International students choose PGWP to stay longer in Canada after completing their studies at a Designated Learning Institute. They do this to create and develop their life in Canada for the better.
A DLI is an educational institution in association with a territorial or provincial government to welcome international students. Reportedly, a study of PGWP holders by annual graduation group reveals an increase in the total number of PGWP holders in Canada each year. The research found that 29% of 2008 cohort graduates still held a Post-Graduation Work Permit five years later. For the 2009 graduating class, that figure increased by an additional 5%, and it has been steadily rising since then. 52% of the class of 2013 grads who graduated five years ago have a PGWP.
Statistics indicate a 528% rise in the maximum population of PGWP members between 2008 and 2018—further demonstrating the PGWP’s expansion. Furthermore, it accounts from 10,300 to 64,700.
International students choose PGWP- the chief reasons
Approximately, 87,000 international students with valid study permits exist across Canada. Statistics Data claims that the main reason behind the increasing popularity of PGWP is due to two main factors. The foremost reason is that PGWPs enable international students to earn and reside in Canada. Secondly, they hold relevance to acquiring Canadian permanent residency.
PGWP members’ median income increased between 2008 and 2018
The median average earnings for valid PGWP holders with favorable T4 earnings during the 2018 tax year was $26,800. However, that sum was only $14,500 in 2008.
In Canada, PGWP holders now have much better income potential, which supports the trend of increasing PGWP ownership. In 2008, the lowest median income for PGWP holders in any jurisdiction was $10,600. (Quebec). The province of Alberta witnessed the highest earnings in 2008, with PGWP holders making a median average of $24,000. In 2018, those figures soared to $23,200 in Quebec and $32,000 in Alberta, respectively.
International students choose PGWP to gain Permanent Residence in Canada
The permit holders conveniently moved toward their Canadian Permanent Residency after graduation through the PGWP. International students could efficiently work in Canada after graduation from a DLI through a PGWP. Open Work Permits enable these permit holders to work for any Canadian employer for three years.
However, the duration of the PGWP will significantly depend upon the duration of the post-secondary program under which the candidate completes their graduation.
Several paths to becoming a permanent resident in this country directly favor applicants with Canadian work experience. Hence, the work experience acquired through a PGWP can be very advantageous for potential PRs.
PGWPs can thus directly affect how successfully foreign students can obtain permanent resident status in Canada, which helps explain the rising popularity of this work permit program over time.
According to Statistics Canada’s data, nearly 75% of all PGWP holders became permanent residents within five years of acquiring their PGWP.
It is clear that more and more Canadian foreign students are now utilizing the PGWPP to their advantage, even though these numbers vary among PGWP holders who acquired various educational credentials- bachelor’s vs. master’s degrees, etc.
Conclusion
The information presented above explains why prospective international students, as well as those who are currently studying abroad, would profit from learning about the PGWP if they intend to settle in Canada as permanent residents eventually.
