Posted on December 28 2022
The financial services sector is one of the most important sectors in Canada. The job trends for finance officers in Canada show that. Here are a few reasons for you to choose to work as a finance officer in Canada:
Professionals across the world in a range of job sectors consider migrating to Canada to work and settle there. Here are the main reasons:
Canada needs a large number of skilled workers for which the country is largely dependent on Canada immigration. The country has been setting huge targets for the annual number of immigrants to be invited to settle there. Here’s a snapshot of the number of immigrants Canada is determined to bring into the country through its numerous pathways and categories.
|Overall Planned Permanent Resident Admissions||465,000||485,000||500,000|
|Economic||Federal High Skilled||82,880||109,020||114,000|
|Federal Economic Public Policies||25,000||-||-|
|Economic Pilots: Caregivers; Agri-Food Pilot; Rural and Northern Immigration Pilot; Economic Mobility Pathways Project||8,500||12,125||14,750|
|Atlantic Immigration Program||8,500||11,500||14,500|
|Provincial Nominee Program||105,500||110,000||117,500|
|Family||Spouses, Partners and Children||78,000||80,000||82,000|
|Parents and Grandparents||28,500||34,000||36,000|
|Refugees and Protected Persons||Protected Persons in Canada and Dependents Abroad||25,000||27,000||29,000|
|Resettled Refugees - Government-Assisted||23,550||21,115||15,250|
|Resettled Refugees - Privately Sponsored||27,505||27,750||28,250|
|Resettled Refugees - Blended Visa Office-Referred||250||250||250|
|Total Refugees and Protected Persons||76,305||76,115||72,750|
|Humanitarian & Compassionate and Other||Total Humanitarian & Compassionate and Other||15,985||13,750||8,000|
Job trends in Canada, 2023
Canada’s financial sector offers many job opportunities that include significant roles such as financial officers, advisors, and accountants. The range of salaries for jobs in the finance and accounting sector is from around $30,000 to above $100,000.
|The NOC code for Finance Officers (Accounting technicians and bookkeepers) under NOC 2016 is 1131 and as per NOC 2021 (TEER system) is 12200.|
The average annual salary of finance officers in Canada in 2022 is approximately CAD46,000.
Eligibility criteria for Finance Officer
Currently, there are more than 2,382 job vacancies in Canada for finance officers.
How can a Finance Officer migrate to Canada?
There are multiple immigration pathways for finance officers in Canada in 2023. Here are a few options:
Express Entry is the best option for professionally qualified and experienced finance officers to immigrate to Canada. To enter the Express Entry system and find a place among eligible candidates, you have to get ranked with a minimum point of 67 under the CRS (Comprehensive Ranking System).
The CRS score is determined by considering factors like your
The higher the CRS points you score, the better your chances are to be sent an ITA (Invitation to Apply) for a Canada PR visa. In response, you can apply for the visa within 60 working days of receiving the ITA.
To immigrate to Canada as a finance officer, you don’t need a job offer from Canada. However, having a job offer can increase your CRS points.
The PNP is another great way to take to migrate to Canada as a finance officer. Every Canadian province has a PNP immigration pathway of its own. PNP caters to the needs of a province to source suitable and skilled foreign workers to fill the job vacancies there.
If an immigration candidate interested in settling and working in a province has a profile in the Express Entry and gets nominated by the province, that candidate gets 600 extra CRS points (the score granted under Express Entry after assessments). These points become an advantage as the candidate will get a sure chance of getting invited for permanent residence through a federal immigration draw.
Under the RNIP, there are 11 communities that are currently participating in the program. RNIP is a pilot program designed to attract skilled foreign professionals including finance officers, who are in high demand in the region.
Under the RNIP, candidates will require a valid job offer issued by employers in one of the communities participating in the program. Only then can the candidates get the eligibility to lodge an application for a Canada PR visa via the RNIP.
The AIP is an immigration pathway for skilled foreign workers to obtain Canada PR. It’s also available for international graduates who graduated from a recognized post-secondary institution situated in Atlantic Canada. They must be ready to live and work in one of four Atlantic provinces in Canada. These provinces are
To qualify for this immigration program, you must procure a job offer from an employer in Atlantic Canada. The employer must genuinely be not able to find qualified candidates to fill the jobs with local workers.
For trusted and globally reputed multiple services necessary for a potential immigrant wanting to move to Canada, visit Y-Axis. Professionals like finance officers wanting to move to Canada can seek our valuable services namely:
If you are willing to migrate to Canada, talk to Y-Axis, the leading immigration and career consultant in the UAE.
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Posted On September 27 2023
Latest Express Entry draw issues 3,000 ITAs for candidates with a CRS score of 504