self employed immigration Archives - Immigration Lawyer Vancouver, Canada | Sas & Ing Immigration Law Centre

HomeTagself employed immigration Archives - Immigration Lawyer Vancouver, Canada | Sas & Ing Immigration Law Centre

Adam Smith is often considered the father of modern economics and a significant proponent of the law of supply and demand. This economic theory postulates that when supply of a good is in abundance prices will fall and when the supply is diminished that prices will rise. Applying the principles of supply and demand to Canada’s immigration program, the Department of Immigration, Refugees and Citizenship Canada (IRCC) is in the enviable position of being able to “set their price” by being choosy as to who, how and when they will select which applicants to be able to come to Canada. A quick review of a few of our current immigration programs demonstrates this reality.

We are frequently approached by self employed business people who are interested in establishing Canadian operations and would like to immigrate to Canada as well.  You would think that Canada would be welcoming of the entrepreneurial spirit that business self starters bring to the economy in terms of both tax revenue and job creation.  Yet Canada's current immigration program is very limited in options for self-employed business people.  Let's review what immigration options are available for the business person.

It has been over two years since June 2014 when the federal government permanently shut down the federal immigrant investor pathway to Canadian permanent residence. Under the former program, foreign investors and entrepreneurs could obtain permanent residence in exchange for a one-time lump sum investment to Canada. The program was finally scrapped over widespread criticism that it was not generating long-term benefits for Canadians and because many viewed the program as a way for immigrants to buy their way to Canadian citizenship. Unsurprisingly, the new immigration Minister, the Honourable John McCallum, has already publicly stated that there are no current plans to restart or reinvent the troubled program.

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