Y-Axis Immigration Services

Sign up for free

expert consultation

Down Arrow

I accept the Terms & Conditions

Icon
Don' know what to do?

Get Free Counseling

Posted on January 10 2024

Canada introduces new salary benchmarks for Temporary Foreign Workers

profile-image
By  Editor
Updated January 10 2024

Listen to this article

Highlights: Canada introduces new salary standards for Temporary Foreign Workers

  • Immigration policies in Canada are undergoing changes to address the labor shortages.
  • The LMIA provided must meet the recent salary standards when applying for Temporary Foreign Worker Program.
  • Some employers will be exempt from the LMIA requirement.
  • FMRI emphasizes the importance in tackling labor shortages and to draw in foreign workers to strengthen the economy.
  • Temporary foreign worker rights are protected in Canada by providing them with the same rights as Canadian citizens and permanent residents.

 

*Check your eligibility to Canada with Y-Axis Canada CRS Points Calculator for free.

 

Recent updates to Temporary Foreign Worker Program (TFWP) in Canada

Canadian immigration policies are undergoing significant updates, in a move to address persistent labor shortages across the nation. When applying for the Temporary Foreign Worker Program (TFWP), employers must make sure the labor market impact assessment (LMIA) they provide meets the most recent salary requirements.

 

According to Immigration, Refugees and Citizenship Canada (IRCC), for LMIA applications submitted as of January 1, 2024, employers are required to update salary for temporary foreign workers to comply with TFWP requirements.

 

*Planning for Canada Immigration? Y-Axis will guide you in step by step process.

 

Exemptions for some employers from LMIA requirement

While most employers must obtain an LMIA before hiring a temporary foreign worker, some exemptions exist for employers from the LMIA requirement. The latest update to the list of exclusions and associated codes, released on December 15, 2022, outlines three categories exempt from the LMIA requirement:

  • Those covered by international trade agreements
  • Those covered by federal government and provincial/territorial agreements
  • Those considered being in Canada's best interests

 

Key occupations and national median income in Canada

Job Bank, a national database, states that median worker wages vary by province. The latest data from Job Bank provides insights into median hourly incomes across key occupations.

 

Occupation

NOC

Wages per hour

Registered Nurse

NOC 31301

CAD $40.39

Software Engineers

NOC 21231

CAD $51.64

Cooks

NOC 63200

CAD $16

 

These figures highlight the difference in wages across various professions in Canada.

 

*Willing to Work in Canada? Y-Axis is here to help you.

 

Canada to permit more foreign workers to strengthen its economy

Canada is keen to draw in foreign laborers in order to strengthen its economy, as there is a constant labor shortage in the nation.

 

The Canadian Federation of Independent Business (CFIB) estimates potential losses of up to $38 billion in contracts and sales for Canadian companies due to labor shortages. The 97,000-member organization emphasizes the urgent need to address the impact on small and medium-sized businesses.

 

FMRI emphasizes the need for tackling labor shortages

The Forum of Ministers Responsible for Immigration (FMRI) underscores the role of immigration in tackling labor shortages, attracting capital, meeting workforce needs and supporting Canada's economic growth.

 

*Want to work in Canada through TFWP? Y-Axis is here to help you.

 

Protection of Temporary Foreign Workers rights in Canada

Canada is committed to protecting the rights of temporary foreign workers, providing them with the same rights and protections as Canadian citizens and permanent residents. A number of territories and provinces are working to strengthen the recognition of foreign qualifications so that immigrants can find employment in fields that suit their training and expertise.

 

Looking for jobs in Canada? Talk to Y-Axis, the world’s no. 1 overseas immigration company.

For more updates on Canada Immigration news, follow Y-Axis Canada news page!

Web Story:  Canada introduces new salary benchmarks for Temporary Foreign Workers

Tags:

Immigration news

Canada immigration news

Canada news

Canada visa

Canada visa news

Migrate to Canada

Canada visa updates

Work in Canada

Overseas Immigration News

Canada immigration

Temporary Foreign Workers

Jobs in Canada

Share

Options for you by Y-Axis

phone 1

Get it on your Mobile

mail

Get News Alerts

contact 1

Contact Y-Axis

Latest Article

Related Post

Trending Article

New PR pathways

Posted On December 12 2024

Canada to Introduce 4 New PR Pathways in 2025