A recent report by the Technology Councils of North America (TECNA) and Canada’s Tech Network (CTN) shows that more than 30,000 tech workers came to Canada from other countries in the past year. The report looked at data from April 2022 to March 2023 and explored where these workers came from and why they chose to move to Canada.
Driving Factors: Immigration-Friendly Policies and Cost Advantage
The report points out that the primary driving factors for this significant tech worker migration are Canada’s “more immigration-friendly national policy” and the cost advantage it offers. These factors have attracted a substantial number of professionals, particularly from India and Nigeria, seeking opportunities in Canada’s thriving tech industry.
Canada’s tech ecosystem has been greatly enriched by the influx of foreign tech talent. The report highlights the positive impact of investments made by American tech companies, which have expanded or relocated to Canada, boosting economic growth and innovation within the country.
Tech Hubs Attracting Talent
Certain Canadian cities emerged as popular destinations for tech workers. Among them, Mississauga, Montréal, and Windsor stood out, having witnessed a significant influx of tech professionals during the past year.
The report identifies the top companies that have actively recruited tech workers in Canada. Financial institutions, including TD, RBC, and Scotiabank, along with tech giants like Amazon and Bell, secured their place among the top five. Additionally, Shopify, Google, the Government of Canada, the University of Toronto, and the University of British Columbia were recognized as key players in attracting tech talent.
Canada’s Initiatives to Attract Tech Talent
Canada’s Express Entry application management system, established in 2015, plays a crucial role in attracting skilled workers from abroad. The system aims to expedite permanent-residence processing times, making it an attractive option for foreign tech workers seeking to establish their careers in Canada.
Since its inception, the Express Entry program has undergone several updates to enhance accessibility. One significant change will allow Canada to issue invitations to apply to prospective permanent residents with specific skills, training, or language abilities, further streamlining the immigration process.
Launched in 2017, the Global Talent Stream addresses the demand for highly skilled foreign workers in Canada. Offering two-week processing times for work permit applications, this initiative is part of Canada’s broader Global Skills Strategy, making it easier for companies to hire talent from around the world.
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