19 March 2008

Wage increases in finance sector could boost Canada immigration

People working in the financial industry who head abroad through Canada immigration could be earning more money as wages in the sector are boosted by increased demand. In an attempt to attract more youngsters into the industry, wages are being increased by nine per cent in the cases of the most sought-after jobs.

Geri Markvoort, director of total rewards for KPMG in Toronto, said: "Young, new recruits will see almost 20 per cent increases in their first couple of years as they develop their skills and get their (Chartered Accountant designation)." She added that it is "very important" to be competitive at junior level because they have "lots of options". KPMG has member firms which operate in 145 countries and employ over more than 123,000 professionals worldwide.

Canada is also suffering form a ten-year shortage of tax accountants, further boosting people considering Canada immigration. This has resulted in wages rising by between six and nine per cent for tax specialists and auditors, according to the 2008 Salary Survey by Robert Half International.

Canada welcomes new immigrants: The Canadian Visa Bureau can assist skilled workers interested in Canadian immigration. More information on Canadian visas is available on the website. Anyone applying for a Canadian visa should begin by completing the online Canadian visa application to see if they meet the legislative requirements.