If you're an entrepreneur who needs money and talent but doesn't have the time to wait months or years to launch your business, the Global Talent Stream program might be the answer you're looking for. The Canadian Global Talent Stream work visa program provides rapid admission to Canada when Canadian businesses invite skilled workers to fill job opportunities that Canadian or permanent residents cannot fill.
To attract and retain the best talent from around the world, Canada launched the Global Talent Stream (GTS) in November 2017. Companies may use a fast-track work visa scheme to apply for two-year visas for foreign workers under the GTS. By introducing foreign expertise to help Canadian businesses compete globally, the GTS seeks to diversify and enhance the Canadian workforce while fostering corporate innovation and growth. The labor market impact assessment (LMIA) requirement was removed, and NAFTA work permit regulations were relaxed. The GTS will benefit Canada's immigration system by bringing in more skilled individuals who wish to launch businesses and strengthen the country's economy.
The Canadian government modified its Global Talent Stream (GTS) immigration program to aid in luring and retaining more foreign talent in Canada. Before this, the GTS was only open to entities that had been granted permission by the Federal Economic Development Agency of Canada for Southern Ontario (FedDev Ontario). However, organizations across Canada are welcome to apply to FedDev Ontario or one of the six regional development agencies. The effort speeds up the application process for work permits, simplifies the hiring process, and cuts application costs.
Global Talent Stream (GTS) is Canada's fast-track work visa scheme. This new government initiative aims to attract highly skilled foreign workers by streamlining and accelerating the application process for a work visa under particular circumstances.
According to data released in June 2019, about 40,000 foreign workers entered Canada via the GTS in the first two years. Additionally, more than 1,100 Canadian businesses have used the stream to hire outstanding foreign talent. Additionally, in 2021, about 5,000 positions in Canada were filled thanks to the Global Talent Stream (GTS).
The Canadian government is aware of the importance of immigration to the country's economy. Given the highest job vacancy rate in decades, Canada needs immigration to ensure it has enough individuals to fill its numerous open positions. The Global Talent Stream is one of the ways Canada welcomes foreign workers.
The goal of the Global Talent Stream (GTS) is to help Canadian firms find and hire highly qualified overseas workers who will help Canadians compete globally. The GTS separates its activities into categories A and B. The categories list the international employees that businesses might hire together with their expected salaries. Employers could require a referral from a GTS-designated partner depending on the category they have chosen.
Employers who use the Global Talent Stream to hire distinctive and specialized talent must have been introduced to the stream by one of the GTS's designated partners in order to be eligible to apply for Category A of the stream. In order to be referred to Category A of the Global Talent Stream, consult the list of Designated Partners (as of December 2021).
To be regarded a unique and specialized talent, foreign employees must exhibit advanced industry expertise through a postgraduate degree in a specialized subject or at least five years of experience in a specialized job. Additionally, they must get annual pay of at least 80,000 CAD (or higher if the prevailing annual salary for the occupation is above this level).
Employers wishing to fill positions on the Global Talent Occupations List that have been identified as in-demand and for which there is an insufficient domestic labor supply fall under Category B. Additionally, the salary for the job must be at least as much as the going rate. Employers must be looking to hire highly competent foreign talent to fill positions in industries represented on the Global Talent Occupations List in order to submit an application for Category B of the Global Talent Stream (as of July 2019).
After receiving confirmation that they are eligible for one of the two streams, an enterprise may also begin its Global Talent Stream application. The application form is available on the GTS website and can be submitted there, by mail, or by fax. The application requests details about the employer, the foreign employee, and the job offer in addition to specifications on compensation and benefits.
Here are the steps to take in the interim to apply for a Canadian work permit under the GTS program as a foreign worker.
It's crucial to realize that you cannot directly apply to the GTS; only Canadian employers may do so. They apply the GTS to be designated and receive labor market effect analyses from hiring qualified foreign workers.
The first application fee for a work visa through the Global Talent Stream ranges from CAD 155 to CAD 365 depending on where you wish to work (non-refundable). The subsequent costs are location-specific. For instance, there is a $300 processing charge for foreign nationals from low-risk countries.
There are no limitations on the quantity of applications that may be made each year or the number of years that applicants may stay in Canada. The fees imposed by the provinces and territories will be applied once they arrive in their new province of residence.
The Canadian government notes that while some think it can take anywhere from six months to a year or more, work permits are typically provided within two weeks. The length of time depends on a number of variables, including your level of experience and language proficiency. The accelerated work permit processing period is one of the Global Talent Stream's key advantages, though. Candidates for the Global Talent Stream may receive their visas in less than two weeks.
The Global Talent Stream is a temporary residency scheme for a Canadian work permit; it is not a permanent immigration program. To be approved into a program for permanent residence, one's chances can be considerably increased by working in Canada.
Work permits for the Global Talent Stream are closed permits. This means that GTS applicants are only permitted to work at the companies listed on their work permits.
Although the LMIA process is much simplified, the GTS is not LMIA-exempt. Employers participating in the GTS are not required to show documentation of their efforts to hire Canadian citizens or permanent residents. This exemption significantly lessens the effort required to file an LMIA application.
If you're a foreign national and can't find a Canadian employer to sponsor your visa, don't give up. Recently, the government introduced the Global Talent Stream (GTS), which grants highly skilled individuals speedy access to permanent residence in a number of high-growth industries. You're also free to bring your partner or spouse with you!