Have you ever thought of starting a business in Canada? Are you looking for profitable business ideas or investment opportunities in Canada?
Here in this article, we have compiled some of the best sectors to invest in Canada and some of the most profitable business ideas in Canada for citizens and immigrants.
The Canadian economy, like many other developed countries, is dominated by the service sector, which accounts for about three-quarters of employment in Canada.
The small businesses operating in Canada at the end of 2017 numbered about 1.15 million, according to this report.
The statistics above indicate that a lot of entrepreneurs are doing well in Canada, so if you are an immigrant wanting to start a business here, here are 30 business ideas in Canada that you can choose from.
30 Business Ideas In Canada For Immigrants
1. Transportation Business
Depending on your financial capability, transportation business is one of the great business ideas in Canada that you can count on.
Before starting out the transportation business, it’s important you decide on the type of transport business you would go into.
Decided whether you will settle for taxi service, haulage and logistics, medical transport, trucking, courier service, Bus Company, etc.
Once you’ve made your choice, don’t hesitate to do due diligence, determine what registration, license, permit, and all would be needed to acquire to get the business up and running.
2. Freight Brokerage Business
Starting this business opportunity in Canada requires money to get all the needed equipments.
Freight brokerage business is one of the great business ideas in Canada. It requires you to own a truck and few other things.
Your duty is to act as a middleman between motor carriers and shippers, with the intention of helping the match shipper loads base on your truck capacity.
Before kick-starting freight brokerage business, you would inquire about the regulations of each province you’ll be dealing with.
Equally, you will have to know all of the basic requirement needed before starting the business from the National Transportation Brokers Association (NTBA).
3. Equipment Leasing
Engaging in equipment leasing is another lucrative business idea in Canada, one of the great business ideas in Canada . Most especially, for those people that are into mining business.
Since not everyone in the mining industry have all their needed equipment or are even ready to buy them due to their costly budget.
Majority of them prefer leasing them because it is always less expensive. Hence, you providing such kind of service will be, Without doubt, much beneficial to you.
4. Babysitting Business
This profitable business idea and opportunity in Canada are particularly meant for passionate ladies who being around kids.
After all, not all nursing mother have all days to be around with their kids; most especially when there’s no Office or workplace that will kids around the workstation.
On this note, there’s need for someone to look after the babies while their mothers are away. This is where you’ll come in as a babysitter.
5. Start African Boutique
As a Nigerian migrant in Canada, one of the easiest business ideas in Canada that you can leverage on is to open an African Boutique; a boutique with a robust collection of African attires and fashion accessories.
It is a good way of making money and your clients will not be restricted to immigrants of African descent, but people all across the city where your boutique is located who would want to identify with the African culture.
6. Start a Nigerian/African Restaurant
Another good business opportunity that is open to immigrants from Nigeria or Africa in general is to open an African Restaurant; a restaurant where African dishes and locally brewed African drinks are served.
Reality is that if you can successfully launch this type of business in Canada, you will not struggle to attract customers on a daily basis because there are loads of immigrants from African who are longing to eat African food. Just ensure that you know how to prepare leading meals from various African countries and you will be fine with the business and the income you generate.
7. Start a Home Remodeling Business
If you are a builder and an immigrant in Canada who is looking towards starting a business in Canada, you can choose to start a home remodeling business.
Home remodeling companies primarily engage in remodeling and renovating the interior and exterior of residential buildings (i.e. single-family homes and multifamily apartment building units).
Remodeling consist of additions, alterations, reconstruction, maintenance and repair work. It is a business that is highly thriving and profitable and at the same time open to immigrants.
8. Start a Unisex Salon
Opening a unisex salon is one of the great business ideas in Canada that an immigrant can leverage on. This business is a thriving and profitable business especially if it is well located in the community and you have professional male and female hairstylists under your payroll.
You can actually start this business small with one salon and then spread out to other key cities all across Canada. So also, you can leverage on the home services or mobile salon Business model to build your customer base on generate income to pay your rent and bills while growing the business. This is important because it can be challenging at first if you are new in the community you are opening your salon.
9. Start a Grocery Home Delivery Business
It is a known fact that it may be challenging to start any business, but one business that you can start with little challenges in Canada as an immigrant is a grocery home delivery business. A grocery home delivery business is a business that involves helping your clients shop groceries and get it delivered to them in their homes or offices or any location they want it delivered and you will get paid for such services.
With this type of business, you can choose to own a grocery store if you have the financial capacity to or you can choose to operate without a grocery store. The bottom line is that you should know how to source for groceries and how to get them delivered to your customers.
10. Start a House Keeping Agency Business
Another thriving and profitable business venture that an immigrant in Canada can start is a housekeeping agency business; there is indeed a large market for housekeeping agencies in Canada.
Housekeeping is basically about the management of daily duties and chores involved in the running of a household/home.
Daily activities and chores such as cleaning, lawn mowing, cooking, home maintenance, shopping, laundry, washing dishes, taking out trash after dinner and bill paying et al are carried out by housekeepers.
Housekeeping services business is one of the businesses that an entrepreneur can successfully start small and perhaps with a functional home office without breaking the bank for cash.
11. Start a Laundromat Business
In Canada and in most developed countries of the world, self-service laundry business which is popularly called a Laundromat is an essential part of urban life.
This is so because in this age and time, 24 hours seems not to be enough especially for people that work in the corporate world or even some people that run their own businesses.
As the name implies, a self-service laundry or coin wash/laundry or Laundromat is a laundry facility where people come in to personally wash and dry their clothes; technically, customers provide their own labor and still pay the for making use of the laundry equipment available. As an immigrant in Canada, you can start a Laundromat business from the scratch and build it to profitability in record time.
12. Start an Event Planning
Event planning is another good business opportunity that an immigrant in Canada can successfully start especially if you are a socialite and you have robust business network amongst immigrants in Canada.
Event planning is all about helping corporate organizations, government, groups and individuals plan and execute their events from start to finish. An event planner ensures that they work with the stipulated budget of the organization or individual and ensure that they deliver a successful event as agreed.
13. Start a Car Rental Business
Car rental services is yet another good business opportunity that an immigrant in Canada can successfully start; there is indeed a large market for car rentals all across major cities in Canada.
Car rental companies either rent or lease passenger cars to customers. Car rental services typically last a short period of time usually 30 days or less, while car leasing agreements are for longer period of time usually 12 months or more.
14. Start a Chicken Processing Plant
Chicken processing plant is one of the great business ideas in Canada for Immigrants. It is important to point out that the chicken processing plant business is one the businesses that can’t go out of fashion simply because people eat chicken meat in different forms on a daily basis.
Depending on the scale you want to start, the startup capital for this type of business can be considered to range from moderate to high. As a matter of fact, it is advisable to run poultry alongside your chicken processing plant if indeed you want to maximize profits in this business.
15. Start a Coffee Shop Business
There are immigrants from Italy and Mexico who are good in making coffee and people can go to all length to ensure that they drink coffee from their shops.
As an immigrant who is skilled in making good coffee, one of the business opportunities you can start in Canada is to open your own coffee shop; it is a business that will never go out of fashion in Canada and you can be rest assured to always generate sales on a daily basis.
As a matter of fact, it is easy to open chains of coffee shops in Canada within record time if you know how to go about it.
16. Start an Immigration Consulting Services
If you are an immigrant and a lawyer or someone who has background in immigration matters, and you intend starting your business in Canada, then you should consider starting your own immigration consulting firm.
There are many migrants who are trapped in Canada simply because they don’t know who to talk to when they have challenges with immigration issues that is why it is important to set up your own immigration attorney agency in Canada. Immigration consultancy services is indeed a big industry in Canada and as someone who is an immigrant, you are likely to have advantage in this line of business.
17. Start an Automobile Repair Garage
Auto repair business is amongst the highly thriving, profitable, easy to setup auto services related business ideas in Canada an immigrant can successfully start. In Canada and of course all over the world, car repair is one business that never goes into extinction.
This is because daily, fleets of cars are being added to the garages of people and so whether it is a brand-new car or a fairly used one, you can be sure that sometime in the future car repair would be inevitable.
18. Start an Educational Consultancy Business
Canada happens to be one of the most sought after countries for international students; they can boast of having some of the best universities in the world. As an immigrant in Canada, you can leverage on this business opportunity to start your own educational consultancy business and perhaps start with your countrymen and women who desire to study in Canada.
Being an educational consultant means that you will help your clients handle all their educational concerns. You can also help your clients (international students) obtain work permits in their new country of residence/studies and get paid for such services.
19. Start a Taxi/Cab Services Company
If you live in Canada and even as an immigrant, you will agree that the immigrant communities are at the fore front in the taxi/cab services industry. As a matter of fact, 2 out of 3 taxi drivers in Canada are immigrants. This goes to show that it is a highly profitable and thriving business that an immigrant can start.
So as an immigrant in Canada, if you are looking towards starting a business in Canada, then you should consider starting a taxi / cab services company with fleets of taxis covering key locations in different cities all across Canada.
20. Start an Aerial Drone Photography Company
Drone technology is rapidly gaining prominence in the globe beyond the military circuit and Canada is one country with a large market for aerial drone photography services. So, if you are an immigrant in Canada who is looking towards leveraging on an emerging market to start a viable business, then you should look towards starting an aerial drone photography company.
Drones are unmanned but controlled aircraft (aerial vehicle or unpiloted vehicle) used in the military during war to attack the enemy’s camp and also are used by the military for surveillance and to gather intelligence. Drones are also used by the military to deliver foods to front line troops during wars.
21. Driving School
The average Driving Instructor salary in Canada is more than $40,275 per year. There is a good demand for deriving instructors in Canada, especially in cities like Toronto.
If you are good at driving or have a good network of driving instructors, starting a driving school is one of the great business ideas in Canada that can fetch you good returns.
22. Mobile Car Wash
You can start a car wash business in Canada with an investment of $25,000. Check around if there is a demand for car wash services from car owners in your nearby locality, a mobile car wash business is worth starting.
23. eCommerce Business
Much like the rest of the global market, the e-commerce industry in Canada is on the rise. As more consumers shift spending from physical stores to online merchants, e-commerce has dramatically changed the way retailers reach customers, making it faster and easier for consumers to make purchases on the fly while avoiding the hassles of going to the store. Retail e-commerce sales are defined as the purchase or commitment to purchase goods or services over the Internet.
24. Debt Collection Agency
A collection agency is generally hired by a lender to help in collecting the debt that remains unpaid for a longer period of time. Talk with the competent authority in your locality, and understand the legalities to start a debt collection agency in Canada.
25. Air Conditioning Service
Canadian winters and hot summer days require heating and air conditioning systems in their homes. Installing and maintaining warming and cooling systems create a profitable business opportunity in Canada. Hence if you have some experience in this field, starting an HVAC business can be a lucrative venture.
26. CCTV Camera Sales & Installation
The business of CCTV installation is getting momentum here in this part of the world. However, to start this business you need to learn the technical aspects of installing and maintaining these devices.
27. Property Management
Real estate owners and landlords in cities like Toronto, Vancouver are always looking for dependable and professional property managers in selling their properties. As a property manager, you will act as a facilitator between real estate buyers and sellers.
28. Interior Designing
Interior design is a highly paid job in Canada. However, to be a professional interior designer, you need to be certified. In addition, you have to have certain years of working experience in the job before offering services as a professional.
29. Security Business
If you are interested in starting a security-related business in Canada, it is vital to choose your niche. There are multiple niches you can consider like home security, personal security, event security, security for automobiles, etc.
The demand for a professionally managed security company is a reality.
30. Pet Related Business
The pet industry is growing rapidly worldwide. People are buying more pets nowadays and spending a lot of money on them to give the ultimate comfort.
The attitude and sentiment behind this are the majority of the population now considers their pet to be a member of the family. In this scenario, starting a pet-related business from home is just a wise decision.
All the above-mentioned business ideas in Canada are among the best you can pursue once you get to Canada.