July 24, 2024 5:15 AM

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Canada Launches Several New Immigration Measures to Woo Global Tech Talent

Canada is emerging as the most attractive destination for aspiring immigrants exploring career and business opportunities in the international Tech sector. Canada is sharpening its immigrant-friendly policies by introducing multiple measures to entice global tech talent to contribute to its booming technology sector.  

There is an enormous demand across in-demand skills to meet Canada’s innovation priorities and establish it as the global leader in emerging technologies. Canada perceives its immigration goals as strategic objectives rather than numerical targets. Keep reading ahead to discover how Canada is attracting foreign Tech talent through its new Tech Talent strategy.

1. New Open-work stream to welcome H-1B Visa Holders

July 16 will witness the launch of a new Work Permit pathway to welcome 10,000 H-1B Visa Holders from the US. The new Open Work permit will allow eligible candidates to work anywhere in Canada for any employer. These open work permits have no employer-specific restrictions like LMIA. The Open Work Permit applies to the accompanying family members of H-1B Visa holders. The Work Permit quota excludes accompanying family members.

2. STEM-specific PR pathway

Canada launched its first-ever category-based Express Entry draws to focus on candidates in STEM (Science, Technology, Engineering, and Mathematics) occupations. The new STEM category covers 24 occupations. Candidates aspiring to receive invitations through the STEM-specific category-based Express Entry draws should strive to improve their CRS scores for greater competitiveness.

3. Expediting processing of Work Permits under the Global Talent Stream

Canada is restoring the 14-day service standard to process work permits under its Global Talent strategy. It will enable Canadian employers to attract international skilled workers speeding up the selection and recruitment of eligible immigrants. The entire process of hiring a foreign skilled worker will require just a month to finish.

4. New LMIA-exempt innovation stream 

Canada is developing two pathways to attract highly talented immigrants through the International Mobility Program. There will be an employer-specific stream to provide work permits valid for five years. Eligible candidates can work for government-identified organizations to meet Canada’s Industrial innovation goals. Another stream will focus on certain in-demand occupations to issue work permits valid for five years with no LMIA restrictions.

5. Canada to become the go-to destination for digital nomads 

Canada’s upcoming Digital Nomad Strategy will facilitate digital nomads to benefit from its rich tech infrastructure while enjoying an exceptional quality of life, immigrant-friendly communities, and scenic natural beauty. The Digital Nomad Strategy allows remote workers of foreign employers to enter Canada as visitors to live for up to six months. Tech professionals working remotely in Canada can continue living in Canada beyond the six-month Visitor Visa if they receive a job offer from a Canadian employer.

6. Enhancing the Start-up Visa Program

Foreign entrepreneurs with innovative business ideas prefer Canada’s Start-up Visa Program to launch and grow their enterprises and settle in Canada. Immigration, Refugees, and Citizenship Canada (IRCC) will process Start-up Visa applicants on priority if the applicant secures funding from a business incubator, angel investor group, or designated Canadian Venture Capital Fund. Applicants will get an open work permit to stay in Canada, awaiting a decision on the Start-up Visa application. IRCC is increasing the annual quota for start-up visa spaces from 1,000 to 3,500.

The takeaway 

Launch of the new Tech Talent Strategy will boost Canada’s Tech sector to make local Tech businesses globally competitive. By announcing multiple changes and improvements, Canada is creating a fertile ground for highly talented foreign Tech professionals to explore lucrative career opportunities while relocating to Canada. The first-ever Tech-Talent strategy aims to attract international talent to drive innovation in the high-growth Tech sector.

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