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Subject:
Immigrate to Canada or "visit"?
Category: Business and Money Asked by: harvestmoon-ga List Price: $20.00 |
Posted:
31 Jul 2004 18:08 PDT
Expires: 30 Aug 2004 18:08 PDT Question ID: 381858 |
Our family of 6 wants to move from California. We're considering Oregon and Canada, but see that our money will go a LOT further in BC than the Pacific Northwest. We will have about a US$400K net worth and want to purchase a business, rental property or B&B/motel. We want to put 50% down on the property we purchase (both investment property and a home of our own) and finance the rest, and would like to spend only $2-300K on property downpayments. I've read the CIC and it looks like Entreuprenurial (sp?) Business immigration is what we want. We need to establish one full time job for a Canadian for 3 years. We have managed a retail business (a worker's collective of 21 workers) which has $2,000,000 gross sales for the past 10 years. This would be a qualifying business? At the very end of the CIC business page http://www.cic.gc.ca/english/business/entrep-2.html I need "qualifying Canadian business" translated. If we purchase a motel or B&B, the net income must be $25K (I'm unclear on the equity part as it translates to myself and my husband) OR our net assets must be $125K Canadian OR we have created 2 full time jobs for Canadians? (we must meet 2 of those 3) What would be the benefit for not immigrating and how long would we have to stay out of Canada? How long could we "visit"? What would our tax implications be? |
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There is no answer at this time. |
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Subject:
Re: Immigrate to Canada or "visit"?
From: dillybravo-ga on 02 Aug 2004 20:57 PDT |
http://www.cic.gc.ca/english/contacts/call.html You should phone them, I think they are usually happy to talk to people in your situation. These numbers are for both automated support and call centre agents. |
Subject:
Re: Immigrate to Canada or "visit"?
From: bigbadandugly-ga on 10 Aug 2004 12:14 PDT |
You can call them, but don't take their word for gospel. Remember, they are civil servants who work 8 am to 4 pm for generous pensions and benefits and not necessarily because they want to be helpful. There are a few court cases in Canada where people and/or business have gotten advanced rulings on transactions regarding taxation from Revenue Canada, only to have Revenue Canada come back on them in court and win. I believe it also states this on the Revenue Canada website that employee interpretations don't necessarily reflect what the courts would rule for. Absurd but true. |
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