According to reports, Canada’s recently announced work permit scheme for U.S.-based knowledge workers on H-1B visas is bearing dividends.
This came after Canada received over 10,000 applications from H-1B visa holders within 48 hours of its introduction. The initiative will run for one year, or until the threshold of 10,000 applications is reached.
Workers can live and work in Canada for up to three years under the scheme, and they can work for any company in the nation. Spouses of visa holders can also work freely in Canada. The program is part of Canada’s efforts to attract top talent from around the world. The Canadian government believes that this program will help to boost the country’s economy and make it a leading destination for innovation.
Due to bureaucratic difficulties and green card restrictions, H-1B visa holders in the United States suffer extended wait times for permanent residency, with some Indian employees facing wait lengths of more than 150 years. Canada, on the other hand, has a faster procedure that takes only six months. Furthermore, H-1B visa holders in the United States face deportation if they leave their employment and are unable to find a new company to sponsor them within 60 days. As a result of the unclear labor demands in the field of technology, many people are migrating to Canada.
According to reports, this will have an economic impact on the United States because H-1B employees pay heavily to taxes, Social Security, Medicare, and consumer expenditure. Each H-1B visa holder generates around two new employment, so promoting domestic growth. If talented employees continue to leave, productivity, economic development, and living standards will suffer.
The sources for this piece include an article in DataCenterKnowledge.
