business immigration programs Archives - Immigration Lawyer Vancouver, Canada | Sas & Ing Immigration Law Centre

HomeTagbusiness immigration programs Archives - Immigration Lawyer Vancouver, Canada | Sas & Ing Immigration Law Centre

Adam Smith is often considered the father of modern economics and a significant proponent of the law of supply and demand. This economic theory postulates that when supply of a good is in abundance prices will fall and when the supply is diminished that prices will rise. Applying the principles of supply and demand to Canada’s immigration program, the Department of Immigration, Refugees and Citizenship Canada (IRCC) is in the enviable position of being able to “set their price” by being choosy as to who, how and when they will select which applicants to be able to come to Canada. A quick review of a few of our current immigration programs demonstrates this reality.

On Monday April 29, 2024 Canada’s Minister of Immigration, Refugees and Citizenship Canada (IRCC), Marc Miller, introduced dramatic changes to Canada’s two federal business immigration programs effective the next day, April 30, 2024. These changes limit the processing of Start-Up Visa (SUV) cases to a total of 10 start-ups per designated organization per year. Further, the Self-Employed (SE) category is completely suspended until the end of 2026 with no further applications being accepted while IRCC clears out the backlog of pending applications and determines how to re-vamp the program. Immigration professionals are scrambling to understand the rationale for such drastic and immediate changes. Let’s take a closer look at Canada’s two business programs - the SUV and the SE.

It has been over two years since June 2014 when the federal government permanently shut down the federal immigrant investor pathway to Canadian permanent residence. Under the former program, foreign investors and entrepreneurs could obtain permanent residence in exchange for a one-time lump sum investment to Canada. The program was finally scrapped over widespread criticism that it was not generating long-term benefits for Canadians and because many viewed the program as a way for immigrants to buy their way to Canadian citizenship. Unsurprisingly, the new immigration Minister, the Honourable John McCallum, has already publicly stated that there are no current plans to restart or reinvent the troubled program.

Canadian employers have been challenged to fill pressing labour shortages for many years and the projections are that these shortages will continue for years to come. Notwithstanding all the various opinions as to the best way to resolve our shortage of workers, immigration is universally recognized as being essential to address Canada’s immediate and long term labour force needs. For employers seeking to resolve their labour shortages, it is becoming essential to navigate Canada's immigration programs in order to keep your workforce strong and your business thriving. Here's what you can do to master the immigration game!

Minister of Immigration, Chris Alexander, continues to make the hiring of foreign workers difficult for Canadian employers. On February 21, 2015 Citizenship and Immigration Canada (CIC) introduced new rules that require employers hiring foreign nationals under the International Mobility Programs, such as intra-company transferees and international experience class workers, to complete a new form and pay a $230 fee per worker as part of a new employer compliance program.

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