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Canada’s Start-up Visa: Entrepreneurs Face Years of Waiting
Plus: Relationships in your 20s vs 30s
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Canada’s Start-up Visa: Entrepreneurs Face Years of Waiting
Relationships in your 20s vs 30s
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Canada’s Start-up Visa: Entrepreneurs Face Years of Waiting
Canada’s Start-up Visa program, which aims to attract immigrant entrepreneurs with innovative business ideas, is facing a serious slowdown. Processing times have ballooned from around 12 months in 2022 to more than 53 months today. That’s over four years of waiting for entrepreneurs eager to bring their ventures to Canada. While IRCC has introduced a three-year open work permit so applicants can start building their businesses during the wait, the backlog of over 42,000 applications shows just how challenging it has become to enter Canada through this program.
Key Takeaways:
Long Wait Times: Entrepreneurs face processing times exceeding four years, significantly longer than the original 12-month goal.
Backlog Issues: More than 42,000 applications are pending, creating frustration for ambitious founders ready to launch.
Administrative Shift: IRCC now manages the program exclusively, after taking over from venture capital and angel investor organizations.
Reduced Admissions: The number of visas is being scaled down, from 6,000 in 2024 to 1,000 in 2026, aiming to manage immigration levels.
Open Work Permit: Applicants can now work and develop their businesses in Canada for three years while waiting for full approval.
Why It Matters:
For aspiring entrepreneurs, this highlights the growing pains of Canada’s attempt to attract global talent. The long wait times may push founders to explore other markets, but the open work permit provides a partial workaround. It’s a reminder that timing and patience are as critical as innovation and business ideas when navigating international opportunities.
🌐 AROUND THE INTERWEBS
A shift that’s not talked about enough is how our relationships change from our 20s and 30s. This creator breaks down more about the shift.
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Nuit Blanche 2025
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🎙️ Get Into It: The Worst Idea of All Time. Two comedians watch the same terrible movie every week for a year—and riff on it. Completely absurd, deeply hilarious, and strangely addictive. Listen on Apple Podcasts and Spotify.
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