Business analysts are expressing concern over the Canadian government’s new immigrant entrepreneurship program, arguing that the changes are not enough to compete for talent in today’s global market.
For example, in a recent editorial for MSN Money, business and policy analyst Dierdre McMurdy points out that despite heavily trumpeting the new Start Up visa program both at home and abroad, the Canadian government has been less than specific about the details surrounding the investment regulations.
Furthermore, argues McMurdy, the new program will do little to address some of the more pertinent and wide-ranging concerns facing Canada’s labour market today.
“The entrepreneurs are a high-profile and relatively easy piece of the puzzle,” says McMurdy. “But achieving a genuine shift toward a more innovative national culture is a bigger task — with bigger problems.”
First off, the Canadian government must do more to address the underutilization of skilled immigrants once they arrive in the country. Secondly, the government needs to address the policy fractures that have occurred as a result of granting immigration jurisdiction to the provinces, complicating credential recognition processes and limiting mobility between cities.
As more and more countries gain economic prowess, there are less incentives to pick up and start over in a place like Canada. This, combined with Canada’s stagnant population growth rates, mean that now more than ever, the government needs to be clear, fair and effective when it comes to immigration policy.