News / Blog

Immigration Helps Ease Canada’s Workforce Gaps

Canada has seen a substantial reduction in labor shortages, with the number of unfilled positions dropping by 39.7 percent over the past two years. In the second quarter of 2022, there were 990,900 vacant jobs, which fell to 597,725 by March 2024, according to Statistics Canada.

Immigration has played a crucial role in addressing these shortages. The Immigration, Refugees and Citizenship Canada (IRCC) highlights that immigration helps employers find qualified workers and sustain economic growth. 

Canada’s aging population, with more retirees and fewer children, underscores the need for a robust immigration strategy.

As of May 2021, immigrants aged 25 to 54 accounted for over a third of workers in accommodation and food services, transportation and warehousing, and professional, scientific, and technical services. They also represented more than 20 percent of the construction workforce. The Canadian Federation of Independent Business emphasizes that economic immigration has been vital to Canada’s success.

Foreign nationals can gain permanent residency through various economic immigration programs, including the Federal Skilled Worker (FSW) and Federal Skilled Trade (FST) programs, Provincial Nominee Programs (PNP), and regional initiatives like the Atlantic Immigration Program (AIP) and Rural and Northern Immigration Pilot (RNIP). 

The Express Entry system ranks candidates using the Comprehensive Ranking System (CRS), with top candidates receiving an Invitation to Apply (ITA) for permanent residence.

Immigrants also significantly contribute to job creation. One-third of business owners in Canada are immigrants, including substantial percentages in industries such as software publishing, dentistry, data processing, restaurants, computer systems design, grocery stores, and trucking.

The Start-Up Visa (SUV) program enables foreign nationals to launch businesses in Canada with the support of designated Canadian investors. Applicants must secure investments from venture capital funds, angel investor groups, or business incubators. Successful candidates can apply for permanent residence while developing their businesses.

Additionally, Canadian employers can hire foreign nationals through the Temporary Foreign Worker Program (TFWP) and the International Mobility Program (IMP). The Global Talent Stream (GTS), part of the TFWP, allows for expedited processing of work permits and visa applications, often within two weeks.

By using these immigration programs, Canada continues to address labor shortages and bolster its economic growth.

The post Immigration Helps Ease Canada’s Workforce Gaps appeared first on CI News | Latest Canada Immigration News.


Leave a Reply

Your email address will not be published. Required fields are marked *