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Immigrant based start-up businesses succeed more than other Canadian businesses

According to the “In Relocation Nation: How Immigrant Tech Founders Boost Canadian Innovation” report of the Innovation Economy Council, start-ups founded by immigrants or their children account for 34.7 percent of all start-ups in Canada. These businesses develop and grow faster, thus, adding more jobs to the Canadian labour market. The Council advises the Government of Canada to admit more entrepreneurs through this program. Immigration, Refugees and Citizenship Canada’s (IRCC) report shows that, in 2021, 455 new permanent residents came to Canada via Entrepreneur or Start-Up Visa (SUV) programs.

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