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IRCC sets new wage rules for employers recruiting temporary foreign workers

IRCC sets new wage rules for employers recruiting temporary foreign workers From January 1, 2024, employers recruiting through the Temporary Foreign Worker Program (TFWP) must adjust foreign workers' wages to match updated prevailing rates, as per Immigration, Refugees and Citizenship Canada (IRCC). Although some employers are exempt, this usually requires a Labour Market Impact Assessment (LMIA). The Job Bank updates provincial wage differences annually.  Canada is inviting foreign workers to boost its economy amid labor shortages, with potential losses of $38 billion due to shortages, as the Canadian Federation of Independent Business (CFIB) reported. Foreign workers in Canada are legally entitled to the same rights as Canadians, with employers required to ensure a fair work environment and access to healthcare. Even if the prevailing wage falls, the updated wage can never fall below the wage identified in the positive LMIA at any time during a TFW's employment period. Emplo