An entrepreneur who becomes a permanent resident must meet the following conditions:
  • the entrepreneur must control a percentage of the equity of a qualifying Canadian business equal to or greater than 33 1/3 per cent;
  • the entrepreneur must provide active and ongoing management of the qualifying Canadian business; and
  • the entrepreneur must create at least one incremental full-time job equivalent for Canadian citizens or permanent residents, other than the entrepreneur and their family members.
The entrepreneur must meet the conditions for a period of at least one year within the period of three years after the day on which the entrepreneur becomes a permanent resident.

An entrepreneur who becomes a permanent resident must provide to an officer evidence of compliance with the conditions within the period of three years after the day on which the entrepreneur becomes a permanent resident.

An entrepreneur must provide to an officer

  • not later than six months after the day on which the entrepreneur becomes a permanent resident, their residential address and telephone number;
  • during the period beginning 18 months after and ending 24 months after the day on which the entrepreneur becomes a permanent resident, evidence of their efforts to comply with the conditions.
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