Young Farmer Investment Stream – Canada Immigration

Canada Immigration programs are designed to cater to the different needs of immigrants. Whatever your occupation or expectations, you will find an immigration program that best suits and works for you. The Canada Provincial Nominees Scheme business stream is broken into the Provincial Nominee Program for business and Young Farmer Nominee Program.

The PNP for the business makes it possible for the Canadian province to recruit and nominate business people who are qualified from across the world and who have the ability and intent to move to Canada to establish, become partners or purchase a business. The Young Farmer investment stream on the other hand makes it possible for applicants interested in starting a farm or purchasing one in the province of Canada to do so even without meeting the qualifications of PNP stream for the business.

Who is eligible?

Just like any other program, not every young farmer qualifies for this immigration program. To be eligible, you must:

· Have a minimum personal net worth of $150,000 CAD

· Make a minimum equity investment of $150,000 CAD

· Be under 40 years of age if you are the principal applicant

· Demonstrate minimum 3 years farm ownership experience or farm management experience for that matter

· Have marketable skills to supplement farm income; this can be for principal applicant or spouse

· Undertake exploratory visit to the province of Canada to investigate farming opportunities and quality of life there; this visit lasts seven days minimum

· Make the business investment that is eligible in the province

· Have dependents willing to reside in the province

· Be willing to deposit good faith of $75,000 CAD with the province once the nomination is approved; this is refundable without interest once business investment in the application is made

· Demonstrate that farm income and off- farm supplementary income will certainly provide excess of $35,000 CAD per annum after taxes

Self-employed farmer stream

This stream is designed for farm operators and owners who have proven management skills and financial resources to establish sustainable farming businesses in Canada. The applicants need to prove prior managerial experience with existing farming businesses, provide documentation to prove training, education and work experience that is relevant in developing the farming business in their desired province in Canada. They must also have a proposed business plan for the operation and provide evidence of financial investment from a Canadian financial institution for the proposed farming business. An investment of $500,000 CAD equity is also required and the applicant must demonstrate that they can invest more than this amount.

Who does not qualify?

If you are still wondering whether you qualify for the self-employed farmer stream, here is a breakdown of applicants who are not eligible for the immigration program.

· Refugee claimants of those involved in the Federal removal process or appeal because the young farmer nominee program is not allowed to intervene in federal refugee claims, removal or appeal processes.

· Live-in caregivers also do not qualify for the program even if they currently live in Canada

· Temporary foreign workers residing or working in different provinces in the country

· International students in Canada for studies and those in internships or co-op work placements in their study programs.

The young farmer investment stream offers a great opportunity to farmers wishing to spread their wings and test the prospects in Canada. Get more details and try your luck today.

The Smartest Ways You Can Invest Your Money

Everyone should think about the answers to those questions, because there comes a time when money will be needed and some people will realize that their savings aren’t enough to cover the expenses.

There are three things to invest in.

1) Health Insurance

Health insurance is the most important one. You never know what the future holds when it comes to health. You can try to live a healthy lifestyle, but sometimes viruses, bacteria or other problems may cause problems that may require urgent treatment or medication.

Don’t let health problems catch you unprepared. Pay your health insurance and have all your medical expenses covered. Good health allows you to work at maximum efficiency, allowing you to earn enough to save even more.

2) Profitable Assets

If you wish to start a business or invest into other businesses in order to gain more profit, make sure that what you invest in is a good long-term investment. Investing in the right assets will allow for more savings for future needs. Your first option is to observe which businesses are the most successful and have the least competition. These types of businesses are worth investing in or getting involved in.

Your second option is to find a business that comes up with something original and buy it. This is how some companies acquire rights to video games or other software for example. Alternatively, if you have an idea for starting an original business or creating an original product, try to deliver the best quality by using the cheapest tools that will do the job.

3) Retirement

You have to think of the future, when you will be old and possibly unable to work. Or maybe you wish to relax and no longer work for the rest of your life once you retire. Saving up when you are young and capable of working is highly recommended.

The 401(k) saving plan is very useful for putting money aside for retirement; however, not everyone is eligible for this plan. If that is your case, then make sure to open your own saving plan. The earlier you start saving, the more likely you will be to cover enough of your daily needs of your retirement life, as well as extra expenses.

Save efficiently.

Avoid impulse buying. If something isn’t needed and brings zero profit, it is a waste of money.

Do not rely on fast foods and restaurants. Instead, cook your food at home to save money. Leave restaurants for special occasions.

If you have vices like smoking or alcohol, either quit them or reduce their use as much as you can. You would be surprised how much money you could save per month if you take these expenses out of the plan.

Business Angel or Devil in Disguise – You Choose!

Angels are high net worth individuals who invest on their own, or as part of a syndicate, in high growth businesses. In addition to money, Business Angels often make their own skills, experience and contacts available to the company. This has been immortalised by the program The Dragons Den where people pitch for money and also additional Dragons expertise.

Angels rarely have a connection with the company before they invest but often have experience of its industry or sector. Therefore, the commitment of Business Angels is often very strong.

The majority of Angels make investments for financial reasons. However, there are other motives for investment including taking an active part in the entrepreneurial process, enjoyment from being part of the success of a good investment and the sense of putting something back.

Angels are an important but still under-utilised source of money for new and growing businesses. A typical Angel makes one or two investments in a three-year period, either individually or by linking up with others to form a syndicate. Some Angels invest more frequently. There are approximately 18,000 angel investors across the UK, and around £800m is invested by Angels annually.

It is often thought that you have to be very wealthy to be an Angel Investor, but in fact many individuals invest from around £10,000 in any one company, however some Angels invest much more and money is also tied up for potentially many years. Given that a Angels would generally invest between £10k-£750k as an investment, but are usually in return for a shares. So, most Angel investors will take a portfolio approach and invest in more than one company to give a spread of opportunities to diversify risk.

Angels often invest as part of a group called a syndicate, organised through personal contacts or one of the many Angel Networks. One investor will generally act as a Lead Investor, sometimes referred to as the ‘archangel’, and will act on behalf of the syndicate.

As well as investing money, Business Angels can also bring valuable know-how, contacts and experience to the businesses in which they invest. Investments are made across most industry sectors and stages of business development, but especially in early and expansion-stage businesses. Most prefer to invest in companies within 100 miles of where they live or work although investors in technology companies tend to be prepared to travel longer distances.

What’s The Down Side – With Angels having numerous investments it means that they are not always available when you need or want them. Angels may also appear happy, wonderful people but once they are in a company some of them take on a different persona. They might not be so happy and can sometimes say the wrong thing making you feel embarrassed and unloved. Also an Angel can often require a substantial share allocation and in certain cases become a majority share owner which also has its challenges. An Angel may not see the same as you even when you explain it and could be dismissive suggesting they have seen it all before.

Getting outside investment is a gamble but with the right mindset and business plan and a little rapport they can also be hugely valuable but it is worth considering everything from all different angles before giving away large share allocations as soon as your Angel appears.

Do your homework, know your numbers and follow a plan – it can only be good news when you have taken time to understand your proposition at a granular level!

You can email [email protected] with any questions