The hunger for supreme skilled workers is increasing in the Canadian tech companies due to the rise in the domestic venture capital that is supplying power to the expansion in the Great White North sector, causing it to build faster compared to the United States.
According to the recent report on the Canada’s workforce, the tech companies have increased by 1.6 percent in the last year.
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The resonance of the tech companies boom as the venture capitalists boost expansion
Canada’s venture capital investment increased by 215 percent to reach $14.2 billion in the past year and over that, more than $9 billion of in the information, communications and technology sector.
In addition to that, the entry of the famous players from the United States to the Greater Toronto area, along with Uber, Amazon, Wayfair, Google, and Reddit, this is an ideal time for the information technology specialists, software engineer, web developers, and the rest with these particular tech skills to keep an eye out for career growth and advancement in Canada.
Recently, Walmart Canada has declared the inaugration of one of the two global tech hubs to be located in Toronto as it is ready to hire 5,000 workers under the tech category this year, while Instagram, Whatsapp, and Facebook nuture the Meta plans that are shared for a Canadian Engineering hub creating about 2,500 employments.
Entering the International Mobility program (IMP) and the Temporary Foreign Worker Program (TFWP), are two best ways for the employers of Canada to hinder themselves high-quality international talent.
Provided, it sums up to whether or not the specific employment is one of the different exempt from a Labour Market Impact Assessment (LMIA). A document that is issued by Employment and Social Development Canada (ESDC) that displays that there is both a necessity for a foreign worker to occupy a job vacancy and that no worker from Canada or permanent resident is ready to do it.
Employment opportunities that need not require LMIA are those that:
- Are involved in the agreement of the international trade;
- Are a member of the agreement between the territorial/provincial government or the federal government, or;
- Employments that are to be considered in the Canadian interests.
Provincial Nominee Programs and Global Talent Stream
The granting of the work permits and the procedure of visa applications are lead by the Global Talent Stream (GTS), a part of the TFWP within just two weeks of time. That particular service of standard has been impacted by the huge backlog of the applications prior to the Immigration, Refugees and Citizenship Canada (IRCC).
But the employers are allowed to bring more foreign nationals to occupy the positions available through the Express Entry system, that brings the applications of the immigration online. The applicants who qualify the eligibility criteria must submit an online profile which is known as an Expression of Interest (EOI), in the category of federal immigration programs or an involving Provincial Nominee Program (PNP), to the Express Entry Pool.
Human capital priorities stream under the provincial nominee program of Ontario draws on the Express Entry pool candidates to occupy the jobs that requires developed skill sets, along with the ones which are in the requirement of the tech sector.
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