International Mobility Program vs. Temporary Foreign Worker Program

International Mobility Program vs. Temporary Foreign Worker Program

A foreign national seeking to come to Canada has more than 100 different options. Many of these fall under two general programs: The?Temporary Foreign Worker Program (TFWP)?and the International Mobility Program (IMP).

In spite of the fact that both the TFWP and the IMP are designed to aid Canada’s economic growth, their stated policy objectives and eligibility requirements are different.

In 2022, Canada Welcomed More Than 437,000 Immigrants

The IRCC stated in a Tweet that Canada welcomed 437,000 new immigrants last year. This is higher than the target they had set at 431,645 new immigrants and marks an all-time record for Canadian permanent residence admissions in one year. Canada landed over 405,000 new immigrants in 2021, setting a new record.

Introducing?newcomers to Canada?today marked an important milestone for the country, setting a new record for newcomers welcomed in one year, said immigration minister Sean Fraser. “Bringing new perspectives and talents to our communities as well as enriching our society as a whole is the job of immigrants in filling labour shortages, bringing new perspectives to our communities, and enriching our society. I am excited to see what the future holds and look forward to another historic year in 2023 as we continue to welcome newcomers.”

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Immigration Developments in 2022

This year,?Immigration Refugees and Citizenship Canada (IRCC)?continued to assess Canada’s economic and societal needs through immigration, leading to many important developments that may impact the country’s immigration system in 2023.

In November, IRCC announced its plan to welcome newcomers over the next three years. Perhaps the most impactful announcement of the year was the?immigration levels plan. As part of its economic, family, humanitarian, and refugee streams, Canada will welcome over 1.45 million new immigrants between 2023 and 2025.

What Are The Requirements for The Start-Up Visa Program?

Start-Up Visa Program (SUVP)?is designed to encourage entrepreneurs to start and grow their businesses in Canada. The program aims to help entrepreneurs (and those deemed to be essential to their businesses) establish, work, and grow their businesses.

It is required that you (as an owner) own at least 10% of the voting rights of a qualifying business in order to be eligible for the program. Furthermore, at least 50% of the voting rights must be owned collectively by all owners (up to five may apply together) and by the designated investment organization in Canada (at all times).