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Client stories · Canada Federal Start-up Visa (SUV)

Example case: What to do when asked for more evidence of settlement funds

Summary

Illustrative scenario: Mr Cheng (pseudonym) and the SUV. He had already applied for the Start-up Visa.

This is an illustrative scenario: the people and details are for explanation only and are not a real client case. Every family’s outcome depends on its background and the policies in force at the time.

Background

Mr Cheng (pseudonym), Taichung, wife and three children. He had already applied for the Start-up Visa.

Main concern

IRCC asked for more evidence of settlement funds, and his money was spread across several accounts.

Our approach

We gathered freely available funds meeting the requirement for a family of five, with an official bank letter stating the balance and average balance.

Process and outcome

Processing continued after the reply, and the family later received permanent residence.

Adviser’s comment

Settlement funds must be personal funds available immediately — consolidate them early and keep records.

SUV application process

  1. Assessment and business direction (1–2 weeks): We choose a business direction that suits your background.
  2. Business plan and prototype (1–3 months): We write the business plan and pitch deck, and our in-house developers build a website or app prototype.
  3. Incubator and letter of support (Per the incubator’s timeline): Join a designated incubator and obtain the letter of support — with a full refund if it cannot be obtained.
  4. Permanent residence application (Previously about 18 months): File the permanent residence application with the letter of support; applicants already in Canada on an SUV work permit are now processed first.

Is this right for you?

Every family’s background and timeline is different. To find out whether a similar plan could work for you, book a free consultation with Global Immigrate.

Learn more: Canada Federal Start-up Visa (SUV)

FAQ

Can I still apply for the SUV?

No. The programme has been paused since 30 June 2026 and only accepted applications are being processed. IRCC plans a new pilot programme for immigrant entrepreneurs; we will let you know as soon as it opens.

Is the SUV about buying an existing business?

No. The SUV requires a new innovative business in Canada; we build a company specifically around your background.

What if I cannot get a letter of support?

If you are not accepted by a Canadian government-designated incubator or do not receive a letter of support, for any reason, Global Immigrate refunds 100% of your fees.

Sources

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