The following was presented by Colin R. Singer as a key
note speaker at the Conference Board Canada, Immigration Summit,
Ottawa, April 5, 2016.
The federal government is losing out on the world's
wealthiest investors despite Canada being an enviable destination
for ultra high net worth business people. It
lost its way when the previous federal government terminated the
federal immigrant investor program and replaced it with a program
that has failed to attract any significant interest. Canada must
now reclaim its role as a dominant operator in the residence
through-investment industry as it has the policy basis and the
market demand to do so.
A leading study gives conclusive evidence that immigrants are
far more likely to own businesses than their Canadian counterparts,
a key component for economic growth. Released in March 2016
and entitled Immigration, Business Ownership and
Employment in Canada, the study concludes that 'rates of
private business ownership and unincorporated self-employment are
higher among immigrants than among the Canadian-born
population'. We know this officially for the first time because
data based on immigrant business ownership has only recently become
available with the introduction of the Canadian
Employer-Employee Dynamics Database, which you can access here.
Why wouldn't Canada want to attract new residents and
citizens who start their own businesses, create much-needed jobs
and undertake substantive consumption expenditures in the local
Interested employers: Kindly contact us
here to receive further information. Interested candidates: Find out whether you
qualify to Canada by completing our
free on-line evaluation. We will provide you with our
evaluation within 1-2 business days.
The content of this article reflects the personal insight of
Attorney Colin Singer and needs no disclaimer
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September 21st, 2016 - Immigration authorities conducted the 20th round of invitations under Express Entry in 2016 and 43rd overall, inviting 1288 applicants for permanent residence with a lowest CRS score of 483.
Canada received more than 320,000 immigrants in the last 12 months, approaching levels not seen since the early 20th century. The per capital immigration rate at .88%, is consistent with previous Liberal government policies.
October 12th, 2016 - Immigration authorities conducted the 21st round of invitations under Express Entry in 2016 and 44th overall, inviting 1518 applicants for permanent residence with a lowest CRS score of 484.
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