Labour Market Impact Assessments
Labour Market Impact Assessments provide employers with the opportunity to fill a labour shortage in their company. There are various types of LMIA’s and which one is best suited for your company is a determination that should be made prior to applying. The Temporary Foreign Worker program is an excellent way to increase productivity in a company that faces a shortage of labour.
LMIA’s are subject to high levels of review by the Employment and Social Development Canada (ESDC), which is also known as Service Canada. As such, the LMIA must be free of errors. Canadian Immigration Group is an expert with LMIA’s and welcomes any questions you have.
What is an LMIA?
An LMIA is an authorization from Employment and Social Development Canada (ESDC), to employers, to hire foreign workers.
What is An Owner/ Operator LMIA?
There are certain types of jobs which are exempt from employers having to post job openings. An Owner Operator LMIA is an application that allows business owners to obtain work authorization within their own company and who have an active involvement in the operations. The individual must meet strict requirements that the ESDC has stipulated.
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Qualifications for Owner/ Operator LMIA
As with any employment opportunity that you wish to benefit from in Canada, owning or operating your own business and applying for the respective LMIA, is monitored by the Employment and Social Development Canada (ESDC) closely. This is to ensure that the business venture is positive and that you meet the requirements of the program.
The qualifications stipulated by the ESDC concerning the LMIA for foreign nationals that wish to own or operate their business in Canada are as follows:
- Own a business located in Canada
- Hold 50-percent or more of the interest in the business
- Provide proof that through the temporary entry to Canada there will be a creation or retention of employment opportunities and/or skill transference offered to Canadians and permanent residents of the country
- Must hold a position within the business that cannot be dismissed or is answerable to a more senior member of the company
- Create a business plan that demonstrates how the business will be funded with the inclusion of at least a rudimentary financial plan and timeline of events, as well as an outline as to how the individual will create or maintain employment within the company
- Show proof of the active management of the business by means other than through passive investment, in which the foreign national can provide possession of the qualifications and experience to hold their intended position within the company that will allow them to earn a wage equal to or greater than the median wage requirements for the position
- Must agree to employ at least one Canadian citizen or permanent resident of the country within the first year. This must be described and included in the finished business plan
Most foreign nationals that are granted a positive LMIA for owning or operating their own business in Canada, soon after, seek the appropriate stream towards permanent residency.