Canada announces new LMIA-exempt work permit for select tech companies; check eligibility & other details

Canada has announced a new LMIA-exempt work permit for select tech companies in the country. The new work permit has been introduced under the Innovation Stream of the International Mobility Program (IMP).

The Innovation Stream is one of the four pillars of this Tech Talent Strategy, which was launched in 2023 to attract skilled talent to help Canada grow as a global tech leader, says a CIC News report.

Some skilled foreign workers are now eligible to apply for an employer-specific work permit if they get a job offer from any of the employers participating in the Global Hypergrowth Project.

This includes eight selected companies that the government has identified as industry leaders and innovators with considerable potential. Eligible workers will be able to receive a Labour Market Impact Assessment (LMIA) exempt work permit.

An LMIA is a document required by the government of Canada to support the issuance of some employer-specific work permits. The document is issued by Employment and Social Development Canada (ESDC) and assesses the impact of hiring a foreign worker on the Canadian labour market. For an LMIA to support an employer-specific work permit the document must return a “positive” or “neutral” result.

The NOC system is used to describe and categorise occupations in Canada. The TEER rankings further group jobs by the training, education, experience, and responsibilities required to perform the role adequately.

Source: https://economictimes.indiatimes.com/nri/work/canada-announces-new-lmia-exempt-work-permit-for-select-tech-companies-check-eligibility-other-details/articleshow/113362066.cms