Benefits of the of
Canada Startup Visa Program

The Canada Startup Visa Program is designed to attract innovative entrepreneurs from around the globe. Here are its primary benefits:

Permanent Residency

Successful applicants receive permanent residency, which can lead to Canadian citizenship.

Work Permit

Applicants can obtain a work permit by securing a letter of support, submitting a complete Startup Visa application, and proving their essential presence for the startup's operations in Canada.

Free Education and Healthcare

Permanent residents are entitled to Canada’s universal healthcare and their children have access to free public education from kindergarten to grade 12.

Immigration for the Whole Family

Your spouse and children under 22 can immigrate with you and enjoy the mentioned benefits.

Financial Requirements for the Canada Startup Visa Program:

The minimum amount of money you need to immigrate to Canada depends on the size of your family (May 28, 2024):
Single Applicant

$14,690

Family of two

$18,288

Family of three

$22,483

Family of four

$27,297


Family of five

$30,690

Family of six

$34,917

Family of seven

$38,875

Each additional family membe

$3,958

Other Costs:

  • Fees for designated organizations, such as incubators or venture capital firms.
  • Visa fees, government processes, and other direct costs
 

Startup Environment in Canada:

1

Canada’s startup ecosystem remains strong in 2024, holding the 4th position globally, with 46 cities ranked in the top 1000 and a dynamic startup environment.

2

Canada’s startup ecosystem has significant growth potential, supported by its innovative capabilities, public sector efforts, and natural resources​

3

Canadian startups like Slack and Shopify show the potential for global influence, though retaining high-performing entrepreneurs and attracting foreign talent is crucial​

4

Ontario leads with active public sector initiatives, but other provinces like Alberta and Quebec are also making significant strides to foster innovation​

5

Canada’s highly educated workforce, supported by top universities and immigration policies that attract global talent, provides startups with the skilled professionals necessary for growth and scaling.