Introduction Canada’s Start-Up Visa (SUV) Program achieved a historic milestone, welcoming 5,595 new permanent residents—a significant increase from previous years. This rapid growth highlights Canada’s commitment to attracting global entrepreneurs and fostering a thriving start-up ecosystem.
However, with the Canadian government planning to stabilize immigration levels under the 2025-2027 Immigration Levels Plan, questions arise about the program’s future. Will this momentum continue, or will policy changes slow down approvals?
Record Growth of Canada’s Start-Up Visa Program
The SUV program, initially launched as a pilot in 2013 and made permanent in 2018, grants permanent residency to entrepreneurs who secure investment from designated Canadian organizations. Over the past decade, the program has grown steadily:
| Year | SUV Permanent Residents |
| 2015 | 250 |
| 2017 | 500 |
| 2019 | 1,000 |
| 2021 | 1,500 |
| 2023 | 1,100 |
| 2024 | 5,595 |
The sharp rise in 2024 indicates a growing global interest in Canada’s entrepreneur-friendly immigration policies.
Provincial Breakdown: Where Are Start-Up Entrepreneurs Settling?
While the SUV program does not allocate immigrants by province, data shows that certain provinces are leading the way in attracting entrepreneurs:
1. Ontario: The Entrepreneurial Hub
- 2023: 900
- 2024: 2,800 (211% increase)
- Ontario remains the top destination due to its vibrant start-up ecosystem in Toronto and the Waterloo tech hub.
2. British Columbia: Canada’s Tech Powerhouse
- 2023: 375
- 2024: 2,150 (473% increase)
- Vancouver’s proximity to Silicon Valley, tech-friendly policies, and strong investor networks drive growth.
3. Manitoba: A Surprising Contender
- 2023: 140
- 2024: 460 (229% increase)
- Manitoba offers a low cost of living and strong business support programs.
4. Nova Scotia: A Rising Destination
- 2023: 25
- 2024: 55 (120% increase)
- Entrepreneurs seek less competitive markets with growth potential.
Other Provinces
- New Brunswick: 30 SUV immigrants in 2024 (steady rise).
- Alberta: 100 approvals, despite a strong economy.
- Saskatchewan: No SUV immigrants in 2024, showing low start-up traction.
- Quebec: Does not participate in the SUV program; it has its business immigration pathways.
Why Is the Start-Up Visa Program Growing So Fast?
Several factors contribute to the SUV program’s rapid expansion:
- Post-Pandemic Economic Recovery: Canada is using immigration to drive economic growth.
- Global Economic Uncertainty: Entrepreneurs from countries facing instability (USA, UK, China) are seeking stability in Canada.
- Canada’s Tech Boom: Expanding tech hubs in Ontario and British Columbia make Canada a prime destination.
How to Apply for Canada’s Start-Up Visa Program?
Eligibility Criteria
To qualify for the SUV program, applicants must:
- Own at least 10% of a qualifying business.
- Secure a letter of support from a designated Canadian venture capital fund, angel investor, or business incubator.
- Meet the language requirement (CLB 5 in English or French).
- Show sufficient settlement funds.
- Plan to manage their business in Canada actively.
Step-by-Step Application Process
- Secure Investment or Support: Obtain a letter of support from a designated organization.
- Submit Permanent Residency Application: Apply through Immigration, Refugees and Citizenship Canada (IRCC).
- Apply for a Work Permit (Optional): Allows entrepreneurs to start operations while waiting for PR.
- Receive Permanent Residency Decision: Depending on the applicant’s country of origin, the processing time is 12 to 32 months.
Future Outlook: Will the SUV Boom Continue?
In October 2024, Canada announced a reduction in immigration targets under the 2025–2027 Immigration Levels Plan:
| Year | Total PR Admissions | SUV Allocations |
| 2024 | 485,000 | 6,000 |
| 2025 | 395,000 | 2,000 |
| 2026 | 380,000 | 1,000 |
| 2027 | 365,000 | 1,000 |
The SUV program faces significant cuts, making it crucial for entrepreneurs to apply as soon as possible to avoid missing out.
Final Thoughts
Canada’s Start-Up Visa Program is at a crossroads. While 2024 saw a record-breaking 5,595 new permanent residents, upcoming immigration stabilization measures could limit opportunities for future applicants.
Entrepreneurs should act fast—Canada remains a top destination, but the window of opportunity is narrowing. Early applications will have a strategic advantage with processing times expected to increase.
Need Help with Your SUV Application? Schedule a consultation with an immigration expert to ensure a successful application and secure your spot in Canada’s thriving start-up ecosystem.
