Canada's Immigration Dept shelves visa program for entrepreneurs, citing misuse

4 months ago

The Immigration Department has halted the Start-up Visa Program due to misuse and long processing times (over 10 years).
The program, launched in 2013 to boost job creation, was shelved in December, with plans for a stricter alternative.
Immigration lawyers warn the sudden halt may drive foreign entrepreneurs to Europe or the U.S., harming Canada's talent attraction goals.
Other halted programs include pathways for self-employed foreign nationals, caregivers, and skilled refugees with job offers.
The Start-up Visa Program allowed foreign entrepreneurs to apply for permanent residence with endorsements from Canadian organizations.
IRCC cited low qualification requirements leading to misuse, with some organizations supporting low-quality or non-genuine startups.
A new pilot program is in development, with consultations planned to refine parameters.
Long wait times and uncertainty have deterred investment and forced some entrepreneurs to relocate their businesses abroad.
Canada's immigration targets for 2026-2028 included 500 people annually under the now-shelved programs.
Applicants like Amir Soozandehfar face delays, hindering their ability to secure investment and start manufacturing.
Critics argue Canada lacks a competitive strategy to attract entrepreneurial talent compared to the U.S.
IRCC will no longer accept new applications for the permanent residency program to address backlog issues.

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