What is the minimum net worth required for Canada's Self-Employed Persons Program?

The minimum net worth required for Canada's Self-Employed Persons Program varies depending on the specific criteria. As of 2021, the minimum net worth requirement is CAD $100,000 for a single applicant. However, if the applicant has a spouse or partner, the minimum net worth requirement increases to CAD $150,000. In addition, applicants must also show that their net worth was obtained through legal means and that they have a certain amount of business experience.

It is important to note that meeting the minimum net worth requirement does not guarantee acceptance into the Self-Employed Persons Program. Applicants are also evaluated on their ability to contribute to the Canadian economy through their experience, education, age, language abilities, and adaptability.

Finally, it is worth mentioning that the minimum net worth requirement may change in the future, so applicants should check for the most up-to-date information before applying.