Synopsis
Canada has launched its Tech Talent Strategy to attract global tech talent and support its growing tech industry. The strategy includes measures like a new innovation stream, work permits for H1-B visa holders, initiatives for digital nomads, and improvements to existing programs. These measures aim to address labor shortages, promote innovation, and make Canada a global tech hub.
Highlights:
- New Innovation Stream under the IMP: Canada will develop a streamlined pathway for highly talented tech individuals to work in Canada, addressing labor shortages and broadening the talent base.
- Work Permits for H1-B Visa Holders: Canada will simplify the work permit process for H1-B visa holders, allowing them to work for any employer in Canada and explore new opportunities.
- Expanded Start-Up Visa Program: The Start-Up Visa program will be expanded to address long wait times, providing foreign entrepreneurs with open work permits of up to three years.
- Attracting Digital Nomads: Canada aims to attract digital nomads, offering a supportive environment for them to live and work while contributing to the tech industry.
- Express Entry Category-Based Draws and Tech Provincial Nominee Programs: Canada will prioritize candidates with French language proficiency or work experience in sectors like healthcare, STEM, trades, transport, and agriculture, along with specialized tech streams under Provincial Nominee Programs.
Let us look through some of these in detail:
New Innovation Stream under the IMP
Canada’s new innovation stream under the International Mobility Program (IMP) will provide a streamlined pathway for highly talented tech individuals to work in Canada. The stream aims to address labor shortages in key tech occupations and broaden Canada’s talent base. Two options are being considered:
- Employer-Specific Work Permits: This option will offer work permits for up to five years to workers destined for companies identified by the Government of Canada as contributing to industrial innovation goals. It will provide employers with access to top talent and support Canada’s priorities in the tech industry.
- Open Work Permits: This option will grant open work permits for up to five years to highly skilled workers in select in-demand occupations. This flexibility will enable workers to explore various employment opportunities and contribute their expertise to the Canadian tech sector.
Work Permits for H1-B Visa Holders
To enhance labor mobility in North America, Canada is introducing a streamlined work permit process for H1-B visa holders. This initiative recognizes the valuable skills and experiences of professionals employed in high-tech fields, especially those working for companies with significant operations in both Canada and the United States.
Starting from July 16th, 2023, H1-B visa holders in the US and their accompanying family members will be eligible to come to Canada. They will receive open work permits for up to three years, allowing them to work for almost any employer across Canada. Spouses and dependents will also have the opportunity to apply for a temporary resident visa, including work and study permits as needed.
This measure, which will remain in effect for one year or until 10,000 applications are received by IRCC, aims to attract highly skilled professionals seeking new opportunities and contribute to Canada’s tech industry.
Expanded Start-Up Visa Program
Canada’s Start-Up Visa program has been expanded to address long wait times and provide more flexibility for foreign entrepreneurs. The program offers a pathway to permanent residence for entrepreneurs who secure support from designated Canadian venture capital funds, angel investor organizations, or business incubators.
Under the expanded program, applicants will have the option to apply for open work permits of up to three years, instead of the previous one-year limitation. This change allows them to work for any employer across Canada, promoting greater mobility and providing opportunities for members of the entrepreneurial team to contribute their skills beyond their own start-up venture.
Additionally, more spots have been allocated to the program, tripling the expected number of permanent residents in the Federal Business category in 2023. This increase aims to address the high demand and reduce processing times, ensuring a smoother and more efficient immigration process for foreign entrepreneurs.
Attracting Digital Nomads
Recognizing the growing trend of digital nomads, Canada aims to attract these individuals who have the flexibility to work remotely while choosing different locations to live and work. This initiative will provide digital nomads with a supportive environment to enhance their productivity and contribute to Canada’s tech industry.
By welcoming digital nomads, Canada seeks to benefit from their skills, experiences, and global perspectives. These individuals can make valuable contributions to the innovation ecosystem, collaborate with local tech professionals, and foster knowledge sharing and networking opportunities.
The specific details and incentives offered to digital nomads, such as tax benefits, access to co-working spaces, and community integration programs, will be further developed to provide an attractive environment that meets the needs and expectations of these professionals.
Conclusion:
Canada’s Tech Talent Strategy encompasses various measures to attract global tech talent and strengthen its tech industry. The new innovation stream under the IMP, streamlined work permits for H1-B visa holders, expanded Start-Up Visa program, and initiatives for digital nomads all contribute to Canada’s goal of addressing labor shortages, fostering innovation, and positioning itself as a leading destination for tech professionals.
These measures not only provide opportunities for talented individuals to contribute to Canada’s tech sector but also offer a supportive environment for their personal and professional growth. By attracting and retaining global tech talent, Canada aims to drive economic growth, enhance its competitive advantage in the tech industry, and promote a vibrant and inclusive innovation ecosystem.
