Canada is the most sought after destination for several foreign nationals. Even during the travel restrictions imposed on the account of corona pandemic, Canada actively processed and nominated foreign nationals for permanent residency. Recent ministerial teleconference of immigration ministers from all provinces of Canada called for a stronger immigration system and revealed the possibility of inviting more number of immigrants to Canada in the coming years. In view of such positive development, let us look at various options for obtaining permanent residency in Canada.
Canada PR for Skilled Workers & International Students
Perhaps the most popular among economic-class immigrants are skilled workers and recent student graduates applying for permanent residency in Canada. The Immigration, Refugees, and Citizenship Canada (IRCC) manage federal programs like the Federal Skilled Workers Program, Canadian Experience Class, and the Federal Skills Trades under the Express Entry system. There are other Provincial Nominee Programs (PNPs) which issues provincial nominations to eligible candidates fulfilling the eligibility criteria for provinces’ in-demand occupations.
The overwhelming response can be gauged by immigration levels set by IRCC for the year 2020; about 90,000 are expected to arrive through the Express Entry programs and another 65,000 through PNPs. Fill-in this free assessment to check your eligibility.
Canada PR for Entrepreneurs & Business Investors
The favourable investment climate in Canada attracts foreign investors and entrepreneurs to reap its maximum benefits. IRCC encourages immigrant entrepreneurs to grow their companies in Canada by making them eligible to apply for permanent residence. Through the Entrepreneurial Start-Up Visa program, eligible foreign national entrepreneurs are invited to settle in Canada and apply for permanent residency.
Apart from demonstrating a minimum net worth, an individual in focus must also come good in English/French proficiency and a financially sound business plan with adequate clearances and ownership requirements.
Several Canadian provinces including Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon have dedicated business immigration streams to invite eligible entrepreneurs/investors to apply for provincial nominations.
Permanent residence in Canada for Self-employed Workers
Based on one’s intention to continue working for themselves and relevant work experience of at least two years, self-employed individuals can apply for permanent residence in Canada.
IRCC run a dedicated Federal Self-Employed Persons Program for eligible individuals to apply for permanent residency. Applications from interested individuals are received and evaluated on a points system which is based on work experience, age, education, language ability in English/French and other adaptability factors. A candidate requires a minimum of 35 points out of 100 points in order to be considered.
Unlike business investors, there is no regulated minimum net worth requirement. However, such candidates are required to demonstrate their financial independence to settle in Canada. With a waiting time greatly reduced to 23 months, eligible foreign nationals working in the fields of arts and sports such as freelance journalists, painters, illustrators, filmmakers, music teachers, or athletes can apply for permanent residence in Canada. It may also include such professionals like choreographers, set designers, coaches and trainers
Family-sponsorship programs are also famous for nominating dependent family members banking on the credibility of primary permanent residence holders. To know the operational details of the Family Sponsorship program, click here.
Canada is targeting 200,000 immigrants in 2020 through 100+ economic immigration streams. This figure will only increase despite the disruptions caused by the corona pandemic. Talk to our qualified representative to start planning your Canada immigration.