April 17, 2019 – Ontario will cut the minimum investment and net worth thresholds for the Ontario Immigrant Nominee Program's Entrepreneur Stream and terminate the Corporate Stream under new plans.
Canada's largest province also plans to cut the business experience required under the popular Entrepreneur Stream.
A proposal published on Tuesday April 16, 2019, would see the following changes to the Entrepreneur Stream net worth requirements:
- Net worth requirement cut from $1.5 million to $800,000 for businesses located in the Greater Toronto Area.
- Net worth requirement cut from $800,000 to $400,000 for businesses located outside the GTA.
- Net worth requirement cut from $800,000 to $400,000 for technology or digital communications businesses, regardless of location.
The proposal would also see the following changes to investment requirements:
- Investment requirement cut from $1 million to $600,000 for businesses in the GTA.
- Investment requirement cut from $500,000 to $200,000 for businesses in the GTA.
- Investment requirement cut from $500,000 to $200,000 for technology or digital communications businesses, regardless of location.
A further Entrepreneur Stream change would see the required business experience cut from 36 months in the last 60 months, to 24 months in the last 60 months.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer
