For an entrepreneur or business applicants, it becomes essential to meet the business experience requirement. For a business to be efficient, it has to be a Qualifying Business, where at least two of the conditions have to be met as listed below-
- full-time job equivalents are two or more
- The annual sales sum up to be CAD $500,000 or more
- At the end of the year, the net income is CAD $50,000 or more; and
- The net assets sum up to be $125,000 or more at the end of the year