Recent news of the U.S. planning a high-threshold "Gold Card" visa has sparked interest in whether Canada offers a similar pathway for directly purchasing permanent residency. Canada does not have such a "Gold Card"; its economic immigration programs primarily focus on attracting skilled talent rather than pure investment. However, Canada does provide several immigration streams for entrepreneurs and investors intending to establish or operate businesses within the country, leading to permanent residence. These include the federal Start-Up Visa Program, the unique Quebec Immigrant Investor Program, and various Provincial Nominee Programs for entrepreneurs.

In 2024, the Canadian federal government introduced several adjustments to its Labour Market Impact Assessment (LMIA)-exempt work permit policies. These changes encompass Spousal Open Work Permits (SOWP), New work permit for PNP nominee candidates, Updated instructions regarding ICTs under the IMP and more, aimed at optimizing immigration structures and managing the proportion of temporary residents. Below is a professional analysis of the key policy changes and their implications.

On October 3, 2024, Immigration, Refugees and Citizenship Canada (IRCC) released updated guidelines concerning the Intra-Company Transferee (ICT) work permit category. These revisions introduce a more restrictive interpretation of the ICT category, significantly impacting foreign companies seeking to establish or expand operations in Canada.

New research highlights how Canada's Start-up Visa policy has become an attractive option for immigrants in the United States, particularly those holding H-1B visas.