Eligibility requirements for the Entrepreneur stream depend on where in Ontario the business is being proposed. Recent reforms have also lowered minimum net worth and investment requirements.
The required net worth for the proposed business within the Greater Toronto Area (GTA) is now $800,000, down from $1.5 million, and the required investment is now $600,000 down from $1 million.
Entrepreneurs looking outside the GTA need $400,00 in net worth instead of $800,000. They now need a minimum investment of $200,000 instead of $500,00.
Candidates need 24 months of business experience as an owner or senior manager within the past 60 months. Previously, candidates needed 36 months of experience within the same timeframe.