Ontario is Aiming to Increase Its Skilled Immigration Intake
Ontario is the most popular landing destination in Canada. with the province welcoming a third of all newcomers to the country every year. In a historic move. The region and the federal government announced the doubling of the number of economic immigrants selected by the province. With a target of reaching 18,000 by 2025.
Ontario has decided to boost its skilled immigrant intake. And by investing an additional $25 million over the next three years. In addition to the $15 million already announced in the 2022 budget. This move aims to mitigate labor shortages and spur economic growth in the province.
According to Ontario’s official website. The recently announced investment in Budget 2023 will expedite the processing of newcomer applications. Enabling them to start working in their respective professions expeditiously. The allocated funds will be utilized to fortify security measures. And perform necessary IT updates to ensure that the system can cope with the growing demand presently and in the future.
Building a Strong Ontario
Ontario’s 2023 budget, titled ‘Building a Strong Ontario,’ is a strategic and targeted approach aiming at assisting individuals and businesses in the present while concurrently establishing a sturdy financial base for future generations.
Ontario has pledged to invest $75 million in the Skills Development Fund over the next three years, which will aid workers and job seekers obtain the necessary skills to pursue new prospects and progress in their careers. The government has announced an investment of $224 million in 2023 and 2024 in a new Skills Development Fund capital stream. This allocation of funds will extend access to training centers, enabling the training of a larger workforce in various high-demand careers, including skilled trades.
The budget report highlights the housing crisis and concerns regarding housing affordability. The government is determined to take corrective measures to build 1.5 million homes by 2031. The proposed More Homes Built Faster Act, 2022 will introduce changes to facilitate the construction of additional homes and render living expenses more economical for families residing in Ontario. As per estimates. The proposed changes are anticipated to reduce the cost of constructing a single-family home in the Greater Toronto Area by $116,900.
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OINP – Ontario Immigrant Nominee Program
Ontario’s Provincial Nominee Program (PNP), also known as the Ontario Immigrant Nominee Program (OINP), is the primary means of immigrating to Canada as a skilled worker.
The Ontario PNP comprises two types of streams: Base streams and Enhanced streams. Enhanced streams are in alignment with Canada’s Express Entry System. The federal government utilizes Express Entry to manage permanent residency applications for the country’s three major economic class immigration programs.
The OINP enables skilled immigrants with qualifications and expertise. That aligns with the province’s need to obtain a provincial nomination from Ontario. This nomination allows them to pursue Canadian permanent residency by applying to IRCC.
Base streams are the streams that do not synchronize with the Express Entry system. When candidates receive a provincial nomination, they must apply directly to IRCC.