Government of Canada will welcome more economic immigrants in 2010

Canadian Horseshoe Falls with city of Buffalo,...Image via Wikipedia
Toronto, June 26, 2010 — Canada is adjusting its 2010 immigration plan to put even greater emphasis on economic recovery and further reduce the federal skilled worker backlog, Citizenship, Immigration and Multiculturalism Minister Jason Kenney told a news conference today.
“When I met with my provincial colleagues last week, they all stressed the importance of economic immigration,” Minister Kenney said. “As we recover from the recession, increasing economic immigration will help ensure employers have the workers they need to supplement our domestic labour supply.”
Each year, Citizenship and Immigration Canada (CIC) sets out a plan for the number of immigrants it intends to welcome within economic, family and humanitarian immigration categories. The planned range for 2010 is 240,000 – 265,000 immigrants. CIC generally achieves the midpoint of this range. In 2010, CIC anticipates achieving the upper end of this range, allowing Canada to welcome more immigrants in the economic category than originally planned. This includes federal skilled workers and record-level numbers of provincial nominees, without reducing the number in the family or humanitarian immigration categories.
Minister Kenney noted that some of his provincial colleagues expect the need will grow further in the years ahead. “This is something we will need to take into consideration when we consult more broadly on plans for future years,” he said.
Even with higher numbers of economic immigrants, Canada still receives many more applications than can be processed in a timely way. As a result, the department is limiting the number of new applications it will consider in the federal skilled worker category every year.
“Canada will continue to welcome historically high numbers of immigrants, but we need to manage the number of new applications or risk creating new backlogs and longer processing times,” Minister Kenney said. “We have more than enough applications on hand now to fill many of our needs, and we want to be fair to those people who have been waiting the longest.”
Effective immediately, to be eligible to apply as a federal skilled worker, applicants must either have a job offer, or they must have experience in one of 29 in-demand occupations. These occupations were identified through analysis of updated labour market information and consultations with provinces, territories, stakeholders and the public.
For those applying under the occupation list, the government will limit the number of applications considered for processing to 20,000 per year as a way to better manage the supply of applications with labour market demand. Within the 20,000 limit, a maximum of 1,000 applications per occupation will be considered. The limit does not apply to applicants with a job offer.
In addition, all federal skilled worker and Canadian Experience Class applicants must submit the results of an independent language test before they will be considered.
Other than the language test result requirement, these changes apply only to the federal skilled worker immigration category. The authority for the changes, known as ministerial instructions, comes from amendments to the Immigration and Refugee Protection Act approved by Parliament in 2008 as part of the Action Plan for Faster Immigration.
The instructions are meant as a flexible tool to allow the government to keep the intake of applications for economic immigration in line with the number and types of jobs available in Canada, as well as reduce application backlogs and processing times.
Since the first instructions were issued in November 2008, the backlog of federal skilled worker applicants in process prior to the legislation has dropped from 640,000 to 380,000. The majority of decisions on new applications are being made in six to 12 months, compared with up to six years prior to the changes. But in the first quarter of 2010, the number of new applications rose significantly beyond the department’s ability to process them in a timely way, leading to the recognition that a more refined approach is necessary.
“These changes bring Canada in line with the practices of the United Kingdom, Australia and New Zealand, our main competitors for skilled immigrants,” said Minister Kenney. “They help match the supply of applicants to our processing capacity and today’s post-recession job market needs. This is the only responsible way to manage our immigration system.”
The Government is also proposing new eligibility criteria for the immigrant investor program so it makes an even greater contribution to the Canadian economy. Proposed regulatory changes will require new investors to have a personal net worth of $1.6M, up from $800,000, and make an investment of $800,000, up from $400,000. These proposals were pre-published today in the Canada Gazette for a 30-day public comment period.
Canada’s current criteria for investors are the lowest in the world, and have not been changed since 1999. As a result the program draws a larger number of applicants than can be admitted every year under the immigration plan, and processing times are increasing.
Until the changes are finalized, the Government will stop accepting new investor applications to prevent a flood of applications before the new criteria take effect, which would stretch processing times even further. When the new criteria are in place, new applications will be processed alongside the old ones. In this way, Canada can begin to realize the benefits of the changes immediately.
“Canada needs investor immigrants,” said Minister Kenney. “These changes are necessary to keep Canada’s program competitive with that of other countries, and keep pace with the changing economy.”
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G20: Why we all want to be Canadian now

The Montreal head office of the Royal Bank of ...Image via Wikipedia
Even on a rainy weekday at Ottawa's By Ward market, Canadian shoppers are cheery.
As Americans and Europeans face deficits and drastic government cuts, Canada's economy is recovering from only a mild recession.
Sheltering near the maple syrup stall, local restaurant promoter Melissa Grecco says Canada escaped the fate of the US.
"We felt the effects on corporate bookings, companies not spending money on staff or booking on a limited budget. But we didn't feel it as much as the US. And within the last couple of months our business has exploded."
Painful reforms
Pierrre de Varennes Real estate broker, Ottawa
So Canada is now one of the top performing industrialised economies. How did they manage it?
For a start, painful reforms in the 1980s and early 1990s.
Canada's government, based in the stone neo-gothic Parliament building in Ottawa, along with individual provinces, were able to afford an economic stimulus package.
Whilst other nations borrowed, Canada had a budget surplus for over a decade.
According to James Flaherty, Canada's jaunty finance minister, it was also down to a more cautious approach.
"The Canadian character is relatively fiscally conservative. Canadians themselves are relatively prudent, I think, in terms of how much they are prepared to borrow and the risks they are prepared to take."
Safe as houses Certainly, fewer risks are allowed in the housing market.

Julie Dickson Banking superintendent Europe told to 'focus on growth'
Canadian home values have held fairly steady according to Pierre de Varennes, a real estate broker in Ottawa, with 350 employees.
He says stricter standards for homebuyers meant no housing boom and bust in Canada:
"In Canada, you cannot over-mortgage your property. In fact if you are financing more than 75% of the value, you have to get insurance. Not for you but for the bank."
With that protection, Canadian banks have done well from mortgages. And with less exposure to toxic sub-prime mortgages in the US, Canada's six biggest financial institutions, headquartered on Bay Street in Toronto, survived the financial crisis disaster free.
'Big stick' The Toronto skyline that Gordon Nixon, the President of Royal Bank of Canada, can see from his office on Bay Street not only looks very different to Manhattan. It is run differently, too.
"The structure of our marketplace in Canada is very different," he says.
"Most mortgages are held on the balance sheet of banks. The terms are more conservative and there is not as aggressive a marketplace.

"Sub-prime lending is very limited in the Canadian marketplace. What was the weakest asset class in the US and spread to the balance sheets of many banks was one of the strongest in Canada."
But Canada has also been happy to wield a bigger stick when it comes to financial regulation.
Banking superintendent Julie Dickson credits Canadian firms with better risk management.
But banks must also adhere to more stringent standards. What's more, her office is within walking distance.
"We spent a lot of time looking at what they are doing on a day-to-day basis. We also had good rules when it comes to capital and leverage. And the industry is of a size that it is easier for the regulator to get their arms around it."
Canada's financial sector is smaller and perhaps more insulated than in the US.
Critics add that Canadian banks are less innovative, with higher costs for consumers. Talking to Canadians, they seem to shrug off those arguments, happy with the results of a more prudent and, some argue, less greedy economic philosophy.
Puzzle solved  John Criswick says being in Canada has helped his business The G8 and G20 is a crucial opportunity for Canadian policy makers, eager to vaunt their successes to leaders gathered in Toronto.
And Canada need only point to growing businesses like Magmic. The Canadian IT firm makes games for the Blackberry, Apple's iPhone and iPad.
John Criswick, who founded in the firm in 2002, says the recession was painful but the odds have been tipped in his favour because he is in Canada.
"The recession definitely had an impact on us. We are half the size we used to be. But we are growing out of that and being in Canada has aided us in that recovery. It is pushing us beyond what our competition are doing in the US."
John's most profitable game? The iconic US brand the New York Times Crossword - currently the top selling gaming app on the iPhone.
The Canadians, it seems, have answers for even the toughest puzzles and they are keen to share their strategies with the rest of the world. Why in this economy, we all want to be Canadian.
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