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Ontario PNP To Launch Entrepreneur Pilot and British Columbia New Draw Sees The Province Send Out Over 174 Invitations

The new Ontario immigration project is looking to recruit about 100 foreign entrepreneurs to invest $200,000 each to start or buy businesses outside the Greater Toronto Area.

On Tuesday, Ontario announced that it had selected the Toronto Business Development Centre (TBDC) to work with the Ontario Immigrant Nominee Program (OINP) to create and launch the Entrepreneur Pilot.

The TBDC was selected following a public bidding process and an OINP statement said that the jobs and investments these businesses generate will help to support the regions that will be selected soon to help them quickly recover from the COVID-19 pandemic.

The two-year pilot program was originally announced in December 2021 and the government of Ontario believes that the pilot will create jobs in sectors like information technology, tourism and life sciences.

Also, applicants will be nominated for permanent residence once their business has been operating in Ontario for 18 to 20 months.

In December, an Ontario provincial government press release showed that only two nominations have been made through the OINP Entrepreneur Stream but the new entrepreneur project will help to support entrepreneurs that apply and help them connect with business opportunities that fit them better.

In October, it announced that foreign-trained lawyers, accountants, architects, electricians, plumbers and engineers will no longer need Canadian work experience to practice their professions in the province under a initiated new provincial law.

The province is suggesting that:

Canadian work experience requirements for professional registration and licensing should be removed unless there is an exemption that is granted based on demonstrated public health and safety risk.

The duplication for official language-proficiency testing should be reduced so that people with foreign credentials in these occupations will not have to complete multiple tests for the purposes of immigration and professional licensing

To speed up the licensing process which can now take 18 months or more to help internationally-trained immigrants start working in careers that match their skillset.

Ontario Entrepreneur Stream

This stream was designed for individuals from outside Canada who want to start a business or buy an existing business in Ontario.

The requirements for the stream are listed below but it is not known if the new entrepreneur project will reduce some of the requirements in order to attract more candidates.

Some of the requirements for the stream are:

  • Must have a minimum net worth of $800,000 if your proposed business will be in the Greater Toronto Area (GTA) and if it is outside, the minimum net worth of $400,000. Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in the province.
  • Must invest at least $600,000 in an Ontario business and own at least 33% if the business is in GTA. If the business is outside GTA, you can invest at least $200,000 and own at least 33%. Proposed business in either ICT or digital communications, invest at least $200,000 and own at least 33% anywhere in the province.

British Columbia New Draw Sees The Province Send Out Over 174 Invitations

On April 19, British Columbia held two new draws through multiple streams of the British Columbia Provincial Nominee Program and it issued over 174 invitations to immigration applicants.

The draws were split into two categories which were general and targeted.

In the general draw which included tech occupations, about 147 invitations were sent through five BC PNP streams for skilled workers and international graduates. The minimum scores ranged from 77 to 125 points.

In the targeted draw, about 20 invitations were issued to skilled workers and international graduates scoring at least 70 points in a draw targeting Early Childhood Educators and Assistants under NOC 4214.

A draw targeted at Healthcare workers saw about 7 invitations issued to skilled workers, international graduates and entry-level and semi-skilled workers also with a minimum score of 70 points.

The final set of less than 5 targeted invitations were sent to skilled workers and international graduates under NOCs 3114 and 3213 for veterinarians and animal health technologists and veterinary technicians respectively with a minimum score of 70.

The table below represents the British Columbia Immigration Draws

General Draw

DateCategoryMinimum ScoreInvitations IssuedDescription
19-Apr-22      Skilled Worker110147General draw (includes tech occupations)
Skilled Worker – EEBC125
International Graduate98
International Graduate – EEBC109
Entry Level and Semi-Skilled77

Targeted Draw

DateCategoryMinimum ScoreInvitations IssuedDescription
19-Apr-22      Skilled Worker, International Graduate7020Targeted draw: Childcare: Early childhood educators (NOC 4214)
Skilled Worker, International Graduate, Entry Level and Semi-Skilled707Targeted draw: Healthcare
Skilled Worker, International Graduate70<5Targeted draw: Other priority occupations (NOCs 3114, 3213)

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