Why You Need an Ontario Business Plan for a Canadian ICT

1. Why You Need an Ontario Business Plan for a Canadian ICT Canada and Ontario are consistently ranked top places to do business. It’s no wonder that a number of global companies have chose to open offices or purchase companies there. Any company that has a qualifying business tie to Canada is eligible to send foreign employees there under an Intra-Company Transfer (ICT). If they, and the employee, wish to do this, they will need an ​ICT Business Plan​ for the Ontario business. The most important part of an ​Ontario Business Plan​ for an ICT is proving that the employee will bring a significant benefit to the Canadian economy. Eligible employees must either hold an executive, senior management, or specialized knowledge role. The

2. specialized knowledge doesn’t necessarily relate to specific skills, but rather specific knowledge of the company’s products, processes and/or procedures. In other words, although the ICT is exempt from a Labor Market Impact Assessment (LMIA), the company may only nominate employees for a role that is not easily filled by a current Canadian resident or citizen. One of the best ways to demonstrate this is through an ICT business plan. There are additional qualifications. This includes providing evidence that the candidate has been with the company for at least a year of full-time work and that the job they will be performing in the Canadian enterprise is comparable to the work they provided in their current country. Your ​Ontario Business Plan​ for ICT will also need to demonstrate there is a qualifying relationship between the foreign company and the Canadian one. This begins by showing that both companies are fully registered legal entities who are actively doing business. The relationship must be that of a parent company, subsidiary, branch, or affiliate. In some cases, this is easy to show but, often it is most easily demonstrable in an ICT business plan. Another reason that an ​Ontario Business Plan​ for an ICT is so helpful is because it is also ideal if the company can demonstrate the transfer will lead to job creation. This is further evidence of the significant benefit to Canada. The best way to show the specific objectives of the transferee on the business and connect the dots on how that will lead directly to job creation is the business plan.

3. The ICT is a temporary work permit that is valid for one year. ​However, if the business entities and transferee continue to uphold their requirements, it may be extended. It can also lead to permanent residency for the employee, if they choose to pursue that path. Although the transferee must legitimately be coming to the country to participate and bring value to the Canadian enterprise, this may be a way to appeal to potential employees a company wishes to transfer. Regardless your specific need or circumstance under which a company requires a foreign employee to transfer to Canada, an Ontario business plan is the best way to demonstrate that both businesses – the foreign and Canadian enterprise – as well as the transferee meet the requirements. This may be achievable through submitting various documents, but an ​ICT Business Plan​ artfully ties these components together while demonstrating it results in a significant benefit to the economy.