Canada is a rapidly growing and industrialized economy that grants immense opportunities for new immigrants.
Canada welcomes foreign investment and is open for business. However, one of the four main reasons for immigration is the economic component — attracting immigrants who contribute economically and fill labor market needs.
Canada will continue to thrive and be the best country in the G20 for doing business from now until 2025. Since 2016, it has consistently ranked among the top 3 countries. In addition, Canada is the most accessible place to start a business in the G20. As a result, Canada had the second-largest foreign direct investment (FDI) stock to GDP ratio among G20 countries over the 2015–2019 period.
Canada tops among Organisation for Economic Co-operation and Development (OECD) countries for its marketability to entrepreneurs thanks to its inviting and robust business environment.
If this caught your attention and you are thinking of establishing or expanding a foreign business in Canada, you might qualify for the Strategic Innovation Funds (SIF). The SIF supports Canada as a top destination for companies to invest through five channels:
1. Advance industrial R&D and technology: demonstrate collaboration between the private sector, researchers, and non-profit organizations.
2. Attract and retain significant scale investments to Canada.
3. Boost R&D that will fuel technology transfer and commercialization of innovative results, methods, and assistance.
4. Promote the growth and expansion of Canadian firms.
5. Support comprehensive, national innovation ecosystems through high-impact alliances across Canada.
Canadian entrepreneurs receive support from many sources, and both the federal and provincial governments offer incentives to create and foster successful start-ups. As well, the R&D ecosystem across Canada is a function of powerhouse provinces that encourage entrepreneurs with incubators and accelerators embedded within well-reputed universities and technology hubs.
Canada has ten provinces, and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean. It spans 9.98 million square kilometers, making it the world’s second-largest country area-wise.
The population of Canada is over 38 million Canadians as of 2021. The landmass is 9.1 million square kilometers, Canada is the second-largest country in the world, in the top half of the North. As one of the prosperous countries, Canada offers the highest standard of living. Canada has low taxes and a strengthened economy with a 2.25% inflation rate.
The expanse of Canada’s scenic beauty, from mountains and glaciers to secluded lakes and forests, is unparalleled worldwide. The cosmopolitan Canadian cities are clean, safe, friendly, and multicultural. UN lauds Canada as one of the world’s most livable countries.
Besides, data confirms Canada fosters an accepting community for immigrants and their culture. Most Canadians are likely to agree with the statement that immigrants make their country a better place to live and that immigrants add value to the economy.
Some of the benefits of being Canadian are having access to a safe and clean environment, a well-developed public transport system, healthcare, education, good working conditions, and diversity in all aspects.
Are you interested in immigrating to Canada?
Current Canadian law offers four categories for immigrants:
- Family: persons related to one or more Canadian residents living in Canada.
- Economic: skilled workers, caregivers, or businessperson.
- A protected person or refugee: escaping persecution, torture, or cruel and unusual punishment.
- Humanitarian or other: persons accepted as immigrants for humanitarian or compassionate reasons.
In Canada, the high-demand jobs are nursing, software development, project management, engineering, language skills, customer service, teamwork, and communication.
The Business Immigration Program offers Permanent Residence in Canada.
Canada welcomes successful business-savvy people seeking new opportunities and challenges and offers services to help start a business and settle in Canada. The Business Immigration Program aims to encourage and facilitate the admission of these individuals. If you are an experienced professional, you can apply under the business immigration program: