Sign Up
Logo
Log In
Home
Newsletters
Podcast
Water Cooler
chart-line-up
Get our free daily news briefing for Canadians

Canada wants tech-savvy immigrants

Aug 1, 2023

Canada wants tech-savvy immigrants

Is your ‘type’ an accomplished tech professional with a six-figure salary? Then you might have to battle it out with Canada’s immigration office. 

What happened: Canada is moving away from its points-based system for immigrant selection to pursue people with work experience in the tech sector, per The Globe and Mail. 

  • The ‘category-based’ system aims to grant permanent residency (PR) to more STEM-focused applicants but could, in theory, be used to target any profession. 

Why it matters: Demand for tech talent in Canada is weakening, stemming from a wave of recent layoffs. Meanwhile, there is a need for more healthcare and construction workers. 

  • This year, 28% to 31% of PR invitations will go to those with STEM experience, while invites for healthcare (9% to 12%) and trades candidates (3% to 4%) lag behind.

  • Just last month, Canada accepted 10,000 applicants for work permits as part of a program that was designed to lure in laid-off US tech workers holding H-1B visas. 

Yes, but: The Immigration Department’s requirements were informed by a consultation including tech behemoth Amazon, which asked it to bring in more (and better) talent.

Zoom out: As Canada falls behind G7 countries on innovation, more tech workers—if they can find jobs—could spur more spending on research and development in the sector.—LA

Get the newsletter 160,000+ Canadians start their day with.

“Quickly became the only newsletter I open every morning. I like that I know what’s going on, but don’t feel shitty after I finish reading.” -Amy, reader since 2022

The Peak

Home

Peak Daily

Peak Money

About

Advertise

Contact

Search

Login

Reset Password

Sign Up