DeductlyCA
All programs/Newcomer entrepreneurs

For newcomers

9 programs
for newcomer entrepreneurs.

If you arrived in Canada in the last few years, two things shape your funding picture: Canadian credit history is thin or missing, and several provincial nominee programs are built for entrepreneurs willing to invest and run a business. The right path depends on whether you are already a permanent resident or arriving as part of an entrepreneur stream.

See which apply to my business

What you should know

  • ·Futurpreneur Newcomer requires arrival in Canada within 60 months and a SIN that does not start with 9.
  • ·Provincial nominee entrepreneur streams require personal net worth in the $300k to $600k range and a business investment from $100k to $250k depending on the province.
  • ·The federal Start-Up Visa accepts only 2025 commitment holders after late 2025; new applicants cannot apply for now.
  • ·BDC offers a Newcomer Entrepreneur Loan with relaxed credit-history requirements.

Tax Credits

1

Refundable Tax Credit for On-the-Job Training Periods

24% to 50% of eligible training wages for corporations (12% to 25% for individuals)

Incentives

8

Futurpreneur Newcomer Startup Program

Up to $25,000 in loans plus two years of mentorship

BC PNP Entrepreneur Immigration: Base Stream

Requires $200,000+ investment; pathway to permanent residence

BC PNP Entrepreneur Immigration: Regional Stream

Requires $100,000+ investment; pathway to permanent residence

Alberta Advantage Immigration Program: Rural Entrepreneur Stream

Requires $100,000+ investment; pathway to permanent residence

Manitoba Business Investor Stream: Entrepreneur Pathway

Requires $150,000 to $250,000 investment; pathway to permanent residence

PEI Business Impact: Work Permit Entrepreneur Stream

Requires $150,000+ investment; pathway to permanent residence

Nova Scotia Nominee Program: Entrepreneur Pathway

Requires $100,000 to $150,000 investment; pathway to permanent residence

Yukon Business Nominee Program (YBNP)

Requires $300,000+ investment; pathway to permanent residence

Common questions

Do I need permanent residence to apply?

For Futurpreneur Newcomer and BDC Newcomer Entrepreneur, yes (PR or citizenship). For provincial nominee entrepreneur streams, no, those streams are designed to lead to PR.

I have no Canadian credit history. Is that a problem?

For the programs in this hub, no. They were built specifically because mainstream banks cannot lend to people with no Canadian credit file. Bring your home-country credit history and references.

See which apply to your business.

3-minute quiz. We filter all 324 programs to just the ones your business actually qualifies for.

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