BC PNP – ENTREPRENEUR IMMIGRATION – Final Report Guide and Checklist

This Final Report Guide will provide additional details to the required documents listed in the Final Report

Checklist.  The Guide’s sections will correspond to the sections from the Checklist.

Only items marked with an asterisk (“ * ”) are explained.

2. 2. General Terms for the Applicant (and Key Staff, if applicable)

• (d) Evidence of active management
  •  You must submit evidence of your active management and participation in the operations of your business.
• (e) Copy of all the pages of your current passport
  • You must submit a recent photocopy of all the pages of your current passport. If your passport was issued after you arrived in B.C. with your valid work permit (within the last 20 months), please also provide a photocopy of all the pages of your previous passport .

3. 3. General Business Information

• (j)  Financial statements that have undergone review engagement
  • Submit the most recent fiscal year-end as well as up-to-date interim financial statements that have undergone review engagement and prepared by an accountant with a professional designation. Financial statements must include balance sheets and profit & loss statements.

4. 4. Eligible Personal Investment

• (a) Evidence of your eligible personal investment made from your personal net worth
  • Provide evidence that your eligible personal investment was made from your personal net worth.
  • This may include bank statements demonstrating the transfer of funds from your personal account to the business account.
• (b) Detailed break down of your investments with accompanying invoices and receipts
  • Please include a subsection for each and every investment item you are claiming in your Final Report that corresponds with the investment items listed in you your Performance Agreement such as the purchase price of the existing business, new equipment, leasehold improvements, furniture, wages, advertising, etc.*
  • Each subsection must include a covering summary page that lists the individual expenses and costs for each expense item. The amounts for each expense item must add up to the investment amount for each category claimed in your Final Report. The summary page must be followed by receipts and invoices for the major expense items listed in the summary page as documentary evidence.

For example:

Investment item: New Equipment

Performance Agreement investment requirement: $30,000

Amount claimed in the Final Report: $33,746

Summary page would list the new equipment purchased:

• 1. Hydraulic lift invoice $8,325
• 2. Welding equipment receipts $2,870
• 3. CNC drill press invoice $15,958
• 4. Towing trailer invoice $6,593

$33,746

The subsequent four pages would include invoices and/or receipts for these items in the order they are listed on the summary page.

DOs

• Include a summary page for each investment category listed in your investment breakdown.
• Ensure you include documentary evidence such as copies of paid bills, statements, purchase orders in your name (principal Applicant) and/or company name related to major eligible investment expenditures.

DON’Ts

• Do NOT include invoices or receipts for less than $1,000 unless requested to do so by the BC PNP.
• Do NOT submit your Final Report if you have not summarized the investments for each investment category.
• Do NOT submit invoices and receipts out of order.

5. 5. Job Creation

• (a) Summary of all of your current employees
  • Provide a summary listing all of your current employees along with their job titles, hourly wage rates, average number of hours worked per week, the start date of the employee, the length of time worked by the employee,  NOC codes, and their status in Canada.
• (d) T4 Summary and copies employee pay stubs for the most recent 3 months
  • The pay stubs or pay statements must comply with BC Employment Standards regulations.
• (e)  Most recent 6 months of CRA payroll remittances and your company’s payroll records
  • You must provide a copy of payroll remittances from from the Canada Revenue Agency for the most recent 6 months.
  • You must submit a copy of your company’s payroll records for the past 6 months
• (f)  Record of Employment document for each employee that has quit or that was terminated*
  • For more information on filing ROEs

DOs

• Ensure your business is complying with BC Employment Standards regulations
• Provide only required documentation unless requested by the BC PNP

DON’Ts

• Do NOT provide personal information of your employees without their consent
• The  Personal Information Protection Act requires employers to obtain the consent of their employees when disclosing personal information.  It is your responsibility as the employer to advise employees and obtain their consent.