Immigrants moving to Canada need to have a minimum amount of settlement funds under the Start-Up Visa program. This money cannot be borrowed. Ottawa does not provide immigrants arriving under Start-Up Visa program with any financial support. Importantly, applicants must have sufficient finances to fund their start up project. Receiving support from an Angel Investor
Ottawa is set to commit $800,000 to the National Association of Career Colleges (NACC) to help skilled newcomers to Canada, find work in their chosen fields. The NACC represents an array of schools across Canada that offer training in sectors facing a shortage of skilled workers. The Employment Minister Jason Kenney said that the funding
A new study by Statistics Canada reveals that Canadian families have become wealthier during the past several years, based on their rising net worth. The study published all its figures in inflation-adjusted dollars. According to the study, which takes a long-term view on the state of Canadian finances, the 2012 medium net worth among family
Canadian banks are beefing up efforts to attract newcomers by offering such incentives as multilingual service and lower fees. Immigrants are one of the fastest growing demographics in Canada, while population growth within the country is relatively stagnant. Some projections estimate that by 2036, over 70 percent of population growth will be from immigration alone.