The Actively Manage means you have to be part of day to day activities particularly decision making & direction, If you go through business agreement document (Last step before you get your work permit), it mention what documents you need to show at the end of 1 year in order to apply for your PR , this list include Payslip, your company bank statements, invoices from suppliers, invoices to customers, office expanses...these documents I can not get when I appoint someone to act on my behalf to cultivate on my land...
I am still looking for another option to invest required CAD 150,000 in order to be able to apply for PR after 1 years, My intention is business for PR purpose only, even if it does not earn anything for whole year...
Lets share & help each other..
Vijay,
I'd like to explore this idea a bit more so let's discuss what options we can have here.
If you buy the farm, and let someone work on the farm without you doing anything, then it's obviously you are not
Actively Manage the business.
But if you buy the farm, and sign a contract with farmer/farming company that:
- They will cultivate crops on the farm for you.
- They provide you with progress reports.
- You can visit and have access to the farm and discuss any concern matter with them.
- They are paid by you (even from the harvested crops 5 years later)
- You can terminate the contract (under certain conditions of course)
...(as many terms and conditions you and your contractor can agree)
Then you do spend your time for this contract: get progress report, make visits to the farm, take pictures, discuss concerns, signing meeting minutes with the contractor...etc. All these activities mean you
Actively Manage the business (to me).
All other documents need to show, you will have if your business complies with program requirements: you must have an office -> office expenses, invoices from office service providers. You must create at least 1 job -> payslips will be available.
So to me, we still can
Actively Manage a farming business without digging the soil by ourselves. But there are still problem(s) of:
- Whether NSOI will accept farming as eligible business (I don't see it on in-eligible list, so I guess YES).
- If yes, do you have education background or experience related to the business and convince NSOI that you can success.
- Will your BEP be accepted by NSOI (I guess they have their discretion right).
Your thoughts, pls?