Permanent residents can live, work, and study in Canada without restriction. They may receive Canadian public benefits, including health care coverage. They receive protection from the Canadian constitution and have the same rights and privileges as citizens, with a few exceptions.
Permanent residents cannot vote in elections or hold office. They also aren’t eligible for some high-security clearance jobs.
Permanent residents may apply for Canadian citizenship if they meet all the eligibility requirements.
Permanent residents must spend at least 730 days in a 5 year period in Canada or they risk losing their status.