Canada is renowned for its forward-thinking approach to immigration, especially when it comes to fostering innovation and economic growth. A recent announcement by the Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship, has further solidified this reputation.
At the Collision 2023 event, Minister Fraser unveiled Canada’s first-ever Tech Talent Strategy. This strategy is a comprehensive approach to ensure that Canada remains at the forefront of the global tech industry. It includes several measures designed to attract top talent and fuel innovation, ensuring that Canada remains a hub for emerging technologies.
Key Highlights of the Announcement:
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Open Work Permit Stream: A new initiative allowing H-1B specialty occupation visa holders in the US to apply for a Canadian work permit. This also extends to their family members, providing them with options to study or work in Canada.
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Innovation Stream: Under the International Mobility Program, this stream aims to attract highly talented individuals. It offers employer-specific work permits for up to five years for workers associated with companies identified by the Canadian government as contributors to industrial innovation goals.
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Global Skills Strategy: A return to the 14-day service standard for work permits, promoting Canada as a destination for digital nomads.
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Enhancements to the Start-up Visa Program: Several improvements have been made, including:
- Increased spots for 2023, with further increments planned for the subsequent years.
- Extended work permit durations, up to three years.
- Open work permits for entrepreneurial teams, not just essential members.
- Prioritization of applications supported by venture capital, angel investor groups, and business incubators.
The overarching goal of these measures is to position Canada as a leader in global tech talent recruitment. By attracting the skills and business talent necessary for the jobs of tomorrow, Canada is ensuring a bright future for its tech industry.
FAQs:
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What is the Tech Talent Strategy?
- It’s a comprehensive approach launched by the Canadian government to attract top tech talent, fuel innovation, and ensure Canada remains a hub for emerging technologies.
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How does the new open work permit stream benefit H-1B visa holders in the US?
- It allows them to apply for a Canadian work permit and provides study or work options for their family members in Canada.
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What are the enhancements made to the Start-up Visa Program?
- The program now offers increased spots, extended work permit durations, open work permits for entrepreneurial teams, and prioritizes certain applications.
By sharing this news, Advise Bay aims to keep its audience informed about the latest developments in Canada’s immigration landscape, especially those that can impact startups and entrepreneurs. Stay tuned for more updates and insights!
