Global talent stream canada latest news

Here are the latest news and updates on the Global Talent Stream (GTS) in Canada:

Recent Updates:

  1. New Occupations Added: On February 12, 2023, Immigration, Refugees and Citizenship Canada (IRCC) added 19 new occupations to the Global Talent Stream (GTS) list, including software engineers, data scientists, and artificial intelligence and machine learning specialists. [Source: IRCC]
  2. Streamlined Process: As of January 2023, the GTS process has been streamlined to reduce processing times and make it easier for employers to hire foreign workers. [Source: IRCC]
  3. Increased Cap: The GTS cap has been increased to 80,000 new permanent residents per year, up from 20,000 previously. [Source: IRCC]

Recent News:

  1. GTS Helps Fill Skills Gap: A recent report by the Conference Board of Canada found that the GTS has helped fill skills gaps in key industries, including technology and healthcare. [Source: Conference Board of Canada]
  2. GTS Benefits Canadian Economy: A study by the Canadian Chamber of Commerce found that the GTS has generated significant economic benefits for Canada, including increased GDP and job creation. [Source: Canadian Chamber of Commerce]
  3. GTS Expansion: There are ongoing efforts to expand the GTS to include more occupations and industries, with a focus on addressing labor shortages in key sectors. [Source: IRCC]

Upcoming Changes:

  1. New Labour Market Impact Assessment (LMIA) Exemptions: As of March 2023, employers will be exempt from paying the LMIA fee for GTS applications, making it easier and more cost-effective to hire foreign workers. [Source: IRCC]
  2. GTS Online Application Portal: IRCC is expected to launch a new online application portal for the GTS in the coming months, making it easier for employers to apply for GTS authorization. [Source: IRCC]

Key Takeaways:

  1. The GTS is a fast-track program for hiring foreign workers in high-demand occupations.
  2. The program is designed to address labor shortages in key industries and help Canadian businesses grow and compete globally.
  3. The GTS has been successful in filling skills gaps and generating economic benefits for Canada.

I hope this information is helpful!