Ontario cuts down investment requirements for its Entrepreneur Stream

Starting 8^th July 2019, Ontario has cut down the net worth and investment requirements for its Entrepreneur Stream.

Candidates applying under this stream will also need lesser business experience starting 8^th July.

Ontario is the largest province in Canada. With these changes, Ontario hopes to make its Entrepreneur Stream more attractive to overseas entrepreneurs. This will also help the province to compete with other Provincial Entrepreneur Programs in Canada.

Here are the new changes to the Ontario Entrepreneur Stream:

Requirement	Before 8th July 2019	After 8th July 2019
Net worth for suggested business inside the Greater Toronto Area	$1.5 million	$800,00
Net worth for suggested business outside the Greater Toronto Area	$800,000	$400,000
Net worth for proposed business in ICT or Digital Communications	$800,000	$400,000
Min. investment for proposed business inside the Greater Toronto Area	$1 million	$600,000
Min. investment for proposed business outside the Greater Toronto Area	$500,000	$200,000
Min. investment for proposed business in ICT or Digital Communications	$500,000	$200,000
Business Exp as owner or Senior Manager	36 months in the recent 5 years	24 months in the recent 5 years

These changes were recommended as part of the provincial budget of Ontario in April this year. These recommendations were subject to a public consultation period which ended on 30^th May.

Candidates who had submitted their EOIs before 8^th July and are awaiting an invitation are not eligible.

To be eligible, such candidates would need to submit a fresh EOI to be considered in the future invitation rounds.

For those who have received invitations before 8^th July, the old requirements would apply. Candidates are given 90 days to apply for provincial nomination after receiving an invitation, as per CIC News.

Also, Ontario has scrapped the Corporate Stream. This stream was targeted at overseas corporate establishments that wanted to buy a business or expand into the province.

If you are looking to Study, Work in Canada, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company. 

If you found this blog engaging, you may also like… 

More than 1600 EE candidates invited in the first Ontario tech draw