Can a foreigner buy a business in canada?

Question

and get a work permit on that business?? i mean small scale business worth 40000 cdn or so..

Answer 1

Of course. There is even a Business Immigrant Program which lets people immigrate to Canada if they open a business worth at least $500000.

Most successful Canadian companies sell out to foreigners eventually. Such as Labatt's, Magna, Falconbridge, etc.