
Publication
International Restructuring Newswire
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | November 2016
Immigration, Refugees and Citizenship Canada (IRCC) has announced that it plans to reduce visa and work permit processing times for certain workers to two weeks and introduce a short-term work permit exemption for intracompany transferees and experts who will work in Canada for fewer than 30 days per year.
Canada’s Minister of Finance stated in his 2016 Fall Economic Statement that long work permit processing times are making it difficult for Canadian employers to attract the foreign talent they require to succeed. Currently, work permits can take upwards of four months to process.
In light of this, IRCC has announced plans to create a Global Skills Strategy that will reduce visa and work permit processing times to two weeks. This initiative will look to support:
IRCC also plans to introduce a work permit exemption for intracompany transferees, international exchange students and experts entering Canada to work for fewer than 30 days per year.
These proposed changes will benefit Canadian employers and temporary foreign workers as it will facilitate the entry of foreign talent to train Canadian workers and drive innovation. This will result in more jobs for Canadians and a stronger economy.
We will provide additional information on these proposed initiatives as soon as it is available.
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Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
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Canada is well-positioned to be a leader in Carbon Capture and Storage (“CCS”).
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Hydrogen has long been of interest as a low emission or emission-free energy source. For Canada, its use, production, and transportation loom as a new energy disruptor. As a fuel, hydrogen is a clean power source that when combusted, produces no carbon dioxide emissions, only water vapour. Some methods used to produce hydrogen do, however, generate emissions.
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