CANUSA IMMIGRATION SERVICE

New Brunswick Entrepreneurial Stream

The New Brunswick Entrepreneurial Stream is an economic immigration program for experienced entrepreneurs who are ready to establish, operate and actively manage a business while living and settling in New Brunswick permanently.

1. Business requirements

Your business must be:

• of economic benefit to the province;
• you must have a minimum of 33.33 percent ownership and assume an active senior management role in the day-to-day operation of the business;
• established as a sole proprietorship, partnership or corporation; (in the case of a partnership, the other partner(s) must be a Permanent Resident or Canadian Citizen);
• the continued operation of an existing business or the establishment of a new business;
• a private-sector, for-profit entity with the primary purpose of earning profits through the sale of goods and/or services;
• considered a “permanent establishment” as defined under subsection 400(2) of the Canadian Income Tax Regulations, 1985

2. Economic benefit

Priority processing may occur for applications with business plans that have the greatest potential to create significant economic benefit through:

• increased value-added manufacturing or processing for New Brunswick exports;
• enhanced research and development;
• development of new products and/or services;
• development of innovative approaches to traditional businesses;
• development and/or enhancements of new technologies;
• the transfer of technology and specialized knowledge to New Brunswick;
• providing products and/or services to an under-served local or regional market; and
• other, as determined by PETL.

3. Investment

When investing in a business, you must:

• make an eligible business investment of not less than CAD $250,000 before tax., PETL will not consider items purchased for personal use including, but not limited to, your principal residence and motor vehicles as part of your minimum eligible investment;
• control at least 33.33 per cent equity in the business.

4. Age

You must be between 22-55 years of age. Your age is assessed as of the day that a complete application is submitted to PETL in response to an Invitation to Apply (ITA).

5. Official languages

- To meet the language requirement, you must submit valid test results from a designated testing organization to show you have obtained a minimum score equal to or greater than a Canadian Language (03-2020) Page 12 of 22 Benchmark (CLB) 5 for English or Niveaux de compétence linguistique canadiens (NCLC) 5 for French in all four language abilities: reading, writing, listening and speaking.

- A speaker with benchmark of 5 can maintain conversations in small groups and possesses a range of common everyday vocabulary. It means you can communicate in common and predictable contexts about basic needs, everyday activities and familiar topics of immediate personal relevance.

- Valid language test results must be from one of the following designated language-testing organizations:

• International English Language Testing System (IELTS) General Training;
• Canadian English Language Proficiency Index Program (CELPIP) General;
• Test d’évaluation de français pour le Canada (TEF Canada); or
• Test de connaissance du français pour le Canada (TCF Canada)

6. Education

- You must, at a minimum, have a two-year post-secondary education after high school diploma equal to a Canadian credential. If you have a foreign education, you will need an Educational Credential Assessment (ECA) report from a recognized organization to show that your credential is valid and equal to a Canadian credential. If you already have an ECA report, it must be less than five years old when IRCC receives your PR application, should you receive a nomination certificate. You don’t need an assessment for a Canadian degree, diploma or certificate.

- To obtain an ECA Report, you must be assessed by an organization or a professional body designated by IRCC. They will give you a report that tells you what your education is equal to in Canada. Once you choose a designated organization or a professional body, they will tell you how to submit your documents to get your assessment. Designated organizations include:

• Comparative Education Service (CES)
• International Credential Assessment Service of Canada (ICAS)
• World Education Services (WES)
• International Qualifications Assessment Service (IQAS)
• International Credential Evaluation Service (ICES)
• Medical Council of Canada (professional body for doctors)
• Pharmacy Examining Board of Canada (professional body for pharmacists)