Work in Canada
Canada’s Start-Up Visa Program Reaches Record High in 2024
Canada’s Start-Up Visa Program is making headlines in 2024, welcoming 5,595 new permanent residents. This sharp increase highlights the country’s commitment to attracting innovative entrepreneurs and fostering economic growth. However, changes in the 2025-2027 Immigration Levels Plan could impact future applicants.
A Surge in Start-Up Visa Admissions
Over the past decade, Canada’s SUV program has seen steady growth. Introduced as a pilot in 2013 and made permanent in 2018, the program has become a preferred pathway for international entrepreneurs looking to establish businesses in Canada.
| Year | SUV Permanent Residents |
| 2015 | 225 |
| 2018 | 670 |
| 2021 | 385 |
| 2023 | 1,120 |
| 2024 | 5,595 |
The impact of COVID-19 temporarily slowed the program in 2020 and 2021, but the numbers have since surged, reflecting Canada’s growing appeal as a global business hub.
Provincial Breakdown: Where Are Entrepreneurs Settling?
Ontario and British Columbia remain the top destinations for SUV applicants.
Ontario: A Leading Hub for Start-Ups
- 2023 Admissions: 900
- 2024 Admissions: 2,800
- Growth: 211%
Toronto and Waterloo are home to thriving tech ecosystems, making Ontario an attractive destination for entrepreneurs seeking investment and support.
British Columbia: A Fast-Growing Tech Powerhouse
- 2023 Admissions: 375
- 2024 Admissions: 2,150
- Growth: 473%
With a strong venture capital presence and proximity to Silicon Valley, British Columbia is experiencing an unprecedented rise in start-up immigrants.
Other Provinces Gaining Popularity
- Manitoba: 460 admissions (+229%)
- Nova Scotia: 55 admissions (+120%)
- Alberta: 100 admissions
Quebec does not participate in the Start-Up Visa Program, as it has its own business immigration pathways.
Why Is the SUV Program Growing So Rapidly?
Several factors have fueled the increase in SUV applications:
- Post-Pandemic Economic Recovery: Canada is prioritizing immigration to boost economic growth.
- Global Uncertainty: Economic instability in other countries is pushing entrepreneurs toward Canada.
- Tech Sector Expansion: Cities like Toronto and Vancouver are attracting global talent.
How to Apply for Canada’s Start-Up Visa
Eligibility Requirements
To qualify, applicants must:
- Own at least 10% of a qualifying business.
- Secure a letter of support from a designated venture capital fund, angel investor group, or business incubator.
- Meet the minimum language requirement (CLB 5 in English or French).
- Have sufficient settlement funds to support themselves.
- Plan to manage their start-up in Canada actively.
Step-by-Step Application Process
- Obtain Investment or Support – Secure backing from a designated Canadian investor.
- Apply for Permanent Residency – Submit the application through Immigration, Refugees and Citizenship Canada (IRCC).
- Optional Work Permit – While waiting for PR, apply for a temporary work permit to begin operations.
- Receive PR Decision – Processing takes 12 to 32 months based on application volume.
Future of the SUV Program: What to Expect in 2025 and Beyond
While the SUV program is currently booming, the 2025-2027 Immigration Levels Plan indicates a reduction in business immigration allocations:
| Year | Federal Business Allocation (Including SUV) |
| 2024 | 6,000 |
| 2025 | 2,000 |
| 2026 | 1,000 |
| 2027 | 1,000 |
With fewer spots available, processing times may increase, and competition will intensify. Entrepreneurs considering this pathway should apply as soon as possible to secure their place. Canada’s Start-Up Visa program has reached new heights in 2024, attracting thousands of entrepreneurs eager to contribute to the nation’s economy. However, with upcoming immigration policy changes, the program’s future remains uncertain. Entrepreneurs looking to establish their businesses in Canada should act quickly to benefit from the current opportunities before stricter limits take effect.
