• Min. Investment CDN$ 500,000.
• Min. Networth of CDN$ 800,000.
• Min. 36 Months Business Experience in last 60 Months.
• Min. IELTS 4.5.
To be eligible, you and your business partner must meet five factors.
> At least 36 months of full-time business experience in the last 60 months.
> Your experience must be as a business owner OR as a senior manager (business management).
> If your proposed business will be located within the Greater Toronto Area (GTA – includes the City of Toronto, Durham, Halton, York and Peel regions), you must have a minimum net worth of $1,500,000 CDN.
> If your proposed business will be located outside of the GTA, you must have a minimum net worth of $800,000 CDN.
> If your proposed business will be in the ICT/Digital Communications sector (regardless of your proposed business location), you must have a minimum net worth of $800,000 CDN.
> If your proposed business will be located within the GTA, you must make a minimum personal investment of $1,000,000 CDN and have a minimum equity ownership of 33.3 per cent.
> If your proposed business will be located outside of the GTA, you must make a minimum personal investment of $500,000 CDN and have a minimum equity ownership of 33.3 per cent.
> If your proposed business will be in the ICT/Digital Communications sector (regardless of where you set up the business), you must make a minimum personal investment of $500,000 CDN and have a minimum equity ownership of 33.3 per cent.
> You must create at least two permanent full-time jobs for Canadian citizens / permanent residents.
> If you plan to purchase an existing business, you must make at least one business-related visit to Ontario in the last 12 months prior to the date you submitted your application.