CMA Canada Applauds Federal Initiative to Keep Foreign Students Trained in Canada

    Skilled Student Retention a Major Boost for Canadian Productivity

    OTTAWA, Aug. 14 /CNW/ - The Certified Management Accountants of Canada
(CMA Canada) commends the Canadian Government on its proposed immigration
changes to allow foreign students trained in Canada to remain here en route to
citizenship and provide a significant boost to Canadian labour productivity.
    In its recommendations to Canada's Competition Policy Review Panel and in
pre-budget submissions this year, CMA Canada recommended that the federal
government adopt measures to retain foreign students trained in Canada through
enhancements to immigration policy to encourage gifted foreign graduates to
stay in Canada and help Canada's economy benefit from our investment in
    "CMA Canada has long seen the attraction and retention of talented
foreign students as a key element of improving human capital and enhancing
Canada's productivity record," said CMA Canada President and CEO Steve Vieweg,
CMA, FCMA. "These recent graduates are at the leading edge of the innovation,
talent and intelligence needed to help grow Canadian companies, increase
productivity growth, and compete in a global economy. The Government of Canada
is to be commended for this important productivity initiative."
    Under a new avenue for immigration proposed by the federal government
called the Canada Experience Class, foreign student graduates with Canadian
work experience who meet the new requirements, would receive temporary
resident status at the time of their application and be granted permanent
residence upon approval, without having to leave Canada.
    Mr. Vieweg also noted that a number of CMA provincial partners have
introduced programs that assist immigrants in developing competencies, such as
the mastery of the English language, to successfully complete the CMA
designation. Some of these programs have been developed with agencies whose
mandate is to introduce immigrants to the Canadian work environment.
    The most recent federal budget addressed other CMA recommendations such
as establishing a scholarship program to attract top students from around the
world. The budget also stated that the government would address immigration
changes that "will enhance Canada's ability to compete with other countries to
attract and retain the best foreign students," but no specific measures were
    At the time, Richard Monk, CMA, FCMA, CFE, C.Dir , Chair of the Certified
Management Accountants of Canada (CMA Canada), said, "It doesn't make sense to
spend money training the brightest foreign students in the world, only to have
them leave Canada and contribute to the economies of other countries at our
    Such students could until now, only stay in Canada a maximum of two years
following studies. CMA Canada's full submission is available on its web site

    With more than 38,000 certified members and 10,000 CMA Candidates around
the world, CMA Canada grants a professional designation in strategic
management accounting(TM) and is responsible for standards-setting,
accreditation and the continuing professional development of CMAs. Working in
organizations of all sizes, CMAs provide an integrating perspective to
business decision-making, applying best management practices in strategic
planning, finance, operations, sales and marketing, information technology,
and human resources to identify new market opportunities, ensure corporate
accountability, and help organizations maintain a long-term competitive
advantage. To optimize the performance of global enterprises and build
strategic management accounting skills(TM), CMA Canada offers innovative
executive development programs, advanced on-line courses, and internationally
recognized knowledge management publications. CMA Canada is a leader in
forging strategic partnerships with allied professional groups to expand
career opportunities for CMAs, and to enhance the success of businesses
operating in the global marketplace. For more information, visit CMA Canada's
web site at

For further information:

For further information: Steven Vieweg, President and CEO, CMA Canada,
(905) 946-3106, Toll free: 1-800-262-7622,; Stuart
McCarthy, Bluesky Strategy Group (for CMA Canada), (613) 241-3512 x 229, Cell:
(613) 762-4321,

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