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Canada's Start-up Visa

cic.gc.ca

161–170 of 249 posts

Re: Canada's Start-up Visa

#161
post #117

Earlier quoted context omitted.

Temperatures in Canada are measured in Celsius, not Fahrenheit. So that could be the source of your confusion.

However there's no confusion about how cold -40 is!

Just having an outdoor heater that needed daily refuelling (in itself a small miracle) was an excellent way to learn how to guess the temperature by the effects on eyelids, lips, ears and nose.

-40: move (while you can), especially if there is some wind to go with it.

Re: Canada's Start-up Visa

#162
post #90
post #30

i know that business taxes are relatively low, but what about personal incomes taxes? how will this affect having to pay double taxes (both us and canada). i believe you can write off the taxes you pay overseas, but you have to pay the difference in us taxes.

I paid almost exactly the same income tax in Florida as I did in British Columbia. But I got free health care in BC. Gas, cigarettes and booze are definitely cheaper in the USA though.

Yeah, income tax is mostly the same, but sales tax is killer. I pay nearly double sales tax in my current province compared to my home state/city... large tech purchases become a couple hundred dollars more.

Re: Canada's Start-up Visa

#163
post #80

Pretty interesting. Is there an equivalent to 500 or YC in Canada? What are the best tech cities in Canada? I know Vancouver and Quebec have universities with good CS programs, but that's about it.

Tech cities: Toronto, Kitchener-Waterloo (poised for decline), Ottawa (poised to bounce back). School-wise, the best talent in the country tends to come from UToronto, Waterloo, UBC or McGill. That said, there are tons of great programs all across the country. We have some accelerator-like programs and initiatives aimed at fostering an entrepreneurial spirit generally[1][2][3]. Nothing comparable to YC as far as guid…

Out of curiosity, why is Ottawa poised to bounce back, and KW poised to decline ?

Re: Canada's Start-up Visa

#164
post #77
post #50

Earlier quoted context omitted.

If anyone is seriously considering applying and needs assistance meeting the Canadian angel / VC requirement, feel free to reach out to me, I am based in Canada and active in the angel/VC community. Contact info is in my profile.

I actually want to set up a startup. But undecided on location, my current location will not do. I really want to go to valley, ideally get into YC itself, but the barrier to entry is high. How would you say is the startup culture over there in canada? How does it stack up against places like valley, london or NYC? Other and more accessible option for me is Banglore, no visa required (I am from India).

My guess is that trying Amsterdam, or Berlin is a safer bet.

Apart from mature startup culture, for you as an Indian, these places also have an advantage of being relatively close, timezone-wise, to both U.S. (at least East Coast) which will be most probably your main market, and India where you will probably hire people.

Re: Canada's Start-up Visa

#165

proof of having completed at least one year of post-secondary education Seems oddly arbitrary. Most visas with educational requirements go for the complete degree, not just one year of education. All the tales of "drop outs" who make it big force their hand? :-)

That's the most discouraging requirement for me. I've completed the first 18 months of two undergraduate programmes (without actually graduating), and half a year of an MSc, before finally admitting that I simply didn't care enough about academia. I have no idea how'd I ever manage to demonstrate what I've done. I might have a sort of exam booklet somewhere back at my parents', god knows where. I cannot be the only drop-out who's not particularly plussed about storing mementos of his academic failure.

Either require a full degree or drop the requirement. This middle-of-the-road thing is just silly red tape.

Re: Canada's Start-up Visa

#167

Earlier quoted context omitted.

There is no bad weather, only bad clothing.

Ah, wait until the dead of winter when you're trying to take the bus to work in -40C weather. Walking across a large parking lot, with snow billowing along the ground like a National Geographic special on the Arctic Circle, your face in excruciating pain because of high-speed snow/ice blowing into it. The fact that your arms and legs are toasty warm seems like a distant comfort at that point... Plenty of weather cond…

Don't forget the ice that forms on the inside surface of your glasses below about -10º.

And the way you can be sweating on one part of your body even as another part is being frost-bitten. Then when you adjust your coats and scarfs the sweating part will cool down and the sweat will start to freeze leading to frostbite there, too.

Re: Canada's Start-up Visa

#168

Earlier quoted context omitted.

$11K is irresponsibly low if that's your savings when you move from one country to another, even if your start-up is somewhat funded. After all, your chances of success are just as low as every other funded start-up and you're going to have nothing but your savings and your skills to fall back on in an unknown market if your start-up should fail. Personally I think that $50K in savings is more in line with realistic…

Well who are they trying to attract with this visa? If you are the kind of person that has 50K in savings, is this startup visa really going to help you? If you have 50K in savings you are already wealthy on a global scale even though you are not really a person of high net worth (after all to have 50K in savings you have to have earned a healthy income in some line of work that allows you to save or have a wealthy f…

> Also there's definite risk on one side here, otherwise it's an opportunity for no one. If you have $50K of your own, why start a company in Canada rather than SV?

Well, because you can't. You can't just simply walk into the US. That's the whole point why everyone raves about the Canadian Startup Visa. The requirements for the US for a foreign entrepreneur are one hell of a lot tougher in terms of funding/jobs created by company/etc.

Re: Canada's Start-up Visa

#169
post #111

I don't have that kind of money. Is it easy to get a VISA as a developer?

A visa is permission to go to a country. VISA is a trademark of a consortium of banks to bilk low-information consumers with overpriced credit. Writing in all caps is rude unless it is necessary to be specific or in LISP.

Re: Canada's Start-up Visa

#170
post #16

Summary of the conditions: - Secure $75k in angel funding or $200k in venture funding, from a list of designated Canadian funders. - Score relatively highly on a language test in either English or French, for both verbal and written ability (note that everyone must take this test, even those coming from English- or French-speaking countries). - Have satisfactorily completed at least one year of higher education (no d…

I was excited about this, until I heard the Canadian VC/angel requirement.

If they really want to encourage foreigners to found startups, they should allow private investors to become angels, even if the investor in question is of foreign status. Think about it: you have a bunch of rich people injecting large amounts of money into your economy, and the only thing you have to do is give one person permanent residency - and there's a chance their company will be successful and contribute to the economy even more.

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