The immigrants settled in Canada for at least a decade are more likely to have a private company that the Canadian-born population, according to a study released Monday by Statistics Canada.
The document indicates that immigrants living in Canada for over 10 years show private business ownership rates higher incorporated company as entrepreneurs born here.
business ownership rates are rather low among immigrants during their first years in Canada, but over time, their rates exceed those of Canadian-born, according to the federal agency.
"In 2010, for immigrants who filed a return for the purposes of income tax and who had settled in Canada for 10 to 30 years, approximately 6% were private business owners incorporated with paid workers. In comparison, the corresponding percentage among those born in Canada have filed a return for the purposes of income tax was approximately 5%, "explained the government statisticians.
The paper released in Ottawa indicates that private companies incorporated belonging to immigrants employed an average of about four paid employees, while those held by individuals born in Canada had approximately seven paid employees.
All private incorporated companies owned by immigrants, 45% were in four industries: professional, scientific and technical services; retail trade; accommodation and food services; and transportation and warehousing.
In the case of private companies incorporated belonging to the Canadian-born, the third was in these four industries.