Canada to introduce new work permit for U.S. H-1B visa holders!!! Please visit OM INTERNATIONAL to know more!!
Today, Canada’s Immigration Minister Sean Fraser announced additional measures aimed at attracting more global tech talent to Canada. These measures comprise the launch of what Fraser and Immigration, Refugees and Citizenship Canada (IRCC) are referring to as Canada’s first-ever Tech Talent Strategy.
New 3-year open work permit for H-1B visa holders
IRCC will improve labour mobility in North America by creating a streamlined work permit for H-1B speciality occupation visa holders in the US to apply to come to Canada. Right now, many workers in high-tech fields are employed in companies with operations in Canada and the US, and those working in the US often have a H-1B speciality occupation visa.
As of July 16th 2023, H1-B holders in the US and their accompanying immediate family members will be eligible to apply to come to Canada. The approved applicants will receive an open work permit for up to three years, which means they can work for almost any employer in Canada. In addition, their spouses and dependents can also be eligible to apply for a temporary resident visa.
IRCC believes this will expand available opportunities for skilled workers to continue to pursue careers in the high-tech sector and contribute to economic growth in North America. This measure will remain in effect for one year or until IRCC receives 10,000 applications.
New Innovation Stream under the IMP
IRCC will develop a new Innovation Stream under the International Mobility Program to attract highly talented individuals. After consulting with tech industry stakeholders, there are still labour shortages in key tech occupations, and broadening Canada’s talent base should continue to be a goal.
The Canadian Government will therefore launch a new Innovation Stream by the end of 2023, that will create an exemption from the Labour Market Impact Assessment (LMIA) process to help employers and talented workers in support of Canada’s innovation priorities and high-tech industries.
IRCC is considering two options:
· Employer-specific work permits for up to five years for workers destined to work for a company identified by the Government of Canada as contributing to our industrial innovation goal
· Open work permits for up to five years for highly skilled workers in select in-demand occupations
Improvements to existing tech programs
The Start Up Visa (SUV) program is a path to permanent residence for foreign entrepreneurs who gain the support of a designated Canadian venture capital fund, angel investor organization or business incubator for their start up.
To address the lengthy wait times for applicants, more spots were allocated under this program, increasing from 1,000 to 3,500. This means targets have tripled the number of permanent residents expected in the Federal Business category for 2023, and this number is expected to increase even more for 2024 and 2025.
In addition, IRCC will change the temporary work permit option for SUV applicants and allow them to apply for an open work permit of up to three years, rather than a one-year work permit that limits them to work solely for their own start up.
This is in response to feedback from stakeholders that have made it clear that start-up entrepreneurs may not have the ability to make a full salary and being given the opportunity to earn additional income elsewhere can ease financial stress on these individuals and their families.
The work permit will be available to each member of the entrepreneurial team. Before this announcement, only members of the entrepreneurial team who were identified as essential and urgently needed in Canada could apply for a work permit.
IRCC will also prioritize applications that are supported by committed capital or endorsed by a business incubator that is also a member of Canada’s Tech network to move to the front of the processing line.
Temporary work permit holders are eligible for Canadian PR visa
Key aspects of getting a Canadian PR visa
· Foreign workers on a temporary work permit in Canada are eligible to apply for PR
· The four Canadian immigration programs are used to obtain PR
· Open work permit & Employer-specific work permit are the two-types of work permits
· Permission to Live and Work in Canada
· An individual will be able to avail universal healthcare
· Permanent residence is a road to Canadian citizenship
Overview:
· Foreign workers on a temporary work permit in Canada now have better chances of their PR visa getting approved if they apply. Below are the types and aspects to obtain, apply for a permanent residence in Canada through work permit.
For more information please feel free to contact on :
VISHAL SHAH
CEO - OM Group of Companies
OM INTERNATIONAL
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