[p-bende88]

You're thinking of the old Entrepreneur Program, that'd been around since the 1970s.

That program simply facilitated new Canadians to make smaller convenience stores or low-risk ventures at best (smaller, safer enterprises, etc). It's criteria was largely just net worth and business experience. The only path to Canadian permanent residence was the creation of one new job every three or four years.

As you'd guess, it didn't exactly inspire risk takers.