In a recent report by Henley & Partners, Canada has proudly secured a position among the top 5 destinations for millionaire migrants in 2024. This country remains a very popular destination for wealthy immigrants — particularly those originally from Europe and Asia.
The Canadian millionaire population has increased by 29% in the last decade. This recognition highlights the country’s appeal to wealthy individuals seeking new opportunities with a favorable immigration policies, strong economy and high quality of life.

Favourable immigration policies

The Start-up Visa (SUV) program has played a key role in this trend by attracting entrepreneurial talent from around the world to Canada. Launched in 2013, the program provides a pathway to permanent residency for entrepreneurs with innovative business ideas, providing them with access to Canadian venture capital and angel investor networks. The program is particularly attractive to millionaire immigrants, who contribute to Canada’s growing startup ecosystem.

Additionally, initiatives such as the Provincial Nominee Program or the Federal Skilled Worker Program are part of Canada’s broader immigration strategy to attract wealthy and skilled immigrants. The influx of millionaire immigrants is driving increased real estate investment in major cities such as Toronto and Vancouver and contributing to job creation and economic growth across a range of sectors.

These settlement patterns reflect Canada’s economic health, political stability and global competitiveness. Millionaires are drawn to Canada for personal financial security and the opportunity to invest and expand their businesses. Canada’s appeal is further enhanced by its strong economy, high standard of living and access to international markets, particularly through trade agreements with the United States.

High Quality of Life

Canada regularly ranks high in global quality of life indices, making it an attractive choice for wealthy individuals and their families. Cities such as Toronto, Vancouver and Montreal offer a combination of urban convenience and natural beauty, low crime rates and a high standard of living. This combination ensures that newcomers can enjoy a prosperous and enriching lifestyle.

Moreover, for families considering settling in a new land, Canada’s education and healthcare systems are particularly strong draws. The country is home to many world-class universities and colleges, providing excellent educational opportunities for children. Additionally, Canada’s public health system ensures that all residents have access to essential health services, improving the quality of life for the entire family.

While Canada is in the top 5 destinations for millionaire migrants, it still faces competition from other countries such as Australia, Singapore, the United States, and the United Arab Emirates (UAE). Nevertheless, each country has its own advantages, but Canada’s combination of safety, open opportunities, and ease of integration makes it stand out in the global landscape. As noted in the Henley Private Wealth Migration Report, Canada’s position as a top destination for millionaire migrants is likely to grow stronger in the coming years. With its welcoming environment, strong economy, and high quality of life, Canada remains an attractive option for wealthy individuals looking for a new home. For those looking to invest in their future and enjoy a quality lifestyle, Canada is undoubtedly one of the top destinations in the global migration arena. 

On October 28, 2024, Prince Edward Island (PEI) conducted its latest Provincial Nominee Program (PNP) draw, inviting a total of 91 candidates to apply for Permanent Residence (PR). This draw highlights the province’s ongoing commitment to attracting skilled workers and business investors to support its growing economy.

Details of the Draw

In this round, candidates from both the Business Work Permit Entrepreneur and Labour & Express Entry streams were included. This diverse approach ensures that PEI continues to attract individuals who can contribute to various sectors of the local economy, addressing labor shortages and enhancing the province’s overall growth.

Invitation Date	Stream	No. of Invitations	Minimum Score	Selection Attributes
October 28, 2024	Business Work Permit Entrepreneur	2	92	–
October 28, 2024	Labour & Express Entry	89	–	Invitations were issued to individuals currently working in PEI in the Healthcare, Construction, and Manufacturing sectors.

1. Business Work Permit Stream: This stream targets entrepreneurs and business owners who wish to establish or invest in a business in PEI. It aims to foster innovation and create jobs, playing a crucial role in the province’s economic landscape. Business candidates need to meet specific criteria, such as net worth and management experience.

2. Labour & Express Entry Stream: This stream is designed for skilled workers who are looking to settle in PEI permanently. It facilitates the immigration process for individuals with skills and experience that are in demand within the province. In each draw, candidates with high scores based on PEI’s points grid are invited to apply. Points consider factors like age, education, work experience, and adaptability.

The PEI EOI system gathers important information about you in order to rank and select those who are most likely to meet Prince Edward Island’s economic and labour market needs, based on one or more of the following attributes:

• Language: English or French;
• Education: level and field of education and where completed;
• Skill and work experience level;
• Strategic priorities: attributes that would address immediate labour market needs in PEI;
• Other factors relevant to employment prospects: including but not limited to having a job offer in PEI and/or previous Canadian work experience.

On October 23, 2024, Immigration, Refugees and Citizenship Canada (IRCC) conducted another Express Entry draw, issuing a total of 1,800 Invitations to Apply (ITAs) specifically for candidates in the Trade Occupations category. This draw highlights Canada’s ongoing commitment to attracting skilled tradespeople to support its labor market needs.

Details of the Draw

• – Number of invitations issued: 1,800
• – Date and time of round: October 23, 2024
• – CRS score of lowest-ranked candidate invited: 433

If more than one candidate has the lowest score, the CRS score cut-off will be based on the date and time they submitted their Express Entry profiles.

Eligibility for Trade Occupations Category

Applicants aiming for the Express Entry trade occupations category must:

• – Accumulate at least two years of full-time work experience (or an equivalent in part-time work) in one of the eligible trade occupations within the last five years, either in Canada or internationally.
• – Satisfy all the requirements specified for each round of invitations.

List of some trade occupations

Occupation	2021 NOC code
Residential and commercial installers and servicers	73200
Elevator constructors and mechanics	72406
Machine fitters	72405
Heating, refrigeration and air conditioning mechanics	72402
Construction millwrights and industrial mechanics	72400
Carpenters	72310
Plumbers	72300
Electricians (except industrial and power system)	72200
Welders and related machine operators	72106
Contractors and supervisors, other construction trades, installers, repairers and servicers	72014

The October 23, 2024, Express Entry draw is a testament to Canada’s focus on skilled trades as a vital part of its immigration strategy. With 1,800 invitations issued and a CRS threshold of 433, this draw marks an encouraging opportunity for trade professionals looking to settle in Canada.

On October 21, 2024, the Immigration, Refugees and Citizenship Canada (IRCC) held a significant Express Entry draw, issuing invitations to 648 candidates for permanent residency. This draw specifically targeted Provincial Nominee Program (PNP) candidates boast a Comprehensive Ranking System (CRS) score of 791 or higher.

This means only those scoring at least 791 received an invitation in this round. The draw follows a similar trend from the October 7, 2024, PNP draw, which issued 1,613 invitations to candidates with a minimum CRS score of 743.

PNP candidates often have higher CRS scores, as a provincial nomination automatically grants an additional 600 points. Candidates may also receive points for having family in Canada or immigrating with a spouse or partner.

The recent draw highlights the IRCC’s ongoing commitment to attract skilled immigrants who are well-positioned to contribute to the Canadian economy.

By focusing on Provincial Nominee Program (PNP) candidates, the IRCC aims to fill critical labor shortages across various provinces and support their specific economic needs.

On October 17, 2024, the Ontario Immigrant Nominee Program (OINP) conducted its latest Express Entry draw, issuing a total of 1,307 invitations for permanent residency (PR) to skilled trades candidates. This draw marks a significant step for those looking to establish themselves in Ontario and contribute to the province’s growing economy.

Details of the Draw

The draw specifically targeted candidates in the Skilled Trades Stream, which is designed for individuals with expertise in various skilled trades.

A total of 1,307 Invitations To Apply were issued under the Skilled Trades Stream. The CRS score for this PNP Draw ranges from 405-435.

Date of Draw	No. of Invites	CRS Score Range	Profiles created in the Express Entry System
October 17, 2024	1,307	405 – 435	October 17, 2023 – October 17, 2024

Who Was Invited?

To be eligible for this draw, candidates needed to have an active Express Entry profile and meet the requirements of the Skilled Trades Stream. This includes having work experience in their primary NOC (some of occupations eligible for this OINP Express Entry Draw as following), meeting the minimum language proficiency requirements, and demonstrating a commitment to settling in Ontario.

• – NOC 72300: Plumbers
•  
• – NOC 72301: Steamfitters, pipefitters, and sprinkler system installers
•  
• – NOC 72302 : Gas fitters
•  
• – NOC 72310 : Carpenters
•  
• – NOC 72311: Cabinetmakers
•  
• – NOC 72320:  Bricklayers
•  
• – NOC 72321: Insulators
•  
• – NOC 72400:  Construction millwrights and industrial mechanics
•  
• – NOC 72402:  Heating, refrigeration, and air conditioning mechanics
•  
• – NOC 72403: Railway carmen/women
•  
• – NOC 72404: Aircraft mechanics and aircraft inspectors
•  
• – NOC 72406: Elevator constructors and mechanics

• – NOC 72410: Automotive service technicians, truck and bus mechanics and mechanical repairers
•  
• – NOC 72422: Electrical mechanics
•  
• – NOC 72423: Motorcycle, all-terrain vehicle and other related mechanics

This latest draw is a positive signal for skilled trades professionals seeking opportunities in Ontario. It reflects the province’s commitment to welcoming talented individuals who can support its diverse economy.

On October 16, 2024, British Columbia held its latest Provincial Nominee Program (BC PNP) draw, issuing approximately 189 Invitations to Apply (ITAs) for permanent residency (PR). This draw continues the province’s commitment to addressing labor market needs and attracting skilled workers to support its growing economy.

Details of the Draw

The recent draw reflects British Columbia’s ongoing strategy to invite skilled professionals from various sectors, emphasizing the importance of having a diverse workforce. Here are some key highlights:

• – Total ITAs Issued: 189
•  
• – Categories: The invitations were likely issued across different categories, including Skilled Workers, International Graduates, and the Express Entry BC stream.

Date	Draw type	Stream	Minimum Score	Number of invitations
October 16, 2024	General	Skilled Worker	127	102
		Skilled Worker – EEBC option	127
		International Graduate	127
		International Graduate – EEBC option	127
		Entry Level & Semi-Skilled	110
	Childcare	Skilled Worker, International Graduate (includes EEBC option)	83	38
	Construction		89	21
	Healthcare		99	28
	Veterinary Care		80	<5

The latest BC PNP draw on October 16 is a significant opportunity for individuals aiming for permanent residency in Canada. With 189 ITAs issued, British Columbia continues to welcome skilled professionals who can contribute to its dynamic economy. If you’re interested in making BC your new home, now is the time to prepare and stay engaged with the immigration process.

Canada continues to be a top destination for immigrants seeking new opportunities, diverse cultures, and a high quality of life. In this year, several visa options cater to various skills and backgrounds, making it easier for potential immigrants to find a suitable pathway. As you embark on the journey to immigrate to Canada, exploring the various visa options is the key to achieving your Canadian dream.

Express Entry System
The Express Entry system remains one of the most popular pathways for skilled workers. It uses a points-based system to evaluate candidates based on age, education, work experience, and language proficiency. The three main programs under Express Entry are:

– Federal Skilled Worker Program (FSWP): For individuals with skilled work experience.

– Federal Skilled Trades Program (FSTP): Designed for those in skilled trades.

– Canadian Experience Class (CEC): For individuals with Canadian work experience.

Key Benefits:

– Fast processing times (often within six months).

– Opportunity to gain permanent residency.
Provincial Nominee Programs
The PNP allows provinces to nominate individuals who wish to settle in a specific province. Each province has its own criteria based on labor market needs, making it a flexible option for those who may not qualify for Express Entry.

Key Benefits:

– Increased chances of permanent residency.

– Access to provinces with labor shortages.
Study Permit
International students can apply for a Study Permit to attend designated learning institutions in Canada. After graduation, students may qualify for a Post-Graduation Work Permit (PGWP), allowing them to gain Canadian work experience.

Key Benefits:

– Pathway to permanent residency through Canadian work experience.

– Opportunities to gain a global education.
Start-up Visa Program
For entrepreneurs looking to establish a business in Canada, the Start-up Visa Program is an excellent option. This program targets innovative entrepreneurs with the support of designated Canadian investors.

Key Benefits:
– This is the only Federal level program that grants Permanent Residency directly to the applicant and entire family (spouse, children under 22 years old);

– Whole family will be granted permanent residency (PR)

– Freely choosing the Province to live and work;

– Enjoy the free health-care system, social security and education benefits like Canadian citizens;

– Obtain Canadian citizenship when meeting the specific conditions;
GLOBAL TALENT STREAM
The Global Talent Stream was introduced in 2017 to help Canadian employers fill critical skill gaps by allowing them to hire foreign talent quickly. This program specifically targets occupations in high demand, particularly in the fields of technology, engineering, and science.

Key benefits:

– Fast processing time: The Global Talent Stream helps reduce waiting times for candidates and employers.

– Opportunity to work in Canada: Working for leading companies in Canada, where the working environment is professional and modern.

– Opportunity to settle permanently: After working for a period of time, many candidates can switch to other settlement programs, such as Express Entry, to have the opportunity to become permanent residents.
WORK PERMITS
A Work Permit is an official document that allows foreign nationals to work in Canada for a specified period. It is essential for individuals who wish to take up employment in Canada, as it provides the legal authorization to work in the country.

Key Benefits:

– Gain Canadian Experience: Working in Canada allows you to gain valuable experience in the Canadian labor market, which can enhance your qualifications for future immigration applications.

– Pathway to Permanent Residency: Many individuals who come to Canada on a Work Permit later transition to permanent residency through programs like Express Entry or Provincial Nominee Programs (PNP), which recognize Canadian work experience.

– Network Building: Working in Canada enables you to build a professional network, making it easier to find future employment opportunities or support when applying for permanent residency.

Canada offers a range of immigration options to accommodate diverse backgrounds and skill sets. Whether you’re a skilled worker, entrepreneur, or student, there’s a pathway for you.

By understanding the available pathways, you can take the first steps toward building your future in one of the world’s most welcoming countries.

In a recent announcement that has generated excitement among prospective immigrants, Canada has issued 500 Invitations to Apply (ITAs) in the latest draw specifically targeting candidates under the Canadian Experience Class (CEC) within the Express Entry system. This draw, conducted on Oct 9th, required a minimum Comprehensive Ranking System (CRS) score of 539 for eligibility, marking an increase of 30 points comparing to the previous CEC draw on Sept 19th, with 4,000 ITAs were issued.

Highlights of the Draw

• Number of ITAs Issued: 500
• Minimum CRS Score: 539
• Category: Canadian Experience Class (CEC)

Understanding the Canadian Experience Class

The Canadian Experience Class (CEC) is an immigration program that allows individuals who have worked in Canada for at least one year to immigrate permanently. CEC is a part of Canada’s Express Entry immigration system.

The government of Canada recognises the deep pool of talented workers already working in Canada, and wants them to become permanent residents. These are individuals and families who have set down roots and made plans for the future in Canada.

Canada had a record immigration target of 465,000 for 2023, which it plans to surpass by setting the target of 485,000 permanent residency invites in 2024.

Candidates have a 60-day window to submit their applications, which will usually be processed within the six-month standard.

Processing Times for Immigration Applications from IRCC

In a significant move to enhance transparency and streamline the immigration process, The Immigration, Refugees, and Citizenship Canada (IRCC) has released updated processing times for various immigration applications. This update comes as part of the government’s ongoing commitment to improve efficiency and meet the needs of applicants.

Citizenship Processing Times for Immigration Applications from IRCC (Updated Each Month)

As of October 8th, the Citizenship Grant application takes approximately 6 months, a reduction of 1 month since the last update.

Contrary, the processing time for obtaining a Citizenship Certificate has increased to 4 months, marking a one-month increase since the last update.

Permanent Resident (PR) Card Processing Times (Last Updated Weekly on October 1)

Permanent Resident (PR) card processing times for new PR cards now stands at 26 days, which reflects a one-day increase since the last update on Oct 1^st.

Conversely, the renewal process has improved slightly, reducing the timeframe to 69 days, down by one day since the previous update.

Family Sponsorship Processing Times (Updated on a Monthly Basis)

Family sponsorship processing times have remained unchanged in this latest update.

For applications which are submitted outside Canada, the timeframe for sponsoring a spouse or common-law partner is still 10 months, while sponsorship from within Canada remains at 13 months.

Economic and Temporary Residency Processing Times

Both of the Canadian Experience Class and Federal Skilled Worker Program maintain a processing time of 5 months. Meanwhile, the Quebec Business Class processing time has seen an increase, requiring 49 months to process the applications.

Temporary residency applications reflect variability depending on the applicant’s country of origin. For example, visitor visa processing times from India have risen to 105 days, an increase of 3 days since the last update.

For the other Temporary Residency Categories, such as Seasonal Agricultural Workers Program (SAWP), the visa processing time have risen to 285 days (increased by 5 days since the last update on September 24).

The release of updated processing times is a positive step toward ensuring that individuals and families seeking to make Canada their home have the information they need to navigate the immigration landscape effectively. For more details and to check specific processing times, applicants are encouraged to visit the official Immigration, Refugees and Citizenship Canada (IRCC) website.

As Canada continues to welcome newcomers from around the globe, staying informed about these changes will help ensure a smoother transition for all aspiring immigrants.

The Ontario Immigrant Nominee Program (OINP) held 2 draws, with total  of 1,727 invitations to apply have been released by the Ontario Immigrant Nominee Program (OINP) for the foreign worker stream on October 8th, 2024.

The first draw targeted skilled trades occupations, while the second draw aimed at other priority occupations. In which, applicants needed to meet certain score requirements based on their qualifications and experience to receive an invitation.

Details of these 2 Draws

1. Skilled Trade Occupations: A total of 885 invitations were issued with a cutoff score of 48.

These skilled trade occupations include various roles in construction, engineering, and manufacturing with some key positions include:

• – Drafting technologists and technicians (NOC 22212)
• – Mechanical engineering technologists and technicians (NOC 22301)
• – Electricians (NOC 72200)
• – Welders and related machine operators (NOC 72106)

2. Priority Occupations: The second draw has issued 841 invitations, with a cutoff score of 52.

Some highlighted roles of the priority occupations include:

• – Civil engineers (NOC 21300)
• – Financial managers (NOC 10010)
• – Human resources managers (NOC 10011).