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Tag Archives: startup visa

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.