Saskatchewan reveals schedule for first Expression of Interest draws

Saskatchewan reveals schedule for first Expression of Interest draws

Saskatchewan reveals schedule for first Expression of Interest draws

Saskatchewan reveals schedule for first Expression of Interest draws

Saskatchewan’s new Expression of Interest system took effect July 16, will hold first draws in September, November

The Government of Saskatchewan has announced the dates for the first two draws from its new Expression of Interest pool, which are scheduled to take place on September 19 and November 21, 2018.

The Prairie province’s new Expression of Interest (EOI) system was introduced July 16 to manage candidate profiles for the popular Express Entry and Occupations In-Demand sub-categories of the Saskatchewan Immigrant Nominee Program (SINP).

Foreign nationals interested in immigrating to Saskatchewan through these popular International Skilled Worker sub-categories are required to register in the SINP’s online application system, OASIS, and complete an EOI profile.

The Express Entry sub-category allows the SINP to invite eligible candidates in the federal Express Entry pool to apply for a provincial nomination from Saskatchewan.

Express Entry candidates who apply for and receive a provincial nomination certificate from the province are awarded 600 additional Comprehensive Ranking System (CRS) points.

These additional points effectively guarantee an Invitation to Apply (ITA) for Canadian permanent residence at a later draw from the federal Express Entry pool.

EOI pool candidates invited to apply for a provincial nomination under the Occupations In-Demand sub-category will have their applications processed outside the federal Express Entry system.

Candidates in both sub-categories are required to demonstrate work experience in a Saskatchewan in-demand occupation.

Saskatchewan’s new EOI system: How it works

The first step in applying for individuals interested in immigration to Saskatchewan through the Express Entry or Occupations In-Demand sub-categories is to submit an EOI profile.

To complete the profile, candidates are required to answer questions related to work experience, education and language proficiency in English or French, among other factors.

Candidates are assessed according to Saskatchewan’s unique assessment grid and are assigned a score out of 100. Candidates are entered into the pool if they obtain at least 60 points and satisfy other eligibility requirements for either the Express Entry or Occupations In-Demand sub-category.

The SINP says it takes the following steps to rank candidates in the EOI pool:

  1. Identify EOI candidates with the highest point score.
  2. When selecting among candidates with equal scores, the SINP will prioritize candidates with connections to the province. This includes candidates who receive points for having a close family relative in Saskatchewan, past work experience in Saskatchewan, and/or past study experience in Saskatchewan.
  3. The province will then prioritize candidates with the most work experience years declared and the highest language scores obtained.

A key improvement over the previous first-come, first-served model is the fact candidates issued an Invitation to Apply for a provincial nomination now have 60 days to submit a complete online application to the SINP.

The Saskatchewan Expression of Interest (EOI) Points Calculator

The Canada Visa Saskatchewan Expression of Interest (EOI) Calculator can help you determine your Saskatchewan EOI ranking score under the latest Saskatchewan Expression of Interest System.

Posted in Atlantic Canada, Canada, Canada Open Work Permit, Canada PNP, Express Entry, Immigration, Saskatchewan, Visa and Immigration, Work Abroad | Tagged , , , , , , , , , , , , , | Leave a comment

Toronto’s tech job growth outpaces San Francisco Bay area

Toronto’s tech job growth outpaces San Francisco Bay area, new study finds

Toronto’s tech job growth outpaces San Francisco Bay area

Toronto’s tech job growth outpaces San Francisco Bay area

Toronto’s tech job growth outpaces San Francisco Bay area

Ottawa takes “Momentum Market” in CBRE’s 2018 Scoring Tech Talent Report

Toronto led cities in both Canada and the United States in the number of tech jobs created between 2012 and 2017, outpacing traditional tech hubs like the San Francisco Bay Area, a new study shows.

More than 82,000 tech jobs were created in Toronto during the five-year period, roughly 4,300 more than the number of tech jobs created in the San Francisco Bay Area during this time frame.

Toronto added 28,900 tech jobs in 2017 alone, an increase of 13.6 percent over the previous year — making it the fastest growing tech market in North America for the second year in a row.

Overall, Toronto placed fourth out of the 50 North American cities that constitute the 2018 Scoring Tech Talent Report produced by CBRE Canada, part of the Fortune 500 CBRE Group headquartered in Los Angeles.

The Tech Talent Scorecard is determined based on 13 unique metrics, including tech talent supply, growth, concentration, cost, completed tech degrees, industry outlook for tech job growth, and market outlook for both office and apartment rent cost growth.

“Toronto continues to outpace other North American markets, having added more tech jobs in 2017 than the San Francisco Bay Area, Seattle and Washington, D.C. combined,” said Paul Morassutti, Executive Managing Director of CBRE Canada.

Toronto’s fourth-place finish overall marked the first time a Canadian city placed in the annual study’s top five.

Toronto also placed first in terms of “Brain Gain,” which is the number of jobs created minus the number of tech degrees granted in a given city between 2012 and 2017. Toronto posted a gain of 55,025 during this period, compared to the San Francisco Bay Area’s 46,529.

In a recent survey conducted by Toronto’s MaRS Discovery District, 45 percent of the tech companies that replied reported hiring international candidates in 2017 and 53 percent experienced a jump in international applications in 2017 over 2016.

A majority of survey respondents credited Canada’s Global Skills Strategy and its Global Talent Stream for the increase in international hires.

Introduced in June 2017, the Global Talent Stream fast-tracks the visa approval process for skilled foreign workers who meet specific employment needs.

Ottawa tops ‘Momentum Market’ category

Ottawa, Canada’s national capital and home to global tech powerhouse Shopify, placed 13th overall but took top spot in the “Momentum Market” category, which looks at the tech talent market showing the quickest growth in North America.

Tech employment growth in Ottawa was 15.2 percent in 2016 and 2017, 3.5 percent higher than second-place Los Angeles, which had 11.7 percent growth.

The report says Ottawa is home to more than 1,700 technology companies and employs more than 70,000 tech employees, which represents 11.2 percent of total jobs in the city.  San Francisco was second, with 9.8 percent.

The CBRE says this concentration of tech talent in Ottawa is more than three times the U.S. national average of 3.5 percent.

The CBRE’s Morassutti said the strong U.S. dollar is also encouraging more companies to consider operating in Canada, where the dollar is weaker and skilled labor is less expensive.

“Companies looking to house operations are putting serious thought to locating in Canada,” he said.  “Compared to cities such as New York, Washington, D.C., Newark and Los Angeles, Toronto is among the best value for quality options for tech firms thanks to less expensive access to labour and real estate, but also high educational attainment levels. In short, Canada provides access to very high-quality labor at a fraction of the cost.”

Posted in Canada, Canada Open Work Permit, Canada PNP, Express Entry, Immigration, Toronto, Visa and Immigration, Work Abroad | Tagged , , , , , , , , , | Leave a comment

The State of Investor Immigration in Canada

THE STATE OF INVESTOR IMMIGRATION IN CANADA

The State of Investor Immigration in Canada

The State of Investor Immigration in Canada

The State of Investor Immigration in Canada

Canada has always been a country which values the hard work and talents of entrepreneurs and businesspeople. These days, the Canadian economy is thriving, unemployment is at a historic low, and Canada is becoming a leader in global innovation across many different sectors. Canada’s economic success is not simply due to the work of Canadian citizens, but also due to immigrants, many of whom come to the country as investors and entrepreneurs, ready to lend their financial skills to the Canadian economy.

INVESTOR IMMIGRATION

Immigrants are one of the driving forces behind new economic development in Canada. One of the most important ways in which new immigrants contribute to the economy is through investor immigration programs. These programs allow wealthy individuals from foreign countries to immigrate to Canada through the promise of significant investment in the Canadian economy.

Some investor programs are also tied to business management, so new immigrants invest in purchasing a Canadian business and commit to the management of this business as well.

For nearly two decades, Canada accepted a high volume of immigrant investors who were able to essentially purchase their permanent resident status in Canada if they had the finances to do so. This program, called the Immigrant Investor Program (IIP), was shut down in 2014 after the government determined the program to have little economic benefit to the country.

Presently, Canada accepts between 5,000 and 7,000 new immigrants through business immigration pathways. The vast majority of these immigrants, about 80%, come through business immigration programs offered by the province of Quebec. While the federal investor program was shut down in 2014, Quebec has maintained an immigrant investor program.

It is unclear what lies in the future for immigrant investors in Canada. The country attempted to revamp investor immigration by introducing the Immigrant Investor Venture Capital Pilot Program (IIVC) in 2014. This program required candidates to have a net worth of at least $10 million CAD and to invest $2 million without any guarantee of return. With the high requirements, the program attracted only 7 applications in its pilot year. While the federal immigration authorities haven’t yet found an investor immigration program which works, many Canadian provinces have picked up the slack.

QUEBEC INVESTOR PROGRAM

The Quebec Investor Program (QIP) is one of the best options for those wishing to immigrate to Canada through financial investment. In order to qualify for this program, a person must have a personal net worth of at least $2 million CAD and must be willing to invest at least $1.2 million CAD as part of the immigration process. If a person meets these requirements, Quebec might be the ideal pathway to becoming a Canadian permanent resident.

The QIP only allows applications during designated intake periods. Quebec announced earlier this year that the program would not be accepting any applications until at least August 15th, 2018. While it is still not known if a new intake period will be announced in August, the program is expected to have a new intake at some point in the future.

OTHER BUSINESS IMMIGRATION PATHWAYS

New in the landscape of Canadian immigration is the Federal Startup Visa program. This program is for innovative entrepreneurs who have the skills needed to grow businesses in Canada. The Startup Visa application requires candidates to demonstrate their business management experience and to show that they have acquired a significant investment for the project from an organization designated by the Canadian government.

Canada also offers a range of entrepreneurial immigration programs. These programs require applicants to have a significant personal net worth, along with business management experience. Usually, applicants must submit a business plan and commit to the operation of a specific business for a predetermined length of time. Most of these entrepreneurial programs are offered provincially through Provincial Nominee Programs (PNPs).

THE FUTURE OF INVESTOR IMMIGRATION IN CANADA

Canada clearly values the contributions made by immigrant investors and entrepreneurs. While the country may have difficulty establishing a strong federal investor immigration program, there remain many immigration pathways available for those with the right financial background and business experience.

The “citizenship by pay” model of the terminated federal Immigrant Investor Program (IIP) is not a way forward, but the options available through Quebec and many PNPs demonstrate that the country maintains a commitment to helping investors and businesspeople establish new lives in Canada.

Posted in Alberta, Atlantic Canada, British Columbia, Business / Investor Visa, Canada, Canada Open Work Permit, Canada PNP, Express Entry, Immigration, Manitoba, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Tourist Visa, Visa and Immigration | Tagged , , , , , , , , , , , , | Leave a comment