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Business visa

IRCC Invites 700 Candidates in Surprise All-Program Draw #253

by lebizcanada July 5, 2023

This news headline is referring to the latest Express Entry draw conducted by the Canadian government’s immigration body, Immigration, Refugees and Citizenship Canada (IRCC). In this draw, 700 candidates were invited to apply for permanent residence in Canada.

Express Entry: IRCC invites 700 candidates in surprise all-program draw#cdnimm #immigration #canada #ircc #canadavisa #cicnews https://t.co/WISRNZfEji
— Canadian Immigration (@canadavisa_com) July 4, 2023

The draw was described as a “surprise all-program draw” because it invited candidates from all three economic immigration programs managed by the Express Entry system: the Federal Skilled Worker Program, the Federal Skilled Trades Program, and the Canadian Experience Class.

The latest Canadian Express Entry draw was just held. Express Entry draw 253 saw a CRS score of 511 and invited 700 candidates from all programs to apply. #ExpressEntry #CanadaImmigration #Workvisaforcanada #Businessvisaforcanada #Workpermit pic.twitter.com/VYsHJZzotV
— LebizCanada (@LebizCanada) July 6, 2023

Express Entry is a popular and highly competitive immigration system that manages the pool of candidates for these three programs. Candidates are ranked based on their Comprehensive Ranking System (CRS) score, which takes into consideration factors such as age, education, language proficiency, and work experience. In each draw, the highest-ranking candidates are invited to apply for permanent residence in Canada.

This surprise all-program draw is good news for candidates who may have been waiting for an invitation to apply for permanent residence in Canada. It also reflects the Canadian government’s commitment to economic immigration and attracting skilled workers to contribute to the country’s economy.

July 5, 2023 0 comment

Announcements About the Canadian Government Removing the Limit on the Length of Study Programs

by lebizcanada July 4, 2023

written by lebizcanada

Temporary foreign workers are still required to obtain a study permit if they wish to enroll in a program of study that exceeds six months in duration. However, as mentioned earlier, there have been recent changes to provide more flexibility for work permit holders to also study in Canada, such as allowing international students to complete their entire program online from their home country and still be eligible for a post-graduation work permit (PGWP), provided they meet all other requirements.

It is important to keep in mind that immigration policies and regulations are subject to change, and it is always recommended to check the official government websites for the most up-to-date information on work permits and other immigration matters.

To help temporary foreign workers reach their full potential and career aspirations, we are removing the limit on the length of the study programs they can enrol in without a study permit. This will also help fill labour gaps in high-demand professions. https://t.co/DPSVzIlYwz
— Sean Fraser (@SeanFraserMP) June 27, 2023

As mentioned earlier, the Canadian government has introduced some recent changes to provide more flexibility for work permit holders to also study in Canada. For example, work permit holders who are studying part-time can now count those hours towards their eligibility for a post-graduation work permit (PGWP). Additionally, international students who are in Canada with a valid PGWP can temporarily work in any job, regardless of whether it is related to their field of study.

On June 27th, 2023, the@seanfrasermp , Minister of Immigration, Refugees and Citizenship, announced a new temporary measure that will remove the limit on the length of study programs that temporary foreign workers can enrol in without a study permit.#Workpermit #workvisa pic.twitter.com/129xcWGdny
— LebizCanada (@LebizCanada) July 4, 2023

It is important to note that these changes were introduced to support Canada’s economic recovery from the COVID-19 pandemic by attracting and retaining skilled workers. Immigration policies and regulations are subject to change, and it is always recommended to check the official government websites for the most up-to-date information on study permits and other immigration matters.

July 4, 2023 0 comment

Lebiz

Canada is a Business-Friendly Destination for Entrepreneurs

by lebizcanada June 10, 2023

written by lebizcanada

Canada has established itself as a thriving business hub, attracting entrepreneurs and investors from around the world. With its stable economy, supportive government policies, skilled workforce, and diverse market, Canada offers numerous advantages for those looking to establish or expand their business ventures. In this article, we will explore why Canada is considered a business-friendly destination and the key factors that contribute to its appeal.

Stable and Strong Economy

One of the primary reasons why Canada is seen as a business-friendly country is its stable and strong economy. Over the years, Canada has consistently ranked high in terms of economic stability, attracting global investors seeking secure investment opportunities. The country has weathered economic downturns better than many other nations, and its banking system is recognized as one of the most robust in the world.

2. Supportive Government Policies

The Canadian government has implemented a range of policies and initiatives to encourage entrepreneurship and business growth. One such initiative is the Startup Visa Program, which aims to attract foreign entrepreneurs who have the potential to build innovative businesses in Canada. The program offers expedited processing for permanent residency applications, providing a clear path for entrepreneurs to establish themselves in the country.

Additionally, Canada has a favorable tax regime for businesses, including competitive corporate tax rates and tax incentives for research and development (R&D) activities. These policies create an environment conducive to business growth and innovation, further enhancing Canada’s reputation as a business-friendly destination.

3. Skilled Workforce

Canada boasts a highly skilled and diverse workforce, offering businesses access to a talent pool that can support their growth and innovation. The country’s strong education system, along with its emphasis on attracting and retaining international students, ensures a steady supply of qualified professionals across various industries. Moreover, Canada’s immigration policies are designed to attract skilled workers from around the world, making it easier for businesses to recruit talent globally.

4. Market Access and Trade Agreements

Canada’s strategic location provides businesses with access to both North American and global markets. The United States, Canada’s largest trading partner, offers a vast consumer base for companies looking to expand internationally. Moreover, Canada has also signed numerous free trade agreements, including the Comprehensive Economic and Trade Agreement (CETA) with the European Union, further enhancing market access for Canadian businesses.

5. Quality of Life

Beyond its business advantages, Canada offers an excellent quality of life, making it an attractive destination for entrepreneurs and their families. The country is known for its political stability, safe communities, and access to high-quality healthcare and education. Additionally, Canada’s natural beauty, diverse culture, and welcoming society make it an appealing place to live and work.

Conclusion

Whether you are starting a new venture or expanding your existing business, Canada offers numerous opportunities and advantages. With its commitment to innovation, diversity, and economic growth, Canada continues to solidify its reputation as a welcoming and prosperous destination for businesses worldwide.

June 10, 2023 0 comment

Express entry

First Express Entry Draw

by Harleen Kaur January 12, 2023

written by Harleen Kaur

HIGHLIGHTS

The latest 237 draw of Express Entry Program issued ITA’s to 5,500 candidates.
The draw was conducted on January 11th , 2023.
Candidates were invited under all categories of the Express Entry System; FSWP, FSTP & CEC streams.
The Minimum CRS score was 507 this draw.
Eligible candidates need to apply considering new NOC 2022.

DETAILS OF THE DRAW

Canada held its first all-program express entry draw of this year on 11^th 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.

January 12, 2023 21 comments

Express entry

Ontario Entrepreneur Stream Latest Draw:2022

by Harleen Kaur December 28, 2022

written by Harleen Kaur

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.

OINP ENTREPRENEUR STREAM OVERVIEW

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:

December 28, 2022 3 comments

CANADA BREAKING ALL RECORDS IN PROCESSING VISA APPLICATIONS!!

by Harleen Kaur December 21, 2022

written by Harleen Kaur

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.

December 21, 2022 0 comment

Canada Immigration

Strategic Business Plan for Canada Business Immigration

by Harleen Kaur December 8, 2022

written by Harleen Kaur

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.

December 8, 2022 3 comments

Entrepreneur

Federal or Provincial Incorporation

by Harleen Kaur December 6, 2022

written by Harleen Kaur

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.

What does it mean to incorporate your Business in Canada?

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.

Advantages of Incorporating a Business:

Defined Liabilities: Sole proprietors have unlimited liability and are always at risk. Incorporating a business limits your liability. It is important to ensure that your credit and personal assets are sound. An Incorporated Business is a separate legal entity from its owners. Therefore, a creditor cannot claim your personal property to repay any debt without a personal guarantee.
Lower Tax Rates: Incorporating a business provides tax benefits. Corporations in Canada are subject to a lower tax rate than individuals. This can help your business grow more quickly. Being a director, you can withdraw a salary from your company, which will then be taxed as your personal income. It may be advantageous to accept a lower salary and leave the money in the company. This will allow you to pay a lower income tax. Your business’s incorporations can give instant credibility and attracts potential investors, suppliers, customers and lenders.
Raising Capital: Expanding a business is expensive. You will likely need credit or loans at some point. Or you can seek out investors or grants. Solo proprietors may have difficulty raising capital because lenders might not be willing to lend to an unincorporated company neither Investors will be willing to invest in businesses that cannot sell shares.

The next step in incorporating your business is to decide whether you want to do so federally or provincially.

December 6, 2022 1 comment

ICT

Taxation for Entrepreneurs (Intra-Company Transfer) Canada

by Harleen Kaur December 6, 2022

written by Harleen Kaur

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.

December 6, 2022 1 comment

Changing jobs or employers on Canadian Closed Work Permit.

by Harleen Kaur December 5, 2022

written by Harleen Kaur

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:

December 5, 2022 3 comments