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Starting a Business VS Employment in Canada in 2024

Starting a Business VS Employment in Canada in 2024

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Starting a Business VS Employment in Canada: Canada, like many other nations, is contending with a shortage of skilled workers, creating a favorable environment for foreigners to either secure jobs or start new businesses.

This article aims to present a two-fold perspective on obtaining a Canadian work visa for employment or establishing a business venture.

Starting a Business VS Employment in Canada

Addressing skill shortages, both private and government employers in Canada are offering attractive salary packages to attract international talent in 2024.

The Canadian immigration department has introduced various skilled worker immigration programs to streamline the recruitment process.

In addition to job opportunities, Canada is an excellent option for entrepreneurs due to its robust economy, educated workforce, immigrant-friendly policies, and government support for small businesses.

With high rankings on international indices for ease of doing business and quality of life, Canada stands out as an appealing destination for business ventures.

Canadian Work Visa Programs for Skill Shortage Jobs in 2024:

Canada’s Express Entry program and provincial nominee programs expedite the work visa process for in-demand jobs.

The article outlines the top three sectors with high job demand due to a shortage of skilled workers, providing insights for those seeking employment in Canada.

Minimum Requirements for Canadian Work Visa in 2024:

To be eligible for a Canadian work visa, individuals need to score at least 67 out of 100 points in the FSWP immigration pathway or a score above 500 out of 1200 in the CRS system for the express entry program.

Other requirements include possessing a valid degree or certification, ensuring the job aligns with the National Occupational Classification, and providing additional documents such as a police character certificate, proof of funds, valid passport, and a detailed work experience letter.

Top 3 In-Demand Occupations in Canada for Foreigners:

The article highlights three high-demand and high-paying professions in Canada for skilled workers in 2024: Technology IT/AI, Healthcare Professionals, and STEM (Science, Technology, Engineering, and Mathematics) occupations.

Business Scope in Canada for Foreigners in 2024:

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For aspiring entrepreneurs, the article suggests several business ideas along with insights into the local market, entry strategies, potential pitfalls, and unique angles for each business opportunity. The businesses explored include Cleaning Services, Catering, Product/Food Delivery, Home Inspection, and Handyman Services.

Each business idea comes with a unique angle, potential pitfalls to avoid, market competition considerations, and opportunities for differentiation. The article emphasizes the importance of understanding local market nuances and suggests spending time in Canada or partnering with locals for a comprehensive understanding.

Conclusion: Whether seeking employment or considering entrepreneurship, Canada in 2024 offers a promising landscape with abundant opportunities for skilled workers and aspiring business owners. Best of luck in your endeavors!

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Akinjide Zakariyah

I am Akinjide Zakariyah, a student from Adekunle Ajasin University Akungba-Akoko Ondo State, in department of Agricultural Economics. I am a Blogger and content writer.