The law says
IRPR r. 100(1)For the purposes of subsection 12(2) of the Act, the self-employed persons class is hereby prescribed as a class of persons who may become permanent residents on the basis of their ability to become economically established in Canada and who are self-employed persons within the meaning of subsection 88(1).
Minimal requirements
(2)If a foreign national who applies as a member of the self-employed persons class is not a self-employed person within the meaning of subsection 88(1), the application shall be refused and no further assessment is required.
Provisions this one cites
IRPA Authority
Justice Laws is the authoritative version. If this copy and it ever differ, Justice Laws wins.