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Category Archives: Start-up Visa Program

How to get a work permit to work in Canada

Canada invites international talent to help it achieve its economic and social goals by awarding several sorts of work permits. Thousands of work permits are provided to foreign workers each year to meet the country’s economic and labor market needs.

There are several work permit pathways or programs to choose. Nonetheless, these pathways are divided into two categories.

  • Temporary Foreign Worker Program (TFWP)
  • International Mobility Program (IMP)
Temporary Foreign Worker Program (TFWP)

The Temporary Foreign Worker Program addresses Canada’s labor shortages. Employers must first acquire a Labour Market Impact Assessment (LMIA) demonstrating that they were unable to fill the post with a Canadian citizen or permanent resident.

Immigration, Refugees and Citizenship Canada (IRCC) and Employment and Social Development Canada (ESDC) run the TFWP jointly. Employers can only hire foreign workers after acquiring an LMIA from ESDC, which authorizes the foreign national/worker to apply for a Canadian work permit or permanent residency in Canada.

The role of Labour Market Impact Assessments on issuance of work permits-

A Labour Market Impact Assessment (LMIA) is a document produced by ESDC that evaluates the effects of hiring a foreign worker on the Canadian labour market. While the majority of firms who hire foreign labour will need an LMIA, there are several exceptions. These exclusions to the LMIA are based on the following criteria:

  • Greater economic, cultural, or other competitive advantages for Canada and
  • Benefits enjoyed by Canadians and permanent residents.

A positive LMIA means that no Canadian citizen or permanent resident is available to fill a post, allowing a company to hire a foreign national.  If the LMIA is negative, it means that a Canadian citizen or permanent resident should fill the position.

Getting a Canadian work permit under the Temporary Foreign Worker Program

The foreign worker can apply for a work permit by submitting their employment offer letter, LMIA and all other supporting documentation to IRCC.

Employer-specific work permits, often known as “closed” work permits, are issued under the TFWP. This means that the foreign worker can only work for the employer that recruited them and for the length of time that the Canadian government has permitted.

International Mobility Program – What is it all about?

The International Mobility Program (IMP) is a program to promote Canada’s many economic and social objectives. The International Mobility Program (IMP) allows Canadian firms to hire foreign workers on a temporary basis without having to go through Labor Market Impact Assessment (LMIA) process.

Foreign workers who are eligible under the IMP can apply for a work permit through the IRCC. Some foreign workers may be able to skip this phase entirely and work in Canada for a limited time. 

Either the employer or the foreign worker can lead the process of obtaining a work permit under the IMP. In case an organization or an employer has a vacancy and a foreign worker qualifies for an IMP stream, the foreign worker can be hired.

A Canadian employer must follow these three procedures or criterion in order to hire a foreign worker through the IMP such as:

• Verify that the position or employee in question is eligible for an LMIA exemption.

• Pay $230 CAD employer compliance fee

• Use the IMP’s Employer Portal to submit the official employment offer

Only after completing the above-mentioned three steps will the foreign national be eligible to apply for their own work permit. LMIA-exempt workers may qualify for expedited work permit processing through the Global Skills Strategy if their position in National Occupational Classification (NOC) Skill Level A or 0 and they are applying from outside of Canada.

Regulated Canadian Immigration Consultant (RCIC) at CAN X can help you with your work permit application.

Contact us for a free consultation.

Canada’s Best Immigrant Investor Programs

Canada is rated as one of the best countries in the world for business and getting incredible return of investment (ROI). With a stable economy and a pool of talented and skilled workforce, Canada is a real opportunity for business owners and entrepreneurs seeking an unparalleled quality of life by getting permanent residency status.

Types of Immigrant Investor Programs – A Glance

Canada received a score of 87.2 making it an attractive destination for business and investment. Global investors can unlock investment opportunities and facilitate expansion in Canada with the following investor programs. 

The Start-up Visa Program

One of the most common ways to bring your businesses to Canada or research about investment opportunities is to apply for a Startup Visa. Its main purpose is to help foreign business owners, investors, and prospective entrepreneurs realize their entrepreneurial aspirations. Entrepreneurs who are willing to establish new, high-growth businesses in Canada, support innovation and create jobs should apply under this program. 

The British Columbia Entrepreneur Immigration Regional Pilot

British Columbia is an excellent province to invest in Canada, particularly if you want to invest in the technology sector. British Columbia is renowned as one of Canada’s IT hotspots, and it is always on the hunt for the best tech workers from across the world looking for job opportunities in Canada.

The major goal of this business immigration program is to attract new businesses to the province’s smaller municipalities, resulting in increased economic growth and development.

The Saskatchewan Entrepreneur Stream

The Saskatchewan Immigrant Nominee Program (SINP) is a Provincial Nominee Program (PNP) that allows overseas entrepreneurs to start a new business or buy an existing business in Saskatchewan province. This program is aimed towards seasoned business owners or senior executives who desire to relocate to Saskatchewan.

The program operates under 3 sub-categories:

  • Entrepreneur Category
  • Farm Owners and Operators – Young Farmer Stream
  • International Graduate Entrepreneur Category

Individuals interested in relocating to a specific Canadian province or territory can apply for permanent residency through provincial nominee programs also known as PNP. Each one of the above Canada Investor Visa programs for immigrants requires the applicant to meet certain requirements to be eligible for business immigration to Canada.

Why invest in Canada

Canada provides lot of opportunities for investors and entrepreneurs for creating job opportunities thereby contributing to the development of Canadian economy. The three main benefits of investing in Canada include:

  • Access to global market

One of the most significant advantages of investing in Canada is its strategic position and favorable trade agreements. It has 14 trade agreements with 51 nations, with a total population of 1.5 billion people. Canada is a global trading hub due to its position, multiple coastline ports, and secure trade infrastructure.

  • Highly talented workforce

Canada has the world’s best-educated workforce and it is always on the lookout for new international talent at all levels. In 2021, the Canadian government plans to welcome 401,000 newcomers, with 232,500 of them coming through federal economic programs including the popular Express Entry stream.

  • Lower Costs and lower risks

Canada is also known for having a low Marginal Effective Tax Rate (METR), which is around 23.8 percent. In fact, it is the lowest of among G7 countries, and it is far lower than the Organisation for Economic Co-operation and Development (OECD) average.

Canada is one of the world’s most politically stable countries, ranking 11th on the Corruption Perceptions Index (CPI) and having the safest banks in North America. As a result, your business will have lesser risks and would be lower on cost.

We at CAN X will help you in determining which of Canada’s investor visa options are best suited for your business needs.

Canada : Life Science leadership during COVID-19 pandemic

COVID-19 has disrupted the world and has slowed down the global economy. Canadian government has done a commendable job by focusing on COVID-19 containment and immediate relief by collaborating with health organizations and other authorities. IRCC has stated that Canada’s priority has been one of protection and preparation: protecting people’s health and safety while preparing business for a smooth transition to recovery. This successful response to coronavirus has showcased the strong relation among life science and professional health care management in the country.

The Canadian life sciences sector is a vital contributor to Canada’s innovation economy, and one of the country’s fastest growing industries participating towards medical innovations that will enhance the health-care delivery and patient care in Canada and around the globe. This Canadian sector comprises occupations within research, development, and manufacturing. This sector includes small and medium-sized companies developing diagnostics, bio pharmaceuticals, pharmaceuticals, and medical appliances, as well as international companies with research, development, and production operations in Canada, serving both domestic and international markets.

British Columbia has one of the largest bio technologies and life sciences sectors in Canada. The province plays an important role in the growing global life sciences industry. There are 310 life sciences organizations in British Columbia with estimated employment of 14,000 people contributing $1.03 billion to provincial GDP growth. The BC life sciences sector includes a broad range of companies, government agencies, healthcare research organizations and academic partners.

In parallel with Canadian government initiatives, there are various companies contributing towards development of products and services to curb COVID-19 pandemic. Some of these companies are:

Thornhill Medical is a medical device innovator company based in Toronto. This company has been producing and delivering revolutionary portable ventilator systems in large quantities to health care facilities across Canada.

Roche is a global company pioneering in pharmaceuticals and diagnostics of advanced science. They are the world’s largest biotech company focused on personalized healthcare. This company created a COVID-19 antibody test which will help determine if a patient has been exposed to coronavirus and if the patient has developed antibodies. This test is supporting the country’s economic recovery and is recognized as a significant contributor to Canada’s testing capability.

Hexoskin is a smart shirt company based in Montreal. Since the advent of the coronavirus pandemic this company has been working with the government and health systems in the US, UK, and Canada to support health care services. They have been successful in developing a high-tech shirt that monitors COVID-19 patient’s vital signs from the comfort of their home. Hexoskin supports hospitals by freeing up space and easing the burden on staff via installing patient-monitoring systems in hospitals and setting up own telehealth teams.

Medicago is a company rooted with a long track record of innovation and perseverance. They are situated in Quebec and have successfully created a nominee for a coronavirus vaccine using their innovative plant-based technology. They were the pioneer in Canadian clinical trials of any COVID-19 vaccine.

Sona Nanotech Inc. is a medical device company based in Halifax. Sona has been awarded a $4.1 Million grant by Prime Minister Justin Trudeau as per the NGen Initiative to accelerate COVID-19 test development. They are creating a ground-breaking antigen test to detect the presence of COVID-19 beforehand, rather than detecting antibodies after infection which can be used at point of care and deliver results in as little as 10 minutes.

Quantum Silicon Inc. is an Alberta based company, applying nanotechnology in electronics to develop faster and more energy-efficient technologies by manipulating matter at the atomic scale. Their CEO states the importance of government incentives in building a stronger industry.

Although there are hundreds of jobs available in the Canadian life science sector, Canada is struggling to meet labour demand needs and requires highly skilled foreign individuals and innovative entrepreneurs in search of investment opportunities or ways to expand their existing business abroad.

Canadian government is trying to help bridge the labour gap by providing pathways for skilled foreign workers to live and work in Canada. Two of these pathways include the Express Entry System and the Provincial Nominee Programs which not only made the immigration process easier but also fast-tracks the visa process, allowing newcomers to immigrate to Canada with their families in as little as 6 months.

Incentives provided by the Government

The government implemented various incentives to support Life science development in Canada, such as:

  • Canada’s Strategic Innovation Fund (SIF), which provides funding to large projects with an objective to stimulate innovation for a better tomorrow in Canada. SIF brought forward projects to fight against COVID-19 and this program was expanded by additional funding to support the clinical trials for COVID-19 related vaccines and therapies.
  • The Scientific Research and Experimental Development (SR&ED), which gives tax credits and refunds to eligible companies in Canada and is the country’s largest R&D tax credit program. Some examples include operations research, data collection, engineering, testing, psychological research, or design.
  • The Canada Foundation for Innovation (CFI), which funds research in universities, colleges, research hospitals and non-profit research institutions.
  • Genome Canada, which is responsible for providing large scale investment to help develop new tech and create solutions to challenges faced on a national scale.
  • Mitacs is a non-profit research organisation that funds technology-specific internships and fellowships through Canadian universities by partnering with Canadian academia, private industry, and the government.
  • Canadian Institutes of Health Research (CIHR), a funding agency supporting innovative improvements in the health care sector.
  • Canada Brain Fund (CRF), which supports and funds Canadian brain science.

Along with these strategies, comes the Global Skills Strategy, which allows Canada to enrich its skilled workforce by bringing in highly skilled individuals from abroad. This strategy was developed by IRCC to help employers find highly skilled workers faster and bring them to the country within 2 weeks.

The Start-up Visa Program gives foreign investors the opportunity to start or invest in a business anywhere in Canada. Through this program applicants are also able to get permanent residency in Canada, provided they meet government requirements.

Canada is an ideal place for nanotech companies to invest and expand as life science sector is supported by a booming group of academia, world-class talent, government support and investors from around the world. Innovation in life sciences requires a collaborative ecosystem of partners such as hospitals, research centres, universities, technology incubators, start-ups, scientists as well as multinationals – and every day they are collaborating in Canada.

Canada’s life sciences businesses are among the most lucrative sectors where companies with global footprint are investing. This is because Canada offers a qualified workforce and is globally rated at the top for having the most educated workforce in the world, with over 55 per cent of its population possessing a tertiary qualification. Along with this Canada is the only country in the world, able to trade freely with every G7 nation. This free trade boosts opportunities to increase investment revenue by offering preferential market access to more than 1.5 billion consumers in 51 countries.