New All-Program Express Entry draw invites 2,250 candidates

The Ontario Entrepreneur Stream has issued 28 Invitations to Apply in a new draw on August 16. Candidates scoring between 138 and 160 points were issued ITAs in this draw. Candidates who submitted an Expression of Interest by August 8, 2022 were eligible for consideration. What is the financial requirement for the Ontario Entrepreneur Stream? 1) Net Worth If you plan to start a business in the Greater Toronto Area (GTA), you need a minimum net worth of $800,000. In areas outside the GTA, the minimum net worth is $400,000. The proposed business should be either in ICT or digital communications, and the net worth of the company must be at least $400,000 anywere in province. 2) Investment and Ownership You must invest at least $600,000 in an Ontario business and own at least 33% if the business is in the GTA. Own at least 33 percent of the company outside the GTA and invest at least $200,000. The proposed business must either be in ICT or digital communications, and it must invest at least $200,000 and own at least 33 percent anywhere in the province. Ontario Entrepreneur Stream: Non-Financial Requirements A minimum of 24 months’ full-time business experience, as an owner or senior manager, in the past 60 months. The proposed company should create two full-time jobs for Canadian citizens or permanent residents if it is located within the Greater Toronto Area. One full-time job must be created by businesses outside the GTA, or those in ICT or digital communications. Make exploratory visit to Ontario in the 12 months prior to application. Note: This only applies to those buying an existing business. In English or French, a CLB of 4 is required. At least 75% of your time managing the business must be spent physically in Ontario. To learn more about Ontario’s Entrepreneur stream, call us at +91 73839 97825 or email: info@pranileducation.com About the author : Share this post : Facebook Twitter LinkedIn You may also like :

On August 16, British Columbia issued more than 224 invitations through multiple streams of the British Columbia Provincial Nominee Program. The draws were divided into two categories: general and targeted. 177 invitations were issued through five BC PNP streams for skilled workers and international graduates in the general draw, which included tech occupations. Minimum scores ranged from 78 to 132 points. A total of 26 invites were issued to skilled workers and international graduates scoring at least 60 points in a targeted draw targeting Early Childhood Educators and Assistants. In a draw specifically targeted at healthcare workers, 15 invitations were issued to skilled workers, international graduates, entry-level and semi-skilled workers with at least 60 points. Five invitations were sent to entry-level and semi-skilled workers with a minimum score of 60, specifically Healthcare Assistants under NOC 3413. The final set of targeted invitations went 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 60. The number of invitations was listed as ‘less than 5’ to protect the identity of those who were invited. To know more about British Columbia Provincial Nominee Program, call us at +91 73839 97825 or email: info@pranileducation.com Latest Event Updates About the author : Share this post : Facebook Twitter LinkedIn You may also like :

To combat COVID-19 travel restrictions, Canada launched its Temporary Residence to Permanent Residence Pathway around mid-2021. It has welcomed nearly 50,000 newcomers so far. Over the first five months of 2022, more people have become permanent residents through the program than in the same period of 2021. Under the program, which sought to welcome 90,000 recent international graduates and essential temporary workers, candidates had come from every province in Canada. Below is a breakdown of the numbers of immigrants granted permanent residency or Canada PR through the TR2PR pathway in each province: Under the program, Immigration, Refugees and Citizenship Canada (IRCC) planned to accept: 20,000 applications for temporary workers in healthcare; 30,000 applications for temporary workers in other selected essential occupations, and; 40,000 applications for international students who graduated from a Canadian institution.   IRCC also accepted an unlimited number of applications from French speakers in each of the three categories. Since IRCC has a backlog of more than 2.7 million immigration applications, TR to PR Pathway applicants are eligible for Open Work Permits if their temporary status in Canada expires before their application is finalized. According to the latest numbers, 51,392 TR to PR applications were in queue as of mid-July. About the author : Share this post : Facebook Twitter LinkedIn You may also like :