Canada has announced important changes to its business immigration programs as the government prepares to introduce a new pathway to permanent residence for entrepreneurs.
On December 19, Immigration, Refugees and Citizenship Canada (IRCC) confirmed that it will stop accepting applications for the optional work permit linked to the Start-Up Visa program. The only applicants who can still apply are those already in Canada who are seeking an extension of their existing Start-Up Visa work permit.
IRCC also announced that new Start-Up Visa permanent residence applications will no longer be accepted after December 31 at 11:59 pm. This move marks a temporary closure of the program while the government works on a redesigned entrepreneur immigration route.
However, some applicants will still be eligible to apply under special conditions. Individuals who have already secured a valid commitment from a designated organization issued in 2025, but have not yet submitted their application, will be allowed to apply. These applicants must submit their application by June 30, 2026.
In addition, the Self-Employed Persons Program will remain paused until further notice. This program has been closed to new applications since April 30, 2024, and IRCC has not shared a timeline for reopening.
What This Means for Entrepreneurs
According to the Canadian government, these changes are part of a transition toward a new, targeted pilot program designed specifically for immigrant entrepreneurs. While the exact details of the new program have not yet been announced, IRCC has confirmed that more information will be shared in 2026.
The Start-Up Visa program has faced criticism due to extremely long processing times, with some applicants waiting several years to receive permanent residence. By pausing new applications, IRCC aims to reduce backlogs and create a more efficient and focused entrepreneur pathway.
These changes also support Canada’s broader Talent Attraction Strategy, which aims to bring high-impact entrepreneurs and skilled talent to the country while improving processing efficiency.
At Oasis Visas, we strongly recommend that entrepreneurs reassess their immigration plans and explore alternative pathways while Canada prepares to launch its new entrepreneur pilot. Our team continues to track policy updates closely and will guide eligible applicants toward the best available options.
