In a move aimed at attracting skilled professionals, Canada’s Immigration, Refugees, and Citizenship Canada (IRCC) has introduced initiatives that allow self-employed individuals to explore various immigration streams. These individuals can now apply for skilled worker programs and leverage their overseas self-employment experience to meet program eligibility criteria, creating new opportunities for them to establish themselves in Canada.
Using the National Occupational Classification (NOC) System for Evaluation
To assess candidates’ work experience for program eligibility, the IRCC employs the National Occupational Classification (NOC) system. Self-employed individuals can provide evidence of their self-employment experience, such as articles of incorporation and self-employment income, to demonstrate their qualifications.
Self-Employed Programs in Canada
For those interested in self-employment programs, Canada offers two options:
- The Federal Self-Employed Persons Program: This program is designed for foreign nationals with relevant experience in cultural activities or athletics, seeking to contribute significantly to Canada’s cultural life or sports. Eligibility requires at least two years of self-employment or participation in world-class cultural or athletic activities.
- Quebec’s Self-Employed Worker Immigration Program: Eligible individuals looking for permanent residence can establish themselves as independent tradespersons or professionals in Quebec. However, they must meet specific criteria set by the Quebec government.
Facilitating Immigration for Physicians
Recognizing the importance of healthcare professionals in Canada’s health sector, the IRCC has streamlined the immigration process for doctors. By providing them easier access to economic permanent residence programs, the country aims to attract more physicians to fill crucial job vacancies and retain them in the healthcare sector.
Work Permit Options for Self-Employed Individuals
Many self-employed individuals may enter Canada on temporary work permits, which can later support their application for Canadian permanent residency. Entrepreneurs who own Canadian businesses or manage Canadian businesses through international agreements can opt for self-employed work permits. The Canadian government’s labor market test, known as the Labour Market Impact Assessment (LMIA), may be exempt for such work permits if the business proves to be of significant benefit to Canada.
Tax Implications for Self-Employed Individuals
In Canada, self-employed individuals must file their taxes by June 15th and register for GST/HST if their revenue exceeds a specific threshold. By filling out Form T2125, they can deduct allowable expenses from their gross income, thereby reducing their taxable income.
Overall, these initiatives signal Canada’s commitment to welcoming and accommodating self-employed individuals in its workforce. By providing attractive immigration streams and facilitating tax regulations, Canada positions itself as an ideal destination for skilled professionals seeking rewarding career opportunities.