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Giving business to son

Printed From: Canada Immigration and Visa Discussion Forum
Category: Canada Immigration Topics
Forum Name: Business / Investor Immigration
Forum Description: Three programs offering permanent residence for persons with successful managerial experience and varying thresholds of personal net worth.
URL: https://secure.immigration.ca/forum/forum_posts.asp?TID=27223
Printed Date: 24 Apr 2019 at 7:47am


Topic: Giving business to son
Posted By: grandma
Subject: Giving business to son
Date Posted: 25 May 2017 at 7:44pm
If my son inherits my business, can he immigrate to Canada?  Or if I gift it to him prior to my passing so he can support me as I become ill?  I have terminal cancer.

He's a US citizen.

Thanks.


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GrandmaMary



Replies:
Posted By: pmm
Date Posted: 26 May 2017 at 1:22pm
Hi


Originally posted by grandma grandma wrote:

If my son inherits my business, can he immigrate to Canada?  Or if I gift it to him prior to my passing so he can support me as I become ill?  I have terminal cancer.

He's a US citizen.

Thanks.



1. No. He would still have to qualify under one of the Immigration programs.


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PMM


Posted By: pmm
Date Posted: 27 May 2017 at 11:23am
Hi


Originally posted by Usermous Usermous wrote:

Your son must have to be present in Canada, living with you while you transfer your business to him, since you are a grandma , I will assume you are old or at least above retirement age, you are also sick and may not be able to help yourself at all times.  Due to your sickness and old age; 65+ considered, There may be sufficient humanitarian grounds to grant your son permanent resident due to hardship he would face if he is to leave you to apply from abroad. To submit your application, you may need help from a lawyer.


1. Unlikely to be successful, as the grandson won't be able to work in the business, without a work permit, and there is nothing stopping the grandma in selling the business if she is unable to carry on.

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PMM


Posted By: colin
Date Posted: 05 Jun 2017 at 9:55am
If you are a Canadian citizen, as your son, he might be a Canadian citizen depending on various factors.

If you are a Canadian citizen or Permanent resident of Canada and if your son is not a Canadian citizen, you might be able to sponsor him under the family class, regardless of his age, if you, as the sponsor, do not have a spouse, common-law partner, conjugal partner, son, daughter, mother, father, brother, sister, grandfather, grandmother, uncle, aunt, nephew or niece, who is a Canadian citizen, Indian or permanent resident or has an ongoing application for permanent residence in Canada. You and your son would also have to meet other specific requirements in order to qualify.   If you wish to receive further insight, you may book a paid consultation with our firm:

http://www.immigration.ca/immigration-telephone-consultation/%20" rel="nofollow - http://www.immigration.ca/immigration-telephone-consultation/

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Colin Singer, Canada Immigration Lawyer & Managing Partner, http://www.immigration.ca" rel="nofollow - immigration.ca



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