The Comprehensive Guide to LMIA in Canada for Employers and Candidates


 

What is the Labour Market Impact Assessment?

LMIA or Labour Market Impact Assessment is an important document issued by the Canadian Government to employers and candidates to analyze the impact of hiring a foreign worker in the labor market of Canada. It is required by companies that want to hire foreign workers in Canada and LMIA in Canada ensures that hiring a foreign worker will not affect the job opportunities of the citizens of Canada.

Eligibility Criteria for LMIA in Canada

There are certain requirements that need to be fulfilled in order to ascertain the LMIA document. The requirements are as follows:

  1. Processing fee: It is mandatory to pay a $1,000 Government processing fee per application.
  2. Language requirements: The Applicant must know French or English language to get a job in the Canadian Labour Market.
  3. Business legitimacy: LMIA in Canada for Employers ensures that they must fulfill the terms of the employment offer. The most common documents used for this are:
  • T2 Schedule 100 Balance sheet information
  • T2 Schedule 125 Income Statement information
  • An Attestation letter can be used to supplement these. It can be drafted by a Lawyer or CPA (Chartered Professional Accountant)
  • Business License, T4 Summary of remuneration paid, or PD7A statement of account.

Benefits of LMIA in Canada for Employers

  1. LMIA in Canada allows Canadian employers to hire skilled workers when they cannot find suitable candidates within the premises of Canada.
  2. Hiring international talent brings diverse skills, experiences, and new perspectives to the workplace. It can lead to innovation and more competitiveness in the global market.
  3. By hiring foreign workers, employers can contribute to the Canadian economy by increasing tax revenue, economic activity, and business expansion. 

Benefits of LMIA in Canada for Candidates

  1. Getting access to LMIA opens the doors for skilled foreign workers and the candidates can secure a path of working in Canada.
  2. LMIA in Canada for Candidates allows them to establish roots and build a long-term future in the country. It provides candidates the opportunity to build a pathway to permanent residency in Canada.
  3. Earning a competitive wage in Canada leads to financial stability and it provides the ability to support a person and family.

7th Sky Foreign Education provides visa consultancy services to people from around the world. The Visa consultants provide valuable guidance and support throughout the entire visa application process. From guiding and helping clients to prepare the necessary documentation to prepare them for interviews, 7th Sky Foreign Education is your one-stop solution. 


Connect with the experts at 7th Sky Foreign Education today to seek guidance for LMIA in Canada.

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