
Publication
Essential Corporate News – Week ending 23 May 2025
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
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.
Publication
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
Publication
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
Publication
On April 29, 2025, Minister for Pensions Torsten Bell confirmed that new regulations will be laid in the autumn to allow for multi-employer collective defined contribution (CDC) schemes to be established. The related press release can be read here.
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