Due to the boom in domestic venture capital that is supporting the development, Canada’s tech industry is growing faster than the US. As a result, firms in Canada are hungry for highly skilled individuals.
According to LinkedIn’s newest Workforce Report for Canada, the Canadian IT workforce rose by 1.6 percent in the previous year. In comparison, only 1.1% of the population lives south of the border.
“The expansion of Canada’s tech workforce comes as a few trends converge: record-level investment is spurring hiring from homegrown tech companies across the country, just as the number of other established industries across Canada doubles down on scaling out their tech capabilities,” notes LinkedIn senior editor Riva Gold.
Last year, venture capital investment in Canada increased by 215 percent to $14.2 billion, with almost $9 billion going to the information, communications, and technology industry.
As a result, tech businesses have begun to hire. Following the completion of the largest financing round in Canadian history, 1Password is projected to treble its staff in the following year. In the last two years, Wealth simple, a fintech start-up, has more than quadrupled its full-time personnel.
With the arrival of major US companies like Wayfair, Uber, Reddit, Amazon, and Google in the Greater Toronto area, it’s clear that now is a good time for software engineers, information technology specialists, web developers, and others with these tech skills to be looking for career advancement in Canada.
“In the last few weeks alone, Walmart Canada announced one of its two new global tech hubs would be located in Toronto as it looks to hire 5,000 tech workers this year, while Facebook, Instagram and WhatsApp parent Meta shared plans for a Canadian engineering hub that will create about 2,500 jobs,” notes Gold.
The Temporary Foreign Worker Program (TFWP) and the International Mobility Program (IMP) are two such programmes (IMP). These two programmes are excellent opportunities for Canadian firms to recruit top-tier overseas talent.
It all boils down to whether the employee in question is one of the several that are exempt from an LMIA (LMIA).
That’s a document from Employment and Social Development Canada (ESDC) that demonstrates there’s a demand for a foreign worker to fill a position and no Canadians or permanent residents are available to do it.
Jobs that do not need an LMIA to include those that:
- jobs that are part of an international trade agreement.
- jobs that are part of an agreement between the federal government and a provincial/territorial government.
- jobs that are regarded to be in Canada’s best interests.
The TFWP’s Global Talent Stream (GTS) may generally result in the issuance of Canadian work permits and the processing of visa applications in less than two weeks. The large backlog of applications before Immigration, Refugees, and Citizenship Canada has harmed this service level (IRCC).
Employers can also use the Express Entry system, which accepts immigration applications online, to bring in foreign nationals to fill open positions. Applicants that fulfill the Express Entry Pool’s eligibility requirements submit an online profile called an Expression of Interest (EOI) under one of three federal immigration programmes or a participating Provincial Nominee Program (PNP).
The applicants’ profiles are then compared against one another using the Comprehensive Ranking Approach, which is a points-based system (CRS). Candidates with the highest scores are considered for ITAs for permanent residency.
Those who receive an ITA must submit a complete application and payment processing costs within 90 days of receiving the ITA.
When applying for IT employment, employees may frequently get their applications approved quickly through provincial nominee programmes.
For example, the Tech Pilot in British Columbia allows immigration authorities to speed up the processing of immigration applications in high-demand technological sectors, with weekly invites sent to candidates in one of 29 specified occupations in the technology sector.
The Provincial Nominee Program in Ontario also offers a Human Capital Priorities Stream, which uses Express Entry applicants to fill occupations that need sophisticated skill sets, such as those in high demand in the tech industry.
Legal Disclaimer: This article is provided for information purposes only.
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