Immigrant Entrepreneurs Create More Canadian Jobs Than Than Nonimmigrant Business Owners

30 April 2019

Immigrant Entrepreneurs Create More Canada Jobs Than Canadian Born Business Owners Evelyn Ackah Ackah Business Immigration Law 1

New research by Statistics Canada shows that companies owned by immigrant entrepreneurs create more job and have higher growth than companies owners born in Canada. Immigrant-owned businesses accounted for 25% of all net new jobs created in the private sector yet are only 17% of all businesses. According to the study

The results revealed that private incorporated immigrant-owned firms were much more likely than firms with Canadian-born owners to be job creators than job destroyers.

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The study was conducted over a 10 year period and showed that "young firms" owned by Canada immigrant entrepreneurs had significantly more growth and generated more jobs than businesses with Canadian born owners. Immigration leads to the creation of new, young and dynamic private incorporated firms that grow faster, said CTV News

  • +75% of the immigrant-owned firms were less than 10 years old, compared with just over half of those run by someone born in Canada
  • Young firms accounted for 40.5&  of gross job creation, but only 17% of gross job losses 
  • Immigrant-owned companies are 1.3x as likely to be high-growth firms, with annual employment growth exceeding 20%, compared to Canadian-born
  • 90% of firms owned by immigrants who had lived in Canada for five years were young firms

Canada immigration lawyer Evelyn Ackah says government economic immigration programs that help recruit immigrant entrepreneurs to Canada and assimilate into the culture will help grow the economy, 

Canada has been actively recruiting immigrant entrepreneurs. Canada's Startup Visa Program is the first of its kind in the world and links innovative immigrant entrepreneurs with Canadian experienced private sector organizations that have expertise in working with start-ups. The Start-up Visa Program focuses on entrepreneurs who want to immigrate to Canada and who can build businesses and create jobs for Canadians and Permanent Residents and help build a stronger Canada.

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Evelyn Ackah is a US and Canada immigration law expert and founder and managing lawyer at Ackah Business Immigration Law. Business immigration law focuses on helping people move into new opportunities — both personally and professionally. Ackah Immigration Law helps you to navigate the complex maze of rules and regulations involved with Canadian, U.S. and international immigration law with confidence. Headquartered in Calgary and with offices in Vancouver and Toronto, Ackah Business Immigration Law provides legal immigration advice for those looking to move for work, education or personal reasons. 

We provide expertise in all areas of immigration law ranging from corporate immigration to personal and family immigration matters. We provide comprehensive immigration services to clients around the world representing corporations, institutions, not for profit organizations and individual clients. As your immigration lawyers and paralegals, we provide you with timely and strategic advice relating to the constantly changing immigration laws and regulations. 

Contact Ackah Business Immigration Law

Calgary: (403) 452‑9515     Vancouver: (604) 985‑9512     Toronto: (416) 643‑7177

North America: 1 (800) 932-1190

contact@ackahlaw.com 


Contact us:

Email:
   contact@ackahlaw.com

Phone:
   Calgary: (403) 452‑9515
   Vancouver: (604) 985‑9512
   Toronto: (416) 643‑7177

   North America: 1 (800) 932‑1190


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