants were accepted to apply through programs like the Canadian Experience Class (CEC), Federal Skilled Worker Program (FSWP) and the Federal Skilled Trades Program (FSTP). These are all programs that are operated within the Express Entry system.
On December 22, 2022 Ontario issued 14 Invitations to qualified candidates under Ontario Immigrant Nominee Program (OINP): Entrepreneur Stream. The minimum score of this draw was between 140 and 173.
The entrepreneur stream of Ontario is an immigration pathway for entrepreneurs around the world to buy an existing business or establish new business in Ontario, Canada. It gives an ultimate opportunity to eligible candidates to gain a permanent residency (PR) of Canada once your business is successfully established in Ontario.
There is a two-step process for applying under this Entrepreneur Stream:
Sean Fraser, Canada’s immigration minister addressed the progress Canada has made this year in reducing the backlogs of applications that were there in the inventories of IRCC caused by travel restrictions and office closures due to COVID-19 pandemic.
Immigration, Refugees and Citizenship Canada (IRCC) has implemented diverse measures to improve the system of immigration in Canada to ensure that it helps sustain the country’s economic system and the communities. Canada has offered more efficient processing services, such as the reduction of wait times and upgrading services to ensure better functioning.
Your business plan is an important part of your journey to Canada via Business visa. Your chances of getting approved for immigration are considerably increased if you have a well-written business plan. The federal and provincial government of Canada has launched multiple business programs in order to uplift and create new opportunities in Canada and eventually support the economic growth.
In Canada, there are several programs that require you to submit a well explained business plan:
Any entrepreneur, investor or managers need to submit a business plan if they are willing to purchase or start a business in any of the province of Canada.
There is another program called Intra-Company-transfer (ICT) that needs you to submit a business plan. It allows foreign business owners or skilled workers to open an affiliate firm in Canada.
Start-up visa program also require you to submit a business plan as well.
Once you’ve decided to incorporate your business in Canada, and are now considering about whether you should incorporate provincially or federally. Being an entrepreneur, it is crucial to choose the jurisdiction where your business will be operating when incorporated in Canada. You most likely have a lot of questions, and a common one we hear is how to choose between federal vs. provincial incorporation.
In this Blog we will discuss what factors impact your decision whether you should incorporate your business federally or provincially.
By incorporating a business, you legally separate the business from its owners (aka you). Your business’s income is your income, so it is subject to tax at your personal income rate. It makes perfect sense that if your company earns a lot of profits, your personal income tax bracket will also rise. Incorporating your business will allow you to separate your income from the business and thus allow you to draw a salary.
The next step in incorporating your business is to decide whether you want to do so federally or provincially.
This blog focuses on taxation imposed on foreign workers or non-residents of Canada who are willing to establish or buy a business in Canada or migrated through Intra-Company Transfer program. Both Federal and Provincial government will levy taxes in Canada including variety of other taxes.
You may not be familiar with Canadian tax laws if you are new to the Canadian business world. This article will provide a basic overview of taxes in Canada for small-business owners or an intra-company transferee.
If you are relocated to another country to work, at some point you may wish to switch to a different company or an employer. In Canada, if you want to come and work, you need to get a work permit. In general, these are temporary closed work permits having certain restrictions attached to it. Meaning, you can’t just simply switch your company or your employer. This is the basic difference between an open work permit and a closed work permit. In this blog, we will learn about the things a person holding a closed work permit can do if he/she wish to change their employer.
CLOSED WORK PERMIT: Any person holding a closed work permit is bound to work for that particular company or employer till the duration of his work permit. An Employer-specified work permit allows you to work in accordance with the conditions of your work permit. This could include:
HIGHLIGHTS:
Getting a refusal from IRCC for Canadian visa can be disappointing, It seems that your dreams has been shattered, But wait there are Some measures you can take after a refusal. These steps vary from type of Visa you have applied for.
Canadian Embassy provides a letter with reasons as to why your application has been rejected!
Although most of the reasons are generic except some exceptions !!
Lets Discuss what can be done after refusal from Canadian Authorities !!