Owner/Operator LMIA Quick Facts

The owner/Operator LMIA program requires the following:

  • The owner/operator must retain a minimum of 51% ownership in the business
  • The business must maintain existing jobs for Canadians, or, create new jobs for Canadians and these jobs must be retained
  • The owner/operator must be prepared to commit a minimum of C$250,000 unless business will create more than 5 high salary jobs
  • The program has neither a Net Worth requirement nor a Source of Funds requirement
  • For an existing business, the ESDC will conduct checks for paid salaries, retained earnings and also dividends.
  • For a new business  a declaration from a CPA is acceptable
  • Under circumstances where the business owner will retain 100% of the shares in the business,  it is advisable to fund the business bank account with as much as possible as there is little to no risk in doing so.
  • The business must be funded prior to filing the LMIA
  • 200 immediate points assigned for the EE Pool, and if the business is large enough PR could generally be granted within 12 months

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