Canada plans to lure more expats in 2014 #UKPensionNews #ReasonforQROPS #IN
21 Tuesday Jan 2014
Foreign skilled workers are in hot demand in Canada, a country already popular with British expats, to fill a number of gaps in the labour market.
The first is called the Canadian Experience Class (CEC), which is the most popular route for expats. The aim is to welcome up to 15,000 permanent residents in 2014 under this programme. Under the CEC, foreigners who meet a minimum language requirement and have at least one year of skilled work experience in Canada can become permanent residents. These include international student graduates and foreign nationals who are working legally in Canada on a temporary basis.
The second scheme is known as the Provincial Nominee Programme (PNP). This is Canada’s second largest immigration route and has helped to spread incoming expats across the vast country, not just the main cities of Vancouver, Toronto and Montreal. The PNP has grown from around 1,250 immigrants in 2000 to almost 41,000 people last year.
Canada’s citizenship and immigration minister Chris Alexander said: “Securing economic growth is and will remain our government’s top priority. Canada is in a global competition for the best and brightest immigrants, and this plan is crafted with attracting the people we need for Canada to succeed.”
The drive to attract global talent will continue into 2015, he added.
The Canadian government is also extending its new start-up visa to attract foreign entrepreneurs who can set up their own venture in Canada or invest in local start-ups. The Start-up Visa Program is scheduled to last for five years and limited to no more than 2,700 applicants per year. The government expects most foreigner entrepreneurs will come from outside North America from industries such as technology and life sciences.
A Winnipeg-based immigration lawyer, said: “In the past, the government made decisions as to who would be successful in business here. The involvement of the private sector is a great idea as business, not government, can better assess who are true entrepreneurs.”
He added: “Under some of the current business classes, some immigrants in the queue are waiting over eight years for their applications to be processed. No one will come to Canada if they have to wait that long.”
We specialise in helping clients evaluate the possibility of transferring their personal or company pension with them overseas. For help securing your future overseas and building or transferring a Pension abroad please visit our website www.expatspensions.com