This is the first of our two part series on the recently released Statistics Canada report on the income of immigrants. We analyse income trends for immigrants from different regions of the world who arrived between 2006 and 2010. The second part of this series can be found here. Data released last month by Statistics Canada shows large variance in […]
Read moreA report by the Canadian Federation of Independent Business (CFIB), which represents Canada’s small and medium sized businesses, estimates that the country’s regulatory burden costs Canadian businesses nearly $6,000 per employee per year, with the cost falling heaviest on small businesses. The report, done in partnership with auditor KPMG, also found that compliance costs are higher in Canada than the […]
Read moreLawyers representing a group of 1,000 immigration hopefuls whose applications for permanent residence under the Federal Skilled Worker Program (FSWP) were closed by the federal government under Bill C-38 argued in a hearing this week that the government’s decision violated the Charter of Rights and should be struck down. The 1,000 litigants are among those affected by Bill C-38, which […]
Read moreA 140 character tweet from Citizenship and Immigration Minister Jason Kenney last August may have answered one of the most pressing questions about the updated rules of the Federal Skilled Worker Program (FSWP) when it relaunches in May: will it be limited to a select group of occupations? The FSWP as it exists now is restricted to individuals qualified in […]
Read moreThe Harper government announced on Monday that it will inject $400 million in Canada’s venture capital industry as part of the Venture Capital Action Plan. The goal of the plan is to encourage the creation of large venture capital funds that specialize in investing in early-stage, high-growth startup companies in Canada. “Our Government understands that Canada’s long-term economic competitiveness in […]
Read moreIn an interview in late December, Canadian Citizenship and Immigration Minister Jason Kenney said that he expected his department to launch the Federal Immigrant Investor Program sometime in the first half of this year. The program, which grants permanent residency to those with assets worth over $1,600,000 in exchange for a no-interest five-year loan of $800,000, is currently not accepting […]
Read moreA comprehensive report on the challenges and opportunities of Canada’s oil sands by auditing giant Deloitte projects that the hydrocarbon deposits will contribute an estimated $2.1 trillion to Canada’s GDP over the next 25 years. The economic benefits of the added wealth include up to $783 billion in extra tax revenues over the period, which will provide a significant boost […]
Read moreThe Vancouver Sun reports that a group of Chinese-educated tutors are calling for British Columbia’s Education Ministry to raise math and science standards in the province’s public schools. The group of private tutors say that B.C. students are slipping compared to their Canadian counterparts and to students in other countries in international assessments of math and science aptitude, and this […]
Read moreToronto leads all Canadian cities with a score of 20.6 points in the most recent CWM Metropolitan Economic Activity Index, which rates the economic activity of Canadian cities according to nine economic variables selected by CIBC’s World Markets subsidiary. The indicators used in formulating the Index score include a city’s unemployment rate, population growth, bankruptcy rate and housing starts growth […]
Read moreCICS News has learned that Citizenship and Immigration Canada (CIC) has made a final decision on which occupations will be eligible for the new Federal Skilled Trades Program (FSTP) that is scheduled to open on January 2nd. CIC is expected to announce that the FSTP will give occupations one of two treatments; Group A occupations will be sub-capped at 100 […]
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