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Canadian Government Promotes Recognition of Immigrants' Qualifications

Canada's government has enacted a number of strategies in the past several years intended to specifically address its effort to improve the integration of immigrants into Canadian society. A large part of this overall effort is the improvement of the recognition of foreign credentials in Canada. By improving the recognition of such international credentials, the government seeks to improve the success of Canadian immigrants quickly finding work in the fields of their expertise.

As part of the effort to improve credential recognition, the government has recently introduced a new resource directed to Canadian employers. Integrated in to the Foreign Credentials Referral Office (FCRO), the Employer's Roadmap is intended to aid employers in meeting their labour needs more effectively, while allowing skilled newcomers to apply their expertise to work in Canada more quickly.The Employer’s Roadmap derives from a partnership between the FCRO, Citizenship and Immigration Canada (CIC), and The Alliance of Sector Councils (TASC).

Speaking about this new resource, Canada's Minister of Citizenship, Immigration and Multiculturalism states that “The Government of Canada is committed to improving the labour market integration of internationally trained workers – this is essential to building a strong Canada: socially, culturally and economically. Employers are key partners in helping internationally trained workers find jobs in their areas of training, and this resource makes it easier for employers to assess their qualifications.”
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Canada small business financing program

New in Canada's Economic Action Plan

Through Canada's Economic Action Plan, the federal government increased the maximum loan amount under the Canada Small Business Financing Program (CSBFP) from $250,000 to $350,000 and to $500,000 for real property. Lending institutions with a portfolio above $500,000 will also be allowed to claim reimbursement on losses of up to 12 percent of the value of their portfolio, up from the current 10 percent. In addition, a package of regulatory amendments has been developed to ease the administrative burden of the program.

About the Program

The Canada Small Business Financing Program helps small and medium-sized enterprises access financing. Industry Canada administers the program in partnership with a network of private sector lenders, with over 1,200 points of service across all provinces and territories. Lenders are responsible for all credit decisions and for making the loans. As the government covers a portion of eligible losses due to default, the CSBFP encourages lenders to offer loans they would not otherwise make.

How It Works

Financial institutions deliver the program. The government does not participate in lending decisions.
Entrepreneurs should discuss their business needs with a financial officer at any bank, Cassie popularize or credit union in Canada. The financial officer
will review the business proposal and make a decision on the loan application. Once the decision is made to offer financing under the program, the financial institution will register the loan with Industry Canada.

Who Is Eligible

Eligible institutions include small businesses operating for profit in Canada, with gross annual revenues of $5 million or less, excluding farming businesses, not-for-profit organizations, and charitable and religious organizations.

How to Find Out More

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CANADA'S ECONOMIC ACTION PLAN DELIVERING FOR FARMERS

OTTAWA, Ontario, June 7, 2009 - The Harper Government's Economic Action Plan is already delivering real results for Canadian farm businesses and farm
families, Minister of Agriculture Gerry Ritz reported today.

"Agriculture is a vital sector of the Canadian economy and Canadian farmers must play an important role in helping Canada recover from the global recession," said Minister Ritz. "That is why our Economic Action Plan included key investments to make sure Canadian farmers can maximize market opportunities, and that is why we have taken extraordinary action to cut down on red-tape and delays so farmers can benefit from these investments right away." "Farmers remain the backbone of the local economy for hundreds of communities throughout Canada," said the honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture). "The bottom line is that our plan will make sure farmers come out of the current global situation stronger than ever."