As the effects of the COVID-19 lockdown continues to hit people globally, Canada has continued to show it support, not just for Canadian citizens and permanent residents but little business owners also in addition to encouraging business immigration to Canada.
Since Prime Minister Justin Trudeau declared his initial $82 Billion Economic Response Plan to the COVID-19 pandemic, $27 billion of that would be allocated to help ease the financial strain and anxiety that Canadian businesses and employees have found themselves in, the government has included additional relief to help the business sector.
Along with the temporary 10 percent commission subsidy, small businesses may now also be eligible for 75 percent of employee wages for up to 12 months , from March 15 to June 6 2020, which will help employers to rehire employees who’d lost their jobs on account of their Coronavirus pandemic. PM Trudeau also declared that a 50% lease relief could be accessible to commercial property owners from April to June when they agreed to offer a 75% discount in rent to its business tenants as well as pledge to not evict any tenants during this 3 month period.
And to top things off, small businesses also have access to some variety of interest-free loans, from various financial institutions into the value of 40,000 with up to $10,000 of debt being wiped clean in the event the loan is repaid by the end of December 2022.
These are merely some of the very few ways that Canada is taking care of its citizens and permanent residents. Isn’t this the type of environment that you would need for your business venture?
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finding the best 5 business opportunities in Canada for immigrants.
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Top 5 Business Opportunities in Canada for immigrants
99.8percent of Canadian businesses are small or midsize companies with less than 500 employees, employing over 8.3 million people. Small businesses contribute nearly 38.4percent of Canada’s Gross Domestic Product (GDP), proving it is not only the perfect but among the most lucrative options for those who have been contemplating company immigration to Canada.
Canada celebrates entrepreneurship, permitting start-ups to prosper, particularly immigrant and women-owned businesses, making up a third of Canada’s small to medium-sized businesses. According to Statistics Canada, immigrant-owned businesses have a tendency to create more jobs in Canada, more so than businesses owned by Canadian-born owners.
But which businesses do particularly well in Canada? Let us take a look at the top 5 business opportunities in Canada for immigrants.
Canada’s agricultural and agri-food industry is among Canada’s largest and most lucrative industries, accounting for $49 billion of Canada’s GDP. What makes it such a viable option for business immigration to Canada is that there are so many options available for those wanting to immigrate to Canada due to the high demand of workers in certain occupations, Which Makes It easier to locate skilled and qualified employees in jobs such as:
Meat processing jobs such as butchers.
Popular states for agricultural business opportunities in Canada for immigrants comprise Ontario, Saskatchewan, Alberta, Manitoba and British Columbia.
For more information on how to immigrate to Canada through its farming business see our blog here.
2. Accommodation and Food Services
Canada’s lodging and food services is a flourishing sector, despite the current hold imposed on account of the COVID-19 lockdown, the industry is forecast to bounce back once constraints have been lifted. Once again, there is an assortment of occupations in demand in the hospitality and tourism sector , which makes it effortless to find employees with the expertise and skills in jobs such as food and drink servers, that you will have to make your company a resounding success.
Provinces to look at when considering business immigration to Canada include British Columbia, Alberta, Saskatchewan, Manitoba, Prince Edward Island, New Brunswick, Newfoundland and Labrador and Nova Scotia.
3. Wholesale & Retail
Even though Canada’s retail and wholesale industry took a small hit in the end of 2019, retail rose steadily month after month in 2020. Projections show that once the COVID-19 dust settles, you can expect a massive growth in retail and wholesale areas such as general product, gasoline stations as well as motor vehicle and components dealerships. There has also been a enormous spike in the need for medical equipment as the Coronavirus pandemic continues to increase the demand worldwide.
Research shows that you might choose to consider provinces such as Alberta, Saskatchewan, Alberta and British Columbia when you are weighing up your options to business immigration to Canada since they’ve shown significant growth in preceding decades.
Construction has been a steady investment for business investors and people considering business immigration to Canada. With the increase of new development projects nationwide comes the demand for more construction businesses to help carry the load and fulfill certain provincial and land needs in Canada. Areas that have seen considerable growth are those from the commercial rather than the residential business .
There has been a particularly large demand in Ontario, as the province actively seeks international skilled workers to fill the labor requirement in jobs such as project directors, construction managers and general construction labourers that are interested in immigrating to Canada through its building business .
5. Professional, Scientific and Technical Services
Canada’s professional, technical and scientific businesses are a steady source of earnings and a fantastic solution for those searching for lucrative business investments or business immigration choices for Canada.
Provinces to consider setting up shop in comprise Alberta and Ontario, that has shown considerable growth over the past few years.
These businesses are increasing at such a speed that certain provinces such as British Columbia and Ontario have committed immigration streams specifically for tech professionals to help fill the requirement for an ever-growing sector.
What Are My Alternatives for Business Immigration into Canada
The most popular route to consider when contemplating your organization immigration to Canada is the Start-up or Investor Visa Program. This immigration plan is targeted at creating new projects in addition to bringing new, innovative business ideas to Canada. There are basic business requirements that will need to be fulfilled in order to qualify, such as having a record of support by a specified organisation, meeting language requirements and having sufficient settlement funds. Visit our website by clicking the link below, to see if you qualify.
2. Provincial Nominee Program – Entrepreneur Streams
In the event the startup visa alternative doesn’t suit your individual business needs, you might choose to think about specific provincial nominee streams. Almost all states and territories have one or more business or entrepreneur flows geared toward addressing the need for advanced business ventures that can’t only help boost the Canadian economy but produce new jobs for Canadian and international talent alike.