As per this link:
March 17, 2023—Toronto—Employers are facing unprecedented challenges in finding and retaining the workers they need during this period of economic recovery and growth.
Starting April 6, 2023, these measures will allow PGWP holders who wish to stay longer to opt in to a facilitative process to extend their work permit and will allow Canada to retain high-skilled talent.
Talented and skilled international graduates play a vital role in addressing Canada’s labour shortage, and those nearing the end of their PGWP are already well integrated into Canada’s labour market. The additional work permit will allow eligible applicants to continue contributing to the Canadian economy while gaining valuable work experience and preparing for the opportunity to apply for permanent residence.”
Immigration, R. and C.C. (2023). Canada announces extension of post-graduation work permits for up to 18 months to retain high-skilled talent. [online] www.canada.ca. Available at: https://www.canada.ca/en/immigration-refugees-citizenship/news/2023/03/canada-announces-extension-of-post-graduation-work-permits-for-up-to-18-months-to-retain-high-skilled-talent.html.
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