Canada ranked the most attractive destination for immigrant entrepreneurs in 2023
According to the Organization for Economic Cooperation and Development (OECD), Canada was ranked the most attractive country for immigrant start-up founders and entrepreneurs compared to all other OECD countries. There are 24 OECD countries including the United States, France, United Kingdom, Sweden and Australia.
According to the OECD report, there has been a growing interest from these countries in attracting foreign entrepreneurs to promote innovation, job creation, foreign investment and driving economies. To create favorable environments for new and innovative businesses to thrive, there must be a mix of measures to develop entrepreneurial ecosystems, stimulate research and innovation and make sure that prospective founders have access to funding and relevant human capital.
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ITAs up CRS down in new all-program draw
Canada invited 1,750 Express Entry candidates to apply for permanent residence on July 20. Express Entry is one of the main ways Canada welcomes immigrants. In 2022, Canada is on track to welcome 55,900 immigrants through Express Entry, then by 2024 the target will skyrocket to 111,500.
Candidates were invited if they had a Comprehensive Ranking System (CRS) score of at least 542. There was no program specified for this draw, meaning candidates from the Canadian Experience Class (CEC) or Federal Skilled Worker Program (FSWP) had the potential to be invited.
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Canada’s Prime Minister creates task force to address immigration delays
Canada’s Prime Minister Justin Trudeau has announced that a new task force has been created to address unprecedented delays in government services such as passports, airports, and immigration application processing.
The task force, made up of a large group of federal ministers, will seek to identify major gaps in these services and will also be reviewing service delivery and making recommendations for how these factors can improve.
The task force will be paying particular attention to the processing of immigration applications by identifying priority areas where action is needed. The goal is to create both long-term and short-term solutions that will clear the backlogs and improve the quality and speed of services.
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Nova Scotia announces new immigration targets for 2022
Nova Scotia has confirmed its allocations for the Nova Scotia Nominee Program (NSNP) and the Atlantic Immigration Program (AIP) for 2022. Immigration Refugees and Citizenship Canada (IRCC) has increased the provincial nomination number to 5,340 and added 1,173 more endorsement spaces to the AIP, which is 75% more than 2021. IRCC determines the number of allocations each year based on the Immigration Levels Plan.
Nova Scotia welcomed 9,025 new permanent residents in 2021, a record-breaking number that surpassed the previous high in 2019 by 19%. The province continues to invest heavily in immigration initiatives to encourage economic growth.
For example, the provincial Budget 2022-23 includes an additional $1 million for immigration and population growth marketing campaigns. The province is also investing $1.4 million more for settlement services in communities across Nova Scotia and $895,000 for more staff to support immigration programs.
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Canada invites 636 PNP candidates
Canada invited 636 Express Entry candidates to apply for permanent residence on June 22.
All invited candidates had previously received a nomination from a Provincial Nominee Program (PNP) and had a Comprehensive Ranking System (CRS) of at least 752. The minimum score was relatively high because Express Entry candidates get an automatic 600 points added to their score when they receive a provincial nomination. Without the nomination, the lowest-scoring candidates would have had 152 base points.
In the previous draw, Immigration, Refugees and Citizenship Canada (IRCC) invited 932 Express Entry candidates with scores of at least 796.
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