Hudak Announces Bill to Help New Canadians Build their Careers and Create Jobs in Ontario
Wednesday, May 26th, 2010
News:
Ontario PC Leader Tim Hudak today shared details of his upcoming Newcomers Employment Opportunities Act. The act includes practical and affordable measures to help new Canadians find employment and create jobs in Ontario.
Hudak’s bill would lower the investment threshold for any immigrant investor who is looking to open a business outside of the Greater Toronto Area. In addition, the bill would provide new tax incentives for employers who pay for English and French language training for new Canadian employees. Finally, Hudak’s bill would require every Ontario regulated profession to provide potential immigrants with affordable and comprehensive access to credentialing information.
Hudak, who also serves as Ontario PC Citizenship and Immigration critic released the details of his bill after meeting with prominent business leaders from several of Ontario’s multicultural communities at the Mississauga Seniors’ Centre.
Quotes:
– Ontario PC Leader Tim Hudak
– Roundtable Participant Gul Nawaz; Senior Partner, Nawaz, Taub & Wasserman Chartered
Accountants
Quick Facts:
If passed, Tim Hudak’s Newcomers Employment Opportunities Act would do the following:
- Lowers Investment requirements from $3,000,000 to $1,000,000 for immigrant applicants applying for permanent residence status in the investor category if the immigrant investor plans to operate a business outside of the Greater Toronto Area.
- Provide a new tax credit to eligible employers who arrange for occupation specific English as a second language or French as a second language training for immigrant employees who have been in Canada for less than two years. The tax credit would be equal to 10% of the enrolled employees’ wages.
- Require regulated professions to make training materials and credentialing information available to prospective immigrants online while empowering the Fairness Commissioner to monitor reasonableness of Ontario professional credentialing processes compared to other jurisdictions.
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