Canada launches Canada’s first-ever Tech Talent Strategy.
This new strategy includes new measures and improvements on existing measures to help businesses in Canada thrive in a competitive landscape. As part of Canada’s first-ever Tech Talent Strategy, Minister Fraser announced the following aggressive attraction measures:
- The creation of an open work permit stream for H-1B specialty occupation visa holders in the US to apply for a Canadian work permit and study or work permit options for their accompanying family members
- the development of an Innovation Stream under to the International Mobility Program to attract highly talented individuals, options for which include
- employer-specific work permits for up to five years for workers destined to work for a company identified by the Government of Canada as contributing to our industrial innovation goals
- open work permits for up to five years for highly skilled workers in select in-demand occupations
- a return to the 14-day service standard for work permits under the Global Skills Strategy
- the promotion of Canada as a destination for digital nomads
- the creation of a STEM-specific draw under category-based selection to issue additional invitations to apply under the Express Entry program
- The Minister further announced improvements to the Start-up Visa Program
- They allocated more spots to this program for 2023, with further increases planned for 2024 and 2025.
- Applicants will be able to apply for a work permit that is up to three years in duration instead of one year.
- Applicants will be able to apply for an open work permit instead of one that limits them to work for their own start-up.
- We’re making this three-year open work permit available to each member of the entrepreneurial team instead of only those who are essential and urgently needed in Canada.
- They are prioritizing applications that are supported by venture capital, angel investor groups and business incubators and have capital committed, along with applications that are supported by business incubators who are members of Canada’s Tech Network.
The Government of Canada is embracing Canada’s emerging role as a leader in global tech talent recruitment and attraction to ensure Canada is not only filling in-demand jobs today but also attracting the skills and business talent to create the jobs of tomorrow.