Canada's Start-Up Visa program is increasingly attracting new permanent residents to the country

The Start-Up Visa (SUV) immigration program helped more foreign nationals become permanent residents of Canada this year compared to last year, according to the latest data from Immigration, Refugees and Citizenship Canada (IRCC). In the first four months of 2023, the SUV welcomed 195 new permanent residents, an increase of 8.3% compared to the same period last year.

If this trend continues, the program could welcome roughly the same number of new permanent residents as last year, around 575. However, the number of new permanent residents arriving through the SUV fell in April, with only 35 new arrivals compared to 50 in March. British Columbia and Ontario have been the most popular destinations for immigrant entrepreneurs arriving under the SUV this year

In the first four months of this year, British Columbia's West Coast province received 85 new permanent residents via the SUV, an increase of 6.3% from 80 for the same period in 2022.

In the first four months of this year, Ontario, the largest province in Canada, welcomed 70 new permanent residents through that immigration program, a decrease of 17.6% from 85 over the same time frame last year.

Canada's Start-Up Visa program is increasingly attracting new permanent residents to the country

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