How Intra-Company Transfers and the Global Talent Stream help Businesses thrive in Canada

In today's world, where everything's connected, being able to bring in and keep top-notch talent is super important for companies that want to grow and stay competitive.. Canada gets this, which is why they’ve set upprograms such as Intra-company Transfers and the Global Talent Stream (GTS) to facilitate the entry of skilled foreign workers. These programs? They're a win-win. They give businesses quick access to the skills they need and boost Canada's economy too.

Intra-Company Transfers: Facilitating Talent Mobility

Intra-Company Transfers is a program that allows multinational companies to transfer key employees to their branches in Canada without the need for a Labour Market Impact Assessment (LMIA). This process is part of the International Mobility Programme and is designed to facilitate the transfer of knowledge and skills within a global organisation.

Here are the key things you need to know:

• Qualifying Relationship: There must be a legitimate relationship between the Canadian and foreign company, such as a parent, subsidiary, or branch.

• Position in Canada: The transferred employee must hold a position within the Canadian entity, with a clear employer-employee relationship.

• Permit length: Initially, a work permit may be granted for a maximum of one year, but it can be extended depending on continued compliance with the requirements.

Global Talent Stream: Accelerating the Recruitment of Specialized Talent

The Global Talent Stream is an initiative that is part of the Temporary Foreign Worker Program, designed to help Canadian companies quickly hire highly skilled foreign talent when Canadian workers are not available.

Program Categories

• Category A: Innovative companies in Canada that have been referred by a designated partner and need unique and specialized foreign workers to grow.

• Category B: Companies that require hiring foreign workers for highly skilled occupations that are on the Global Talent Occupations List due to domestic labor shortages.

Why is GTS so great?

• Fast Processing: LMIA applications are processed within 10 business days in 80% of cases.

• Labour Market Benefits Plan: Employers must develop a plan that demonstrates their commitment to activities that have lasting positive impacts on the Canadian labour market.

• Competitive Wages: Employers are required to offer wages that are equal to or higher than the prevailing wage for the specific occupation and region.

How this Helps Businesses Succeed ?

The implementation of these programs has enabled Canadian companies to:

• Access to Specialized Talent: Facilitate the hiring of professionals with specific skills that are scarce in the local labor market.

• Speeding up hiring: Significantly reduce the time needed to onboard new employees, which is crucial in fast-moving industries.

• Fostering Innovation: By incorporating diverse and highly skilled talent, companies can drive innovation and stay competitive globally.

Here's a quick summary:

Intra-Company Transfers and the Global Talent Stream are essential tools that allow companies in Canada to quickly access specialized talent, foster innovation, and maintain their competitiveness in the global marketplace. By understanding and effectively using these programs, businesses can boost their success and contribute to the country's economic growth.

At Wexcan, we offer expert advice to find the best immigration according to your profile. Our team works with specialists who will accompany you, help you choose the best investment option, incorporate your business, support them and their family in the initial administrative steps after your arrival.

🔍References :

Canada,ca- Global Talent

Canada,ca- Global Skills Strategy

Canada,ca- Global Talent Stream

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