Is Toronto going be the largest tech talent hub in North America?
U.S companies are looking forward to expanding their operations in Toronto due to favorable Canadian immigration policies.
Almost in every careers website of any U.S. tech giant, it is possible to see openings in Toronto.
In the last 14 days alone, there has been posted in average 20 job vacancies by the Amazon careers for their Toronto location.
In September 2020, Microsoft is planning to open a new headquarters which is going to add an additional 500 full-time jobs and as well as 500 co-ops by 2022.
CBRE’s 2019 Scrocing Tech Talent report also states that Toronto has seen the most “brain gain” during the past five years period. In the last five years, between 2013-18, there were 80,100 new job openings created in Toronto. The trend followed by 22,466 issued tech degrees which means that tech jobs are actually more than tech graduates.
In general, American companies favor Canada’s immigration policies over U.S immigration measures. This fact is confirmed by the survey, which has taken place recently, confirming that almost two-thirds of participating U.S. companies prefer Canadian immigration policies over those in the U.S.
In addition, more than half of the companies stated that they considered expanding north.
Envoy Global’s 2019 Immigration trends report saw more than 300 participating U.S. companies. Many of them stated that they were increasing their presence in Canada while 37 percent said they did not have this plan.
In order to bring their employees to Canada, fast companies use the Global Talent Stream which is a convenient pathway.
The main goal of the GTS program, which was established by the Canadian Government back in 2017, is to process Labor Market Impact Assessments for highly-skilled temporary foreign workers in as fast as 2 weeks of the period.
GTS has two sub-streams:
Individuals receiving a nomination from employers on a designated list fall in Category A. We can mention MaRS Discovery District, which is a non-profit in Toronto, an example of an entity for this category.
Whereas individuals who have skills in specific occupations that have been defined to be in-demand in Canada fall into Category B. In this category, many of the jobs fall into the technology sector which includes computer engineers, database analysts and as well as web designers.
Using this stream more than 24,000 highly skilled people opened themselves a pathway to Canada in the last two years.
Canada immigration policy includes a number of work permit programs which authorizes companies to skip LMIA and help them to relocate their employees in a faster manner.
Intra-Company Transfer is another option for international companies who wish to transfer their employees to their locations in Canada. The Government Canada considers the presence of these temporary foreign workers as a “significant benefit” for the country’s economy.
The requirement for workers is to have a minimum of a year of full-time work experience with the foreign company and be coming to Canada in order to perform comparable work.
Please note that there is no Temporary Resident Visa requirement for American and Mexican citizens to enter Canada. Therefore, individuals coming to Canada through NAFTA can submit their applications either online or by paper at a Port of Entry.
Ontario targets skilled foreign workers
Ontario Immigrant Nominee programs have a number of categories. In general, if you are a skilled foreign worker and want to settle in Toronto, then the Human Capital Priority Stream can be your option.
The Human Capital Priority Stream is a sub-category that is aligned by the OINP which utilizes the Express Entry system to send invitations to eligible candidates to become a Canadian permanent resident.
In the last two draws held by OINP in August, the main target was the applicants who had work experience in certain in-demand occupations.