‘Revenue losses, project delay’: How immigration is crucial for rebuilding Canadian economy

Amid growing labor shortages in some sectors in Canada, the country has begun processes to invite a record number of immigrants to apply for permanent residence to fill vacancies. that blank. In this context, a number of companies and academic institutions are complaining that Immigration, Refugees and Citizenship Canada (IRCC) visa processing delays are negatively affecting surname. As many of them have said, ‘immigration is crucial to rebuilding the Canadian economy’.

A recent survey by the Employee Relocation Council of Canada (CERC) noted that from June to July, the total applicant backlog at IRCC increased from 2.4 million to 2.7 million, an increase of 12 %. During the same period, the backlog of temporary foreign workers increased by 21% from 408,733 to 493,746 applicants.

“This is driving processing times beyond IRCC’s service standards.”

A total of 33 organizations responded to the CERC survey.

IRCC processing delays cause revenue loss

Employers who participated in the survey pointed to the importance of international talent as a determining factor for business performance. “The contribution of international talent is very important to our business.”

Among employers, 97% hire international talent through work permit programs and 53% access economic immigration. Most, 90%, participating organizations employ more than 2,000 workers and 31% employ more than 10,000 workers.

They report, “About 94% of organizations have canceled or delayed projects as a result of processing delays. For 55% of organizations, delays lead to lost revenue. “Meanwhile, 29% of universities said they were canceling or postponing educational programs, as well as postponing research projects.

International talent is crucial to rebuilding the Canadian economy

The CERC survey says the need for Canadian employers to access international talent quickly will play a vital role in rebuilding the Canadian economy in a post-pandemic world. Experts also agree that immigration will be a key strategy for surviving a possible recession, the report states.

Meanwhile, Immigration Secretary Sean Fraser’s letter of authorization urges him to reduce application processing times, including addressing delays caused by COVID-19.

On the same note, the Minister said processing times are expected to return to normal by the end of the calendar year. IRCC has worked to improve applicant wait times by adding around 500 employees out of its 11,000 staff, as well as modernizing the immigration system.

In addition, a budget of $827 million was earmarked to digitize the current immigration system, plus an additional $85 million to speed up processing for certain business lines, such as study permits, work permit and PR card renewal.

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