• Page Views 1453
  • VICTORIA – Jane Shin, New Democrat spokesperson for multiculturalism and immigration, introduced legislation on Wednesday that would eliminate fee gouging when sending money overseas. “A great number of hardworking British Columbians send money internationally to support their loved ones,” said Shin. “Remittances are widely used by Canadians to help out friends or family members in their home country, or who are studying or travelling abroad, and to support charities and disaster relief efforts.”

    Shin’s proposed legislation, if passed, would cap fees on international remittances in B.C. at five per cent, the rate recommended by the World Bank.

    Workers in Canada send roughly $24 billion in international remittances each year, and face an average fee of 15 per cent. In some cases the fees can be even higher.

    “We can improve the lives of people here in B.C. and around the world simply by bringing our rules into line with recommended international standards,” Shin said.

    Impact Assessments because affected TFWs are waiting in a queue for their permanent residence applications to be processed. Canada’s CIC is providing a one- year bridging work permit to TFWs who are subject to the four-year cumulative duration limit.

    Share

    Related Post

    Related Blogpost

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    New Posts Recently publish post More

    • 25 June 2020
      1 week ago No comment

      Prime Minister announces support for students serving their communities and opportunities to gain  paid work experience

      For immediate release June 25, 2020            Ottawa, Ontario       Prime Minister’s Office Post-secondary students and recent graduates are facing unique and unprecedented challenges because of COVID-19. There are fewer jobs, and many co-op, internship, and community service placements have been cancelled. At ...

    • 25 June 2020
      1 week ago No comment

      B.C. enters Phase 3 of its restart plan from COVID-19

      The province of B.C. is taking a phased approach to mitigate the impacts of COVID-19 pandemic. The four-phase plan provides guidance for individuals and businesses. On Wednesday (June 24), B.C. began Phase 3. Under Phase 3, people can take part in smart, safe and respectful travel within B.C. Reminder: ...

    • 25 June 2020
      1 week ago No comment

      Surrey Makes PPE companies hit $4M in sales

      16 local manufacturers have retooled to serve the Canadian PPE supply chain Sixteen manufacturers participating in the Surrey Makes PPE program have sold over $4 million worth of personal protective equipment (PPE) to help Canadians combat COVID-19. The initiative was launched in response to the growing demand for made-in-Canada ...

    • 25 June 2020
      1 week ago No comment

      Petition against ABS-CBN fails before Supreme Court

      Philippine broadcast giant ABS-CBN remains off the air, but it has scored a win before the Supreme Court of the Philippines. Sitting en banc, the high court on June 23 junked the petition filed by Solicitor General Jose Calida to revoke ABS-CBN Corp.’s franchise. The Supreme Court ruled that ...

    • 18 June 2020
      2 weeks ago No comment

      We’re fighting for our lives: ABS-CBN

      It’s been more than a month since Philippine media giant ABS-CBN went off the air. At the resumption of congressional hearings on the renewal of the company’s franchise, ABS-CBN vice chairman Atty. Augusto “Jake” Almeda-Lopez appealed to Congress to recognize the value and the major contributions of ABS-CBN and ...

    %d bloggers like this: