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Immigration
By Stephanie Ford
Posted on April 19, 2024
This article was updated more than 6 months ago. Some information may be outdated.
This program is designed to help select high-growth companies attract highly-skilled foreign workers to bring those skills to Canada. The Pilot will run for almost two years, but workers may receive an employer-specific work permit valid for up to five years. Their accompanying family members may also receive an open work permit.
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Canada’s Global Hypergrowth Project provides support to innovative, high-growth Canadian companies that meet a range of other selection criteria too, including ESG metrics. These companies will be given additional support to help them scale and flourish.
A part of this is providing access to the top talent these companies need. The Innovation Stream Pilot will help these selected companies attract talented, high-skill workers from around the world.
The following companies have been selected for the Global Hypergrowth Project:
Employers from this group will be permitted to hire high-skilled workers globally and bring them to Canada through to the end of the pilot. At the moment, the Innovation Stream is slated to be in place until March 22, 2026, unless otherwise extended.
Since this pilot program relates to specific employers, the process for receiving a work permit via this program may look like this:
It’s worth noting that those applying for TEER 0 or 1 positions from outside Canada may be eligible for 2-week work permit processing under this stream. Yes, you could go from job offer to application to living in Canada within one month under this pilot program.
Those applying for TEER 2 or 3 positions via this program are not eligible for the 2-week permit processing and should expect it to take longer. The processing times for this stream have not otherwise been published.
To be eligible for the Innovation Stream Pilot, you must show:
The wage requirement is a little convoluted, but it is designed to ensure the temporary worker will receive competitive compensation for performing the work. The specific requirements outline:
The wage offered for the position is at or above the median hourly wage for the province or territory: AND
Meets the requirements of the applicable collective bargaining agreement;
OR if there is not collective bargaining agreement)
Is either:
If the wage/salary offered does not meet the wage requirement, the employer will need to apply for an LMIA. It will not be able to take advantage of the LMIA-exempt work permits.
These are some of the current positions available at the NOC TEER 0, 1, 2 or 3 level:
You can search for open positions at the Hypergrowth Project companies using the following links:
A free Moving2Canada account can help you plan for your move to Canada. Your account comes with everything from an Immigration Quiz to planning checklists to special offers from our partners. It can help you answer questions like will I need health insurance to move to Canada under the Innovation Stream Pilot? (Yes, you will want to consider health insurance to cover you during your first few months in Canada.)
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Canada Abroad is a transparent Canadian immigration consultancy with advice you can trust. Led by Deanne Acres-Lans (RCIC #508363), the team delivers professional, regulated, and efficient service.
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