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In the news
After months of back-and-forth negotiations, the provinces with the exception of Quebec, have accepted "a compromise" deal on the Canada Job Grant, a centrepiece proposal made by the federal government during last year's federal budget. Click here for more information.
The B.C. government will lose a $400-million loan fund, used to help replace schools and expand hospitals, as a result of Ottawa’s decision to scrap the immigrant investor program. Under the program, investor immigrants with a net worth of at least $1.6 million lend Canada $800,000 for five years in exchange for permanent residence. The province gets to use the money for five years and it is then returned, interest-free, to the immigrant.
Federal Budget introduces new tool to meet Canadian labour needs – the Expression of Interest system
Key to enhancing Canada’s immigration system, to make it flexible and focused on meeting labour market needs, will be the introduction of an Expression of Interest (EOI) system, according to the federal government’s Economic Action Plan 2014. Click here for more information.