How To Pass The CPA Exam In The First Attempt – 2020

Last Updated: 19th January, 2020

How To Pass The CPA Exam In The First Attempt - 2020

How To Pass US CPA Exam In The First Attempt – 2020

Everyone prefers to get difficult things accomplished on the first try, and the same attitude applies to the CPA exam. Studying for the exam is a huge commitment of time, and we’d all prefer to pass all four tests on the first attempt. It’s tough, but with proper planning and enough effort, you can do it. Use these tips to pass the CPA exam on your first try.

Create a plan and stick to the weekly time requirement

Now, it’s easy to say “make a plan to study for the CPA exam and stick to it”, which is a lot like saying: “train for six months and run a marathon.” Both goals involve hundreds of hours of time, and studying for the CPA exam will require over 400 hours of preparation. But if you’re going to study 20 hours a week for 20 weeks, make sure that you can reasonably fit that into your schedule. Also, I recommend that you spend a few more hours each week early in the process, which means that you won’t have to rush to catch up at the end. Avoid cramming at the end, because most people can’t retain information well if they’re rushing.

Take a CPA review course

I worked as an online tutor for CPA candidates, and nearly everyone needed a review course to get through the exam. Review courses, like the Becker CPA review, are constantly updated for changes in the exam’s content. I tried studying using only review books, and it just wasn’t effective for me. The review course also provides structure, so you’re more likely to keep your studying on track each week. A review course allows you to study using audio, videos, online live instruction, flashcards — whatever works for you.

Consider hiring a tutor — one hour at a time

If you’ve been using your review course and there are concepts you simply cannot figure out, find an online tutor. I would recommend asking friends who have taken the exam recently if they used a tutor, and I would check online reviews. A good tutor should be willing to meet with you for an hour at a time, so that you can go over the most challenging concepts. If a tutor asks you to commit to more than an hour, find someone else. A good tutor is able to generate repeat business.

Practice test scores

Before you take a certain test, make sure that your practice test scores are 5% higher than the percentage you need to pass. So, if passing the auditing and attestation (AUD) test requires a 75%, you should be getting an average of 80% on your practice test. My experience has been that CPA candidates with those levels of practice scores pass the tests they take.

Passing the CPA exam on your first try is an accomplishment that you can sell to a potential employer. It shows that you take your career seriously, and that you can commit to a difficult task. Use these tips to pass the CPA exam on your first try.

Find people in the accounting industry

Nothing is better than learning by using real world examples, and people who work in the accounting industry can provide lots of examples for you. As you study, keep notes on difficult subjects and run those concepts by someone you know. Say, for example, that you’re having trouble understanding inventory turnover ratios. A manager who works with inventory can give you some great examples that explain why inventory turnover is critical for managing cash needs.

How to Become CPA in Canada: The Beginner’s Guide

Is Canada CPA Similar to that in the US?

Similar to the states in the US, Canada has provinces, and each province has its own regional accounting body. Canada has taken a bold move by merging its accounting qualifications (CA, CMA and CGA) into one big “CPA “designation. The process has been completed with much success.

In order to get started, candidates should follow the rules applicable to their status.

1. New Candidates

Accounting Majors in Canada

This is the default route to become CPA in Canada. If qualified, you will be admitted to the CPA Professional Education Program (CPA PEP).

Here is the prerequisite for CPA PEP:

  • Complete a bachelor degree in relevant concentration, e.g. B.Comm with an accounting major
  • Complete the prerequisite learning defined in The CPA Competency Map
  • Complete at least 120 credit hours or equivalent of education

Shown on the right is an extract of the CPA Competency Map. You can get more info and download the full version here.

Others

Those who are not qualified for CPA PEP will get into the CPA Prerequisite Education Program (CPA PREP). This may include non-accounting majors and international candidates.

This is a bridging program developed on a nationally basis to help students make up for the missing accounting courses. The courses are offered part-time, through distance learning or in classroom setting.

2. Legacy and Transitioning Students / Candidates from CA, CGA and CMA

Legacy Students

If you have completed the respected course of your CA, CGA or CMA designation on or before September 2015, then you don’t need to do anything but to wait for the legislation to pass in your jurisdiction (Update: this should have been completed in all provinces).

Transitioning Students

If you are half way in the course, you will enter the appropriate point in either the CPA PEP or CPA PREP to complete the program.

You will also need to complete the experience requirements in your original designation in order to become a CPA in Canada. You can get more information from the links at the bottom of this page.

How to Register for CPA PEP

CPA PEP is a 2-year part-time program designed for accounting professionals who work full time. It consists of six modules:

2 core modules

  • 6 core technical competencies including financial reporting, strategy and governance, management accounting, audit and assurance, finance and taxation.

2 electives

  • Students can choose from assurance, performance management, tax and finance.
  • Those who pursue public accounting or tax must take assurance or tax respectively.

1 capstone integrative module

  • Focus on leadership and professional skills, integrating core competencies

1 capstone exam prep mode

  • Focus on the Common Final Examination

Each module ends in an examination. CPA candidates must pass each module examination to proceed to the next module. The Common Final Examination is a 3-day test to complete the whole process.

CPA PEP is developed on a national basis but the program is delivered on a provincial basis. You can register for the CPA PEP through your provincial or regional CPA body. There are also schools that run across the provinces.

Examination

You will have to sit for 6 exams (Core 1 and 2), 2 exams (Elective1 and 2) plus 2 learning modules (Capstone 1 and 2) and a final three days exams to complete the exam part of the program.

How to Register for CPA PREP

The CPA PREP consists of 14 modules. The sequence in which you take modules 1-10 is important as some modules are prerequisites for others. Modules 11 and 12 are self-study an can be taken at any time, subject to availability. You only have to complete the ones you require. Each module ends with an examination.

For information about the module fees and scheduling, please contact your provincial body.

Once you complete CPA PREP, you are qualified for CPA PEP.

Experience Requirements

Since September 2015, the provinces have standardized the requirements. There are two routes:

  1. Take pre-approved programs in training positions that are offered by your employers and have been pre-approved by the profession. These programs are designed for you to meet the practical experience requirements within 30 months.
  2. Complete experience verification. This flexible route allows you to demonstrate competence and have relevant experience recognized as it is gained at an employer of choice.

Students can choose one route or take a combination of the two.

Is the Reciprocal Agreement with CA, CMA and CGA Still Valid?

There isn’t a simple answer to that. I understand that the US state boards still allow legacy CA members to take IQEX and get a faster route to become a CPA in the US.

CMA Canada used to have numerous agreements with other management accounting bodies, and I am not sure how that turns out. You may want to check with your current provincial accounting body for details.

As the unification is completed, there may be a new round of negotiation with other accounting bodies around the world and new reciprocal agreements will be made then.

How about Review Courses?

I don’t cover them for now, but heard from friends that Prepformula, Densmore and Pass are the bigger providers.

Good luck to your path towards the Canadian CPA!

Accessing Brightspace (D2L) for CPA preparatory courses

CPA Salary

The average Cpa salary in Canada is $87,500 per year or $44.87 per hour. Entry level positions start at $41,538 per year while most experienced workers make up to $97,500 per year.

What is the difference between becoming a CPA in US versus CPA in Canada

In Canada, historically, the qualification process for legacy-CAs was fragmented – Ontario only required 1 year of work experience whereas Western Canada required 2 and generally performed stronger on the exam (hence why they stopped publishing pass rates in about 2008). CMAs had a big board presentation and written report and CGAs had a final exam.

Now all Canadian CPA students go through 4 modules – 2 core and 2 electives. Then you go through the 2 Capstone courses. Capstone 1 mirrors the old CMA process and Capstone 2 mirrors the old CA process. Capstone 2 ends with a 3 day 13 hour exam, the Common Final Exam (replaces the Uniform Evaluation or the UFE. No percentages to pass. Either you’re competent or you’re not.

Is US CPA recognized in Canada?

US CPA license is not popular in the Canadian job market since the CPA license is locally regulated. And US and Canada follow different accounting principles. … The good news is you can apply for a reciprocal exam to become a Canadian CPA provided you have a valid CPA license from most of the states, not all though.

Insights shared by a Candidate who passed 4/4 on First Attempt

After passing all four exams on first try, I’d like to share some insights that might be helpful to some of you. I worked full-time at Big 4 while studying (plus some studying before starting work) and used Becker.

PLANNING:

Many of you in school will try to take the exam before starting your full-time jobs. While studying and working can be challenging at times, it is not necessarily as brutal as some make it out to be, especially if you’re single/no kids. I am not a fan of study marathons. I’d rather work and then study in the evenings and on weekends, than study full-time. Don’t feel bad if you start work and haven’t taken/passed any exam. I was nervous hearing all CPA stories from my coworkers and having no experience myself, but hey, now I’ve passed all four sections in six months while working at Big 4. It has boosted my confidence and made a very good impression on the people I work with.

You have 18 months to pass all four sections. That is, the 18-month window does not open until you receive credit (ie pass) for a section. If you’re wondering which section to take first, take REG or FAR. These are the most difficult and time-consuming sections. If you fail your first attempt, at least you won’t be opening the 18-month window. Getting REG or FAR out of the way will also be good for your confidence.

If you’re wondering in what order to take the exams, do either FAR-AUD-BEC-REG or REG-FAR-AUD-BEC. AUD and BEC will both be easier once you’ve passed FAR.

Keep in mind that when you apply for your initial NTS, it will take around 3-5 weeks to receive it. Don’t count on NASBA being quick but don’t wait to get the NTS to start studying either. My NTS took 6 weeks because of an issue with my name. You second/third NTS will take a day or two.

Weekend spots at Prometric test centers fill quickly. Start checking for dates/spots about a month and half prior to your desired exam date. If nothing is available, check again. Some people cancel their appointments, so you may want to check a couple of times before scheduling to make sure you get the appointment that works best for you.

If you can, schedule the exam on a Monday or Tuesday. That gives you an entire weekend to study plus a good excuse to have a day off work! If possible, don’t waste your weekends at Prometric test centers. 🙂

I am not a fan of study marathons. Things may happen that might disrupt your ultimate study plans. If you think you can take AUD in 4 weeks, give yourself 5.

STUDYING:

The most important point I want to make here is: don’t take mock exams.

  • Mock exams are a good idea before your first exam, whichever section it is. It is helpful to a. see what the software looks like (Becker’s is pretty close to the real one) , b. block off 4 hours without distractions, and c. see how you do with the time.
  • Taking more than one or two mock exams is a waste of time, though. First, a mock exam takes four hours. Yes, you might argue it’s a good practice, but those are four hours you’re spending on getting tired and not studying. If you start your mock exam at 9am on Saturday, you will complete it at 1pm. Then you’ll take a break and then come back to review what you did wrong. So you’ll start fixing the error you made at 9:15am five hours later, at 2:15pm. Five hours later, you’re probably tired. And five hours later, you’re probably discouraged because you got 60 on your mock exam and need 75 to pass. Mock exams aren’t reflective of actual exam performance. The CPA exam is not graded the way these mock exams are graded. A score of 75 on the exam is not 75% correct answers. Don’t spend four hours on killing your confidence. Instead of mock exams, I focused on progress tests (see below) that gave me feedback sooner and I divided by section. A lot of people disagree with my criticism of mock exams, and yes, we do things differently. Now that I’m done, I’m confident mock exams are overrated but I am also saying that you shouldn’t let others guilt you about your approach, should you decide (not) to do something. (I took two mock exams total, only for my first test, FAR.)

2) So how did I study? It’s a little different for each section, but what’s common in my approach for all four sections is that I studied and reviewed, and 70% of my actual learning and understanding happened in the review phase. That’s when I connected the dots, after reading all (or almost all) chapters and going through the MCQs.

  • I watched the lecture and took notes in the textbook. Many would say the lectures are a waste of time, but the lecturers oftentimes add context that makes it easier to understand the topic. Also, the instructors point out the most heavily tested areas or those not tested much (for instance, if you’re reading the REG text about depreciation, you’ll probably read the entire table; if you listen to the lecture, Tim Gearty would tell you there are only two asset classes you need to know for the exam). After the lecture, I read the chapter. I don’t like going into MCQs without reading the text; it just feels more like guessing as opposed to, well, educated guessing. 🙂 It’s cool to be efficient, but you’re trying to pass an exam, so if it takes you 20-30 more hours than somebody else, that’s fine, it’s not a marathon.
  • On the MCQs, I marked the questions I did wrong and some questions I did right but thought were important for me to see again during my review. During my review, I did MCQs on those marked questions only.
  • I generally didn’t do SIMS until I got to review. However, for REG, which I found quite difficult, I needed more practice in the tax chapters, so I did the SIMS together with the MCQs, sometimes before the MCQs. The SIMS are more comprehensive, so sometimes they give you a bigger picture of the topic than the MCQs. It’s like the MCQs give you the dots, but the SIMS help you connect the dots. That’s mostly REG, in my experience.
  • After covering all chapters, or several chapters, I started reviewing. For AUD, I made a spreadsheet where I listed each lesson and the percentage of correct MCQs. I redid only the MCQs I had marked in my study phase, then in a separate column on the spreadsheet I put in the new, higher percentage of correct MCQs on second try. This gave me a visual of my weakest chapters. I tried to get to at least 80% on each, ideally 85% correct MCQs. Besides the visual, the spreadsheet gave me confidence that things were going in the right direction.
  • Simply doing MCQs and/or SIMS didn’t give me confidence that I knew what was going on. So I also read some chapters again (kinda for the third time) before going into the marked MCQs. That’s when those chapters started to make sense, and I started to see things I hadn’t noticed in my study phase.
  • Then I took progress tests by section/lesson. So for REG, that would be R1, R2 – I don’t remember how Becker calls those exactly. I took progress tests with 10 MCQs only, 15 at most but rarely. Why 10 MCQs? 10 MCQs take, say, 20 minutes. So in twenty minutes, I know what I’ve done wrong and I can start working on it. That, to me, is the key: don’t take too long to identify your errors. Then, I would write down my score on the first set of 10 MCQs. Then take a second and third set, writing down my score to track my progress while fixing mistakes and weak areas quickly. If I got over 80% on those 3 progress tests and/or was getting tired of R1, I started reviewing R2 using the same approach. Then, I would review R1 and R2 etc, again with only 10 MCQs.
  • I took notes while studying, but I take notes mostly to concentrate and not to go back to.
  • I usually listened to music while studying, so I got distracted a lot, but someone who gets distracted while studying learns more than someone who doesn’t study at all.
  • Some weeks, I had a long commute to the client, so I listened to lectures in the car. Because I couldn’t also take notes and am not as good at learning from listening, I would replay the lecture a couple of times. I can tell you that I studied the economics section of BEC (B5) only by listening to lectures on my commute. This only works for topics that are more theoretical, like business law, economics, IT, audit.
  • I get tired of sitting at a desk, especially after coming home from sitting at a desk for 10 hours. So in the evenings, I usually studied in bed – lectures, notes, and sometimes MCQs. That doesn’t quite work for FAR because I can’t do FAR problems in bed, but you get the point – find an alternative so that you keep studying.
  • Going to the gym is important. I should have done that more while studying. You can just listen to a lecture while on the treadmill – say 40 minutes, your body relaxes and you’re still studying, then go home, read the chapter and/or put the instructor’s notes in your textbook, do the MCQs.
  • Another thing I should have learned sooner is to admit to being tired and not torture myself. Say one Saturday, I wake up and start studying, then by 11am, I want to go out but I keep studying because I have to… I stop paying attention, take longer to do the MCQs, and learn less – only for the sake of having a clear conscience that I am studying. No, just go out, take a break, come back in an hour or two, and you would do better. No need to just sit at a desk to feel good about yourself.
  • I sacrificed some social life, but I also got to do some cool things like catching up with my closest friends, trips, and concerts while also studying. Such things are important for my well-being, and miserable people do worse at whatever they have to do. I had a fair share of tough moments while studying for the CPA exam, but looking back, I didn’t really sacrifice too much, and I managed to enjoy life while working and studying. I had to be disciplined, otherwise I risked becoming a miserable, stressed out, and rude person.
  • I prioritized the exam. Don’t be the guy whose first section expired because he made senior and couldn’t handle being a senior and studying. Do it sooner rather than later, and don’t say yes to everything at work at the expense of your exam. Your CPA is going to be with you all your career, granted you maintain the license.
  • Many say you stop learning new things the last days before the test, but trust me, I passed 2 of my exams with knowledge acquired the last few days before exam day.

EXAM DAY:

  • Dress in layers. On exam day, they’ll give you two laminated sheets to jot down notes. It’s easier to erase your notes with your shirt than with your fingers, so don’t wear a white shirt or something very nice. However, dress for success 🙂 I kinda liked to dress up for my exams so that I go in there with more confidence. Again, confidence is key. Go in there like you’ve made partner already. I bet you some of the partners out there barely passed their exams.
  • You cannot drink water during the exam except for the break. I am used to drinking water all the time, so it took some mental preparation for that part.
  • Eat a couple of hours before the test. I didn’t eat before my first test and two hours in, I was starving. Simple…
  • DO NOT LEAVE THE TEST ROOM even if you are absolutely sure you’re failing the test and all hope is lost. I spent most of my time taking REG wondering if I should just go home and not take entire four hours to fail the exam. I passed – barely, but I passed. Now I’m done with the exam writing this looong piece of advice and I cannot believe that a week and a half ago, I almost failed MY SELF by considering giving up.

SCORE RELEASE DAY:

  • If you’ve taken a section before and the score is still available on the NASBA website, go there to the eye button for that last section you have a score for, open the score report, and it should show you all sections you have records for: Credit for Passed, Attendance for No score available to NASBA yet, and No Credit for Failed.

Finally, I want to say that I am fortunate to have passed all four sections on first try. I did not have to deal with the frustration and disappointment of failing a section. To all of you who have failed and keep trying: I admire you for remaining optimistic and working hard towards passing the exam. There’s as much to learn from your experience, if not more!

How to Apply GCMS Notes – Step by Step Guide

Last Updated: 30th December, 2019

How to apply GCMS / ATIP notes.

TIPS AND TRICKS FOR CHECKING YOUR IRCC (CIC) APPLICATION STATUS

There are three different routes to check up on the status of your application with Immigration, Refugees and Citizenship Canada (IRCC, formerly CIC). The first option is to call IRCC at 1-888-242-2100. The second option is to use IRCC’s e-Client Application Status online tool at IRCC’s website. The other route is to file a request to see your GCMS notes directly to IRCC.

In this article we will be discussing about the GCMS notes and the process to apply.

Only a person who is in Canada can request the GCMS Application. Get your sponsor to request on PA’S behalf!

If principal applicant is in Canada, he/she can request for himself and apply for free under Privacy Act.

If sponsor is requesting it on behalf of Principal applicant, you need consent form from PA and $5 fee. You can receive consent form from spouse via email and upload it. Apply under Access to Information Act.

It takes about 30 days to receive by email. It is a ~30 pages document (can be more than 30 pages)

Consent form:
http://www.cic.gc.ca/english/department/atip/form-imm5744.asp

Section A – Principal Applicant details
Section B – Sponsor’s details
Section C – Sponsor’s details

GCMS Notes:
http://www.cic.gc.ca/english/department/atip/requests-atip.asp

In above link, click Apply online, choose English , hit Next and accept the terms & conditions.

Next enter the below details:

Requester Information
Department: Citizenship and Immigration Canada

Title: 
Family Name: 
Given Name(s) (First Name):
Mailing Address: 
Telephone No.: 
E-mail Address: 
Requesting information on your own behalf? Yes / No
Category of Requester: Member of the Public

Right of Access: Canadian citizen, a permanent resident of Canada or Individual/corporation currently present in Canada

Method of Delivery: E-mail

Act & Record Selection

Act: Privacy Act / Access to Information Act – select this for GCMS notes for PA residing outside of Canada.

Language of records: English
Type of Records: Case Files
Requesting information for:
Surname (Family Name): 
Given Name(s) (First Name): 
Date of Birth (YYYY-MM-DD):
Client ID Number (####-####): 
Type of Documents: Notes in Electronic File
File Type: Immigration file: permanent residence ( You can also request for Sponsorship File, if SA is delayed )
File Number:

Attach documents: Proof of access ( PR card, visa doc, or passport ), Consent Form.
Make payment ($5) and submit.

*NOTE* You do not have to be physically present in Canada to order your GCMS NOTES; However, you need to be either a Canadian Citizen or Permanent Resident in order to request notes on Applicant’s behalf!

Does ordering GCMS slow the processing of the file or affect adversely?

The answer is NO. Ordering GCMS is your right and its does not affect your file or your case at all. On the contrary, in some cases since the officer working on your file has to review your file before it is sent out, does update documents received from other agencies and helps your file move forward.

While the government only charges $5, why do other service providers charge more?

It can be justified that since they are providing a service, they are there to make a profit. However, there is an additional cost of maintaining the site, employees, compliance etc and ensuring that the information collected always remains safe and secure. This is why these sites charge more.

How to read GCMS notes?

While it is confusing to begin with, but if you pay enough time, it becomes easy as it is your information. Before you even start, it is important to understand how a case file is processed. I wrote a detailed post highlighting how an application is processed and what are the different stages of the application. The post is available here: https://millionairetrek.com/canada-immigration-express-entry-the-golden-mail-ppr-estimator/#Topic1.

Once you know the different stages and have a basic understanding of the application, it will become very easy for you to read your own notes. To summarize, this is how it proceeds:

a. Completeness Check
b. R10 Review
c. Eligibility
d. Security

VIEW THE CAIPS/GCMS Codes here -> LINK

What is the best time to order GCMS?

While there is a lot of difference of opinion in when to order, the simple answer is after R10.

R10 is a strict review where it is the responsibility of the applicant to make sure that his application is complete. If the application is incomplete, it is rejected and nothing much can be done, except re-filing it. Once your application crosses this stage, which is usually within the first month, that is the right time to order GCMS notes. 

How long do you have to wait until your R10 is checked for completeness?

You don’t get a notification or update when your R10 check finishes, so it’s hard to get an accurate estimate. The only changes you will see are when your medical exam passes and when they start/finish your background check.

GCMS Notes and Codes

The Coding Kit, is the official list of codes used by CIC in the processing of CAIPS/GCMS files. 

The notes entered in the CAIPS/GCMS system by an Immigration officer are in English (may be in French for Quebec immigrants), easy to understand and provide very useful information. However some of the codes used within the CAIPS/GCMS file may be difficult to interpret. 

The Coding Kit provides assistance in the interpretation of the file in these circumstances.

VIEW THE CAIPS/GCMS Codes here -> LINK

If you have any specific questions, please comment below and our team will revert at the earliest.

OINP Express Entry Priorities Stream – Comprehensive Guide 2020

Guest PostRami M.

Last Updated: 28th December, 2019

OINP Express Entry Priorities Stream -  Comprehensive Guide 2020

A lot of people have approached me and asked to explain to them on how to proceed after getting a PT letter (Letter of Interest) from Ontario. Though everything is there in the application guide, I would like to break it down and explain briefly about how to proceed and submit a COMPLETE application to Ontario after getting PT.

Note 1: Certain requirements have been left out in the guide below (Such as financial documents pertaining to applicants having bank accounts in Canada, documents to be submitted for applicants who have degrees from Canada and work experience in Canada, etc) but still, I have provided the detail on how to find this information in the application guide. Most of the details present here are for the applicants who are applying from outside Canada (without a Canadian Degree/Canadian bank account/job in Canada). Nonetheless, I believe that this guide is practically comprehensive and applicants applying from within Canada/outside Canada can equally benefit from it.

Note 2: If you have 400+ CRS and you haven’t received PT in a while, please re-create your profile.

Note 3: You need at least a “Bachelor’s degree” to be eligible to apply to OINP.

Note 4: You should have at least 1 year work experience in the past 5 years from the date you get PT notification.

The two most important things you need to proceed are the Application Guide and the OINP Updates page

Below is a very high level idea of how you could proceed.

——————————————————————————————————————–

Step 1: Study the application guide and the updates page carefully.

Step 2: Download the application form.

Step 3: Fill out the application form.

Step 4: Gather all the required documents.

Step 5: Compile all the documents section wise and create a neat application package.

Step 6: Send the complete application package to OINP.

Step 7: Wait for AOR.

Step 8: Expect a verification call/Additional document request.

Step 9: Wait for nomination.

Step 10: After you get the decision.

——————————————————————————————————————–

Step 1 – Study the application guide and the updates page carefully​.


The first and foremost step would be to study the application guide and the updates page. The application guide contains guidelines about the documents you need and details on how to fill your application form. In the updates page, OINP posts important updates to the program (Please check the January 11 update – We will discuss about this in the later sections).

Step 2 – Download the application form.

The link to download the application form is available in the application guide on page 16. Please download the application form from there.

Step 3 – Fill out the application form


Please fill the application form carefully. Please note that the application form can be filled both electronically OR manually. I suggest you to fill the form electronically – It would look neat! You are responsible for whatever is filled in the application form. Let me quickly run you through the process of filling the application form.

Application Details Section – In this section, you will be asked about the program you are applying to and about the economic class you are applying under.

I) “Select below the stream you are applying for” – Tick the box “Human Capital Priorities Stream”.

II) “Once you have registered for Express Entry you will be informed by the Express Entry System which federal program(s) you are eligible for. Ontario will only accept candidates who are eligible for the Federal Skilled Worker Program or the Canadian Experience Class. Which of the two are you eligible for?” – Tick the appropriate stream you are eligible under.

III) “You must choose one of the federal programs you are eligible for to be assessed against. Which program would you like to be assessed against?” – If you are eligible for FSW only, check FSW. If you are eligible for both, then tick which program you wish to be assessed against and if you are eligible for CEC only, then tick CEC.

TIP: If you are eligible under CEC, then I suggest you to go with it because people applying under CEC have very quick processing times (relative to the processing times of FSW applicants).

A) Personal Information Section –

I) Fill in your last name, your first name and your middle name. If you do not have a middle name, write N/A.

Ia) List any other names that you might use/might have used. If none, then write N/A.

II) Mention your Date of Birth, your gender and the place of birth (according to your passport), Country of Birth, country of Citizenship and Country of residence (If all the three are the same (say for instance, India), then write India on all the three text boxes) and your Marital Status (If you are married, you CANNOT apply as a single applicant –You must say married even though your spouse may be non-accompanying).

3. Details on your previous applications/visits to Canada –

I) “For applicants currently in Canada (a copy of your Work Permit, Study Permit, Temporary Resident Visa, and/or any other Canadian immigration document or entry stamp must be provided with your application package)” – If applicable, then tick the appropriate document and provide the UCI number in the box below. If this is not applicable to you, write N/A.

II) “Have you, your spouse or common-law partner, or any of your dependent children, already submitted or been included in an Application for Permanent Residence to Citizenship and Immigration Canada (CIC)?”

and

III) “Have you, your spouse or common-law partner, or any of your dependent children, already submitted or been included in an Application under a Provincial Nominee Program to another province or territory? “

– Answer accordingly. If yes, then provide the requested details below. If no, then tick no and write N/A in the fields below.

Tip: Please note that some fields are numeric only and you cannot print N/A. Leave these fields empty, print the form and then write N/A. If you fail to write N/A in any of the fields and leave it blank, your application might be returned.

4. Passport Details –

Enter your passport number, Name as on passport and the expiry date

5. Address Details –

Enter your permanent address and (if different from permanent address), your mailing address. If your permanent address and the mailing address are the same, then check the box to the left of “Check if same as above”. If it is different, then provide a mailing address.

Tip: Please note that some parts of the address like “Direction”, No. Suffix etc might not be applicable to applicants from all countries. If your address doesn’t have those fields, write N/A there. If you are not able to write N/A, leave it blank and after you print the form, write N/A with a pen.

5a. Preferred Language –

Tick your preferred language

6. Preferred Language –

“Please list any visits you have made to Canada in the last ten years (use attachment if additional space required).”

If applicable, fill in the details. Otherwise, write N/A. If you have multiple visits, then click on the “Add visit” button to add multiple visits.

7. Native Language –

Please fill in your “Native Language” (usually your mother tongue).

“What other languages do you speak fluently (if any)?”

Mention any other languages you might speak fluently.

B) Assistance with application – 

1. Did you have help preparing your Ontario Immigrant Nominee Program application? – Tick “Yes” or “No” accordingly and mention the relationship.

2. If yes, did you pay this person to help prepare your Ontario Immigrant Nominee Program application form? – Tick accordingly. If you say “Yes”, you need to provide an additional form. This is the verbiage on the site – “Attach an Ontario Immigrant Nominee Program Authorizing or Cancelling a Representative form if you would like to authorize this individual to communicate on your behalf regarding the application”.

Tip: Unless you got help from a ICCRC certified agent, you can generally say “No”. Only ICCRC certified members are eligible to take payment for assisting you with a PNP/PR application.

C) Learning about the Ontario Immigrant Nominee Program- 

1. How did you learn about the Ontario Immigrant Nominee Program? (check only one box) – Indicate how you came to know about the program.

D) Occupation and Education (Principal Applicant Only) –

1. Current Occupation – Mention your current occupation. You can mention your job title (and NOC, if you want to.).

2. In what occupation do you intend to work in Ontario – Mention an occupation that falls under or is similar to your primary NOC.

3. Personal and Work History (Principal Applicant Only) –As indicated, provide the details of personal (includes all periods of education, unemployment, traveling, being a homemaker etc,.) and your employment details. If you are less than 28 years old, provide details since your 18th birthday. If you are 28 or older, then provide the details for the last 10 years.

Tip: Please do NOT leave ANY gaps in time – not even one day.

4. Were you self-employed during any of the above listed periods? (Principal Applicant Only) – Tick accordingly.

5. Highest Level of Education (Principal Applicant Only) – Indicate your highest level of education. If you are claiming points for 2 or more degrees, then tick “Other” and mention both the Canadian Equivalencies as available in your ECA report.

Tip: Please note that you need at least a Canadian Bachelors degree (or an ECA that says “Bachelor’s degree) to be eligible for EE. If you have a PT and you don’t have Bachelors degree – you are NOT eligible to apply.

6. Education History (Principal Applicant Only) – Mention your Education history below.

7. If you intend to work in an occupation that requires licensing in Ontario, do you have a certificate of qualification issued by a provincial or territorial body? (attach supporting certificate) – Indicate if you have a license (if your NOC is regulated). If your NOC is not regulated, choose “Not Applicable”.

Tip: Don’t worry – This has nothing to do with your application. Even if your NOC is regulated and you say NO to license, you are perfectly fine.

8. Language Proficiency (Principal Applicant Only) –Tick which language tests are applicable to you. 

8a and 8b. Mention your test scores. There is confusion here – If the actual scores have to be submitted or the CLB equivalent. IMO, it doesn’t matter – Either is fine (because you will be submitting your IELTS TRF and they will be able to verify it there).

E) Occupation and Education Obtained in CANADA (For spouse or common-law partner, if applicable) – 

1. If your spouse has any Canadian work experience and or education, please mention it here. Otherwise, write N/A.

2. Language Proficiency by spouse or common-law partner only, if applicable. – If your spouse has language test results, you can mention them here.

F) Intention to Reside in ON – 

1. If you become a permanent resident, do you intend to reside in Ontario? – Goes without a saying, you need to tick “YES” to this question.

2. Please list all of the ties that you have established in Ontario. Please refer to the Application Guide for more details. Use a separate sheet if necessary. – Mention your ties (if any). Ties may include any friends/relatives in Ontario, past study in Ontario, past work experience in Ontario etc. If you have no ties, mention something like “No ties – Please find the attached intent letter” or something on those lines.

3. Do you have a job offer or employment in Ontario? – Indicate accordingly.

Tip: This job offer may or may not be LMIA based.

4. Do you or, if applicable, your accompanying spouse or common-law partner, have a relative living in Canada who is 18 years of age or older and is a citizen or a permanent resident of Canada? – Indicate accordingly. If you tick “Yes”, then answer the below questions too –

“If yes, please indicate who this relative is related to” and “Type of relationship to you or your spouse/common-law partner”.

G) Settlement Funds – 

1. Total funds available for settlement in Ontario in Canadian dollars – Enter the amount of unencumbered funds that you have (and that you can use for supporting yourself in Ontario.

2. Total number of family members (including yourself) – Indicate accordingly. For the purpose of immigration, your dependents include your spouse and your children (whether accompanying or not).

Tip: If you have an ongoing job in Ontario or you have a valid job offer in Ontario then you are exempt from showing proof of funds.

G) Family Information – 

1. Do you have dependent family members accompanying you to Canada? – Indicate accordingly. If you tick “Yes”, please fill in the below form. Please do not include family members who are Canadian Citizens or Permanent Residents of Canada.

If this section is not applicable to you, please write “N/A”.

F) Fees-

Please indicate the mode of payment.

The fee amount is 1500 Canadian Dollars. The most common mode of payment is the bank draft (also known as Demand Draft {DD} ). If any other mode suits you better, feel free to use that.

Tip 1: If you are unable to get a draft in your country (a few applicants have come to me with this query), you can ask your friends in other countries to get the draft made. Get it from them and then send it along with the application form.

Tip 2: The DD can be issued payable to “Ontario Minister of Finance” OR “Minister of Finance, Ontario”. Both are acceptable.

Tip 3: The amount should be in Canadian Dollars.

J) Application Checklist- 

I) FORMS-

1. Ontario Immigrant Nominee Program Nominee Application for Ontario Express Entry Streams form (this form) – Tick this – Mandatory.

2. Authorizing or Cancelling a Representative form (if applicable) – If you are applying by yourself, ignore this. Do NOT tick.

II) Work Experience– 

1. Copies of letters of reference from all your employers for the past 10 years or since you were 18 years old, whichever period is shorter Note: Originals may be requested later in the process by the program. – Tick this field – Mandatory.

Tip: The letters:

Must:
• be written on company letterhead,
• be signed by the responsible officer/supervisor,
• show the company’s full address, telephone and fax numbers, e-mail and website addresses, and
• be stamped with the company’s official seal (if applicable).

Must include all of the following information:
• the specific period of your employment with the company (years and months),
• the positions you have held during the period of employment and the time spent in each position,
• your main responsibilities and duties in each position,
• your total annual salary plus benefits,
• the number of hours worked per week, and
• any extended periods of leave (i.e. more than one month).

You can also include supporting documents such as work contracts/pay slips.

I have explained a little more about the reference letters in Step 4.

2. If you or your accompanying spouse have engaged in full-time work in Canada, with appropriate authorization, please provide: – If your spouse has any Canadian work experience, then tick the check boxes below (select the documents that you have provided as proof).

• Copy of work/employment contracts
• Letter(s) of reference (as per requirements stated above) from your past Canadian employer(s)
• A copy of any T4s if available
• A copy of the employment authorization (e.g. work permit)
• A copy of any Notices of Assessment issued by Canada Revenue Agency (CRA) if available
• Pay statements and any relevant documentation that can support your Canadian work experience

3. The following documents are required if you have been self-employed and choose to be assessed against the Federal Skilled Worker Program: For all periods during which you have been self-employed in the past 10 years, or since you were 18 years old, (whichever period is shorter), provide copies of:

• Business/company registration documents
• Proof of business conducted with clients (invoices, bills, client references)
• Balance sheets
• Income tax returns and T4A statements (if self-employed in Canada)
• Proof of your license to practice (if you are a private practitioner) in a regulated field

Note: Self-employed individuals must provide documentation from clients indicating the service provided along with payment details. Self declared main duties or affidavits are not acceptable evidence of work experience.

III) Education/Training/Qualifications-

• Certified true copies of applicant’s university degree(s), college diploma(s) and/or occupational certificates – While this says “Certified true copies”, applicants have got nomination while they submitted only a photocopy of their degree certificate ALONG with their ECA report. If you see the need the need to notarize the degree certificate, feel free. (More in Step 4)

• Original transcripts in a sealed envelope from educational institution (Canadian programs/degrees only) –Applicable only if your spouse has Canadian Work experience. However, some of my peers suggest that a copy of the degree certificate of the spouse along with an ECA be submitted IF you are claiming any CRS points for your spouse education.

• Educational Credential Assessment (ECA) Report  You must submit a photocopy of the HARD COPY of the ECA report you received by snail-mail (not the online PDF version). In addition to this, you will have to authorize your ECA issuing organization to share a copy of the report with OINP. (Details in Step 4)

As you might already know, the ECA report is valid for 5 years only (from the date of evaluation).

If any of the following apply to you, tick them and provide documentation accordingly –

• Proof of previous study in Canada (if applicable): copies of study permits issued to you and any certificates/diplomas or degrees awarded
• Proof of previous study in Canada (if applicable): copies of study permits issued to your accompanying spouse or common-law and any certificates/diplomas or degrees awarded.
• Evidence of good academic standing and length of program(s) completed (spouse or common-law partner only)

IV) Language Proficiency- 

• IELTS (General Training test only) or CELPIP (General test only)
• TEF: Scores in four competencies (compréhension écrite, compréhension orale, expression écrite, expression orale)

Provide a photocopy of the TRF (s).

V) Settlement Funds- 

Provide proof of unencumbered and readily transferable funds in a convertible currency available for settlement in Ontario:

• Current bank certification letter; or
• Evidence of savings balance; or
• Fixed or time deposit statements.

Details in Step 4.

VI) Additional Supporting Documents- 

• Copy of applicant’s resume (MANDATORY)
• Copy of applicant’s entire passport including all blank pages, Temporary Resident Visas, entry stamps, and/or any other immigration stamps, and copies of Work Permits, Study Permits, and/or any other Canadian immigration documents *
• Copy of each dependant’s passport page which shows his/her photo and personal information
• Copy of applicant’s birth certificate *
• Positive Labour Market Impact Assessment (LMIA)/Labour Market Opinion (LMO) (if applicable)

Resume and passport copies are mandatory. More about this in Step 4.

1. Proof of employment in Ontario (if applicable)

If you have claimed that you have have a job offer/you are currently working in Ontario, you must submit the letter in the following format.

You must submit a letter from your employer/prospective employer. The letter from your employer/prospective employer must:
• be written on company letterhead,
• be signed by the responsible officer/supervisor,
• show the company’s full address, telephone and fax numbers, e-mail and website addresses,
• be stamped with the company’s official seal (if applicable).
Letters must include all of the following information:
• expected start date of employment,
• indication of duration of the employment,
• title of the position you will hold during employment and the National Occupation Classification (NOC) code (if known),
• total annual salary plus benefits,
• number of hours to be worked per week.

2. Proof of any ties established in Ontario

Please do not tick this until and unless you have mentioned any ties and you have supporting documents for them. More about ties in Step 4.

3. Photos of yourself as per specification provided (Principal Applicant Only) –Tick this – Mandatory

Specifications are available in the application guide.

K) Applicant’s Statements and Authorization- 

“Read the statements and tick the box “I have read, understand, and agree with all of the above authorizations and certifications, having asked for and obtained an explanation satisfactory to me of every point which was unclear to me.” – This is a mandatory field.

Sign the declaration below with your name, signature and date.
[/b]

L) Accompanying Spouse or Common-law partner’s and Accompanying Dependents’ (aged 16 or over) Statements and Authorizations- 

Your dependents (spouse, children over 16 should) enter their name and date and sign here. If your children are below 16 years old, you can sign on their behalf (as parent/guardian).

Step 4 – Gather all the required documents
Now, let me tell you what documents you need to gather for your application package.

Tip : If ANY of your documents are NOT in English or French, then you MUST get it translated AND get the translated copy notarized. You MUST submit both the original AND translated versions of the document.

The following documents are required for the PA (and where applicable, for spouse)

1. The application form : – As already mentioned above, the application form must be COMPLETE. If any section is not applicable to you, please mark “N/A” there – DO NOT LEAVE IT EMPTY. Also, please DO NOT forget to SIGN THE APPLICATION FORM. The PA should sign Section K and your dependents must sign Section L. If you do not sign your application form or if you fail to write “N/A” and leave fields empty, YOUR APPLICATION PACKAGE WILL BE DEEMED INCOMPLETE AND RETURNED TO YOU THROUGH COURIER. You will have to correct the mistakes/attach missed documents and send the application package again.

2. Education-related documents :

• Photocopy of the hard copy of the ECA report (for PA) – Please place a photocopy of the HARD COPY of the ECA report (That you received by snail mail and not the online PDF version).

Some people suggest that if you are claiming CRS points for spouse education, it is better to send a photocopy of the ECA of the spouse too.

• Photocopy of your degree certificate and transcripts (for PA) – A regular photocopy of your degree certificate and transcripts.

• Proof of having ordered a copy of your ECA to be directly sent to OINP (for PA). – As per the JAN 11 update, order for a copy of your ECA to be directly sent to OINP. Order the copy and place the receipt as proof of having ordered a copy.

Process of ordering the copy and the processing time might vary from one ECA issuing organization to another. So, please check out the Jan 11 update on the OINP Updates page.

• Photocopy of your IELTS TRF (for PA/Spouse) – A photocopy of your IELTS Test Report Form.

•Certified true copies of transcripts (If your degree/diploma or that of your spouse’s is a Canadian Degree/Diploma) – If your/your spouse’s degree/diploma was gained in Canada, then, you MUST submit CERTIFIED TRUE COPIES of your transcripts.

Note : If your/spouse’s education is from a Canadian institution, please refer the application guide for more details (page 10).

3. Civil Status Documents :

• Photocopy of Birth Certificate – Provide a photocopy of the PA’s BC. If the PA doesn’t have a BC, then write a LOE stating that you do NOT have a BC and get it notarized. Also, submit any other document that shows your DOB (like 10th/12th certificate, degree certificates or other documents (notarized copies suggested).

• Photocopies of Passport (PA) – The PA has to submit clear, legible photocopies of ALL the pages of passports (whether or not it contains any stamps or markings).

Note : It is recommended that the PA’s passport be valid for 2 more years from the date of PT. If the PP is expiring in less than 2 years, apply for a new Passport and attach a receipt and write a LOE that says you have applied for a new PP and attach the receipt. You can update OINP through email after you have received your new PP.

If the passport has been valid for less than 2 years (That is, if you got a PP/renewed your PP in the past 2 years, you MUST submit copies of ALL the pages of previous passport as well.

• Photocopies of Passport (Dependents) – The dependents (includes spouse and children) need to submit ONLY the BIOGRAPHIC pages of the passport (that is, the page that contains the personal information like name, PP number, address etc. This document is required for spouse AND all dependent children.

Marriage certificate – Though not mentioned in the application guide, it is highly recommended that you send a copy of your marriage certificate.
(Thanks to CanadaWeCome for pointing this out).

4. Proof of funds :

This documentation might differ from one person to another. Savings account balance and FDs are the most commonly used means to show POF so I will discuss this below.

• Showcasing Savings account balance – If you are showing your savings account balance as proof of funds, you need to submit the following –

a) Bank letter – Should be on the letterhead of the bank. It should contain the following information – Name, Account Number, Date when the account was opened and funds available.

Note : The letter does not necessarily need to mention the Canadian Equivalent of your funds. It is sufficient if the letter mentions in your local currency alone. Also, not all banks mention the 6 month average balance on the letter so it is okat if your letter does not contain this information as well.

b) Six months bank statements – Get 6 months statements stamped by the bank.

Note 1: If you have large deposits in your account within the past 6 months, you might have to explain the source of funds. If you have any such deposit, you can prepare a “gift deed”. You can find the procedure/formats online. Along with this, you need to submit proof of debit from the account of the person who gave you the gift AND the proof of credit into your account. Write a letter detailing the transaction. OINP/CIC does not generally request the source of funds for the person who gave you the gift.

Note 2: If you acquired funds by selling some of your assets (like car/property/jewels) – then you might NOT need a gift deed. You can attach a LOE stating how you got those funds and you can attach proof of sale.

• Showcasing Fixed Deposits – If you are showing your Fixed Deposits, then you need to submit the following –

a) Bank Letter – Should be on the letterhead of the bank. It should contain the following information – Name, FD(s) number, Date of deposit and funds.

Note 1 and 2 that is given above applies to funds in FD too.

b) FD receipt/advise – Get FD receipt(s) stamped from the bank that shows proof of deposit.

4. Proof of Employment:

Employer reference letter –

One of the most important documents in your application package is your employer reference letter. Your employer letter should be in the following format –

Letters must:
• be written on company letterhead,
• be signed by the responsible officer/supervisor,
• show the company’s full address, telephone and fax numbers, e-mail and website addresses, and
• be stamped with the company’s official seal (if applicable).

Letters must include all of the following information:

• the specific period of your employment with the company (years and months),
• the positions you have held during the period of employment and the time spent in each position,
• your main responsibilities and duties in each position,
• your total annual salary plus benefits,
• the number of hours worked per week, and
• any extended periods of leave (i.e. more than one month).

A sample format of the letter is provided below –

To Whomsoever It May Concern​
Date: Month Day, YYYY​

Sub: Reference letter for Mr. XXXX

Dear Sir/Madam,

This is to certify that Mr.XXXX has been working for XXX company since XX. The details of his/her employment are as follows :

Current Designation: XXXX

Tenure of Employment: DD, MM, YYYY to Ongoing/DD, MM YYYY

Annual pay package: Currency XXXX

Number of hours worked per week: XX hours

Nature of work: Full time

Mr. XX performs the following duties in the role of a “XX”.

XX
XX
XX
XX

Feel free to contact me if you need any further information. My details are as follows.

Name: XX
Designation: XX
E-mail: XX
Contact Number: XX

Signature:Click to expand…Many companies do NOT provide you a letter in such a format on the letter head of the company. In that case, get such a letter from your Manager/senior colleague. Get it duly signed from them and attach their business card/company ID card as proof. GET THIS LETTER NOTARIZED.

Supporting documents – It is recommended to support additional documents to prove your work experience like your payslips (past 6 months), offer letter, appointment letters, promotion letters, pay scale hike letters etc,.

Resume – You MUST submit a resume as a part of your application package. No specific format exists, per say – Use a standard North American format.

Note 1: For people who have Canadian experience, please refer the application guide (page 9).
Note 2: To prove any periods of self employment, you would need the following documentation –

• Business/company registration documents
• Proof of business conducted with clients (invoices, bills, client references)
• Balance sheets
• Income tax returns and T4A statements (if self-employed in Canada)
• Proof of your license to practice (if you are a private practitioner) in a regulated field.

4. Letter of Intent/Reasons to settle in Ontario:

The purpose of this letter is to convince the officer that if, you are provided with a nomination, you will stay in Ontario and make it your permanent home. You should consider doing some research on various fronts and write a letter. You can mention about your employment opportunities in Ontario, your future higher education plans, your kid’s education etc,. Further, you can outline your plans in Ontario – do some research on transportation, accommodation, finance and healthcare and write about it. Try to write at least one page – Anything below that is too less IMO.

Be honest, polite but convey your reasons and intent in a firm manner.

Ties in Ontario – If you have any ties in Ontario, please provide proof like your friend/relative’s PR card/Lease agreement/Passports(if citizen)/Driver’s License etc,.

If you have a sibling in Ontario, then you can provide Birth Certificates to show common parents along with the documents mentioned above.

5. Photos – Photos (specifications in application guide) are required for the PA. As I write, this is the verbiage on the application guide (Page 14).

Dimensions: final frame size of the photo must be at least 35mm by 45mm (1 3/8” x 1 3/4”), showing full front view of the head, with the face in the middle of the photograph and including the top of the shoulders. 

• Head, from chin to crown, must be between 31mm and 36mm (1 1/4” or 17/16”). 
• The background of the photo must be white.
• Your name and date of birth must be written on the back of each photo.
• The photos must be placed in a small envelope and attached to the first page of the application to enclose with your application package submission.\That is the end of this section. These are the documents that you’ll be submitting as part of your application package.

REMEMBER –

• To write “N/A” in the application form for fields/sections that are NOT applicable to you. Do not give OINP a chance to return your application because of this ridiculously silly mistake.

• To write the Job Seeker Validation Code – This is available in the PDF in the very first message you receive after you create your EE profile.

• To get your documents translated and notarized if they are not in English or French, Submit both the original and the translated version.

• To submit business card/company ID card of the person signing the letter and get it notarized if it is NOT on the company letter head.

Step 5 – Compile all the documents section wise and create a neat application package.
Now that you have all the documents, you need to compile the documents and create an “application package”. This is where your presentation skills should kick in. Whatever you do, make it look neat!

Tips –

• Write and submit a cover letter that contains an index – This makes the job easier for the assessing officer.

• DO NOT STAPLE. Use paper clips to hold documents together. I used 3 paperclips (One on the top left corner, one in the middle and one on the bottom) to bind different sections of documents together (for instance, all academic documents were compiled and held together by three paper clips). Some people suggest using binder clips but I don’t recommend it because it adds weight.

• Use a cover page for every section. For instance, keep a page that says “Work Experience Documents” as the first page of the work experience documents pile. Would looks organized.

• Use your creativity – Make it look as neat and organized as possible.

• Place your photos and the DD/Cheque inside a small envelope and place it use a paper clip to pin to the first page of your application package.

• If you have any good tips, leave them in the comments.

When you are done compiling, place all the documents in a clean, transparent folder before placing it in the envelope.

Make the contents on the envelope look neat too. You will send the package to the address below –

Ontario
Immigrant Nominee Program
Ministry of Citizenship, Immigration and International Trade
400 University Avenue, Ground Floor
Toronto, Ontario
M7A 2R9
Mention your name, your EE profile number, the program name (“Human Capital Priorities Stream” in this case) and your mobile number. Mention your complete return address too.

Step 6 – Send the complete application package to OINP.
So, you have a complete application package now and you are all set to send it to OINP. Use a reliable courier service to send your documents. I approached BlueDart and looks like they had some kind of tie-up with DHL. My package was delivered on the third day after I made the payment (around INR 3300).

Please make sure you send your documents on time (send your application at least 15 days before your PT expires).

Note : If the 45th day falls on a weekend or on a holiday, OINP will still accept your application if is is delivered on the very next working day.

Step 7 – Wait for AOR
The hard part begins – WAITING! Generally, an FSW applicant can expect an AOR within 6 – 8 weeks after OINP received your application (4 – 6 weeks for CEC applicants) but there might be some exceptions. As I write, I’m on my 90th day after sending my application and haven’t received an AOR yet. 

:(

 . Hope I receive it soon!

While you wait, you could post your experiences/help other people who are new to the process – Good way to keep yourself distracted from the agony of the wait.

If your application is deemed incomplete (which won’t happen if you follow the guide properly 

;)

 ), the entire application package will be returned to you via courier. OINP will give you another chance to submit a complete application package. You will find a sheet inside that shows what documents were missing/what information was incomplete. The clock is reset. You will have to wait another 6 – 8 weeks (FSW) or 4-6 weeks (CEC) to get an AOR. So be careful and submit complete documents. Do not miss anything.

Step 8 – Expect a verification call/Additional document request.
You should expect an additional document request and/or verification call from OINP. Your employer/person who gave you the reference letter might also get a call. Alert them.

OINP usually asks for the following documents –

• 6 months payslips
• Updated bank statements
• Employment documents (Offer letter or other work contract documents)
• Proof of job search in Ontario (Common for CEC applicants/rare for FSW counterparts)
• Proof of intent to reside in Ontario (For CEC applicants)
• Source of funds (VERY rare – Expect this if your funds are not more than at least 3 months old)

In the verification call, the officer discusses about the details on your application form. Please be advised that you mighr be asked to explain your roles and responsibilities.

For people who have not submitted the receipt of ECA to be sent directly sent to OINP, you will get this request via email.

So, please create accounts on job portals and try applying for some jobs in Ontario.

Step 9 – Wait for nomination
You are approaching the end of the process – Nomination. All the above content/advise/comments/suggestions/tips/notes is for this one thing – Nomination from OINP. You have some waiting to do here too – Nominations are usually quick for CEC applicants. For FSW applicants, it is usually 1.5 – 2 months after AOR. There might be delays, of course!

Once OINP approves your application, you will receive a message in your myCIC account. Open it and voila! – You will see an option to “Accept”” the nomination (Please do not press decline in excitement – Thank me later!). Once you accept this nomination, your CRS will grow by 600 points and will guarantee you an ITA in the next draw.

God forbid, if OINP intends to decline your application, you will receive a “Procedural Fairness Letter”. You can challenge this decision by giving them additional proof. Please note that this takes quite some time to get processes. Your request to re-consider will be taken up by an officer who is a senior to the officer who processed your application and was not involved in the previous decision. This officer will take a fresh look at the application and if he is satisfied, he might approve your application and provide you with a nomination. Else, I’d rather not say.

I know this is a LONG guide but I had to explain every nuance to make things clear! Hope you enjoyed reading it and I believe it will benefit people who are applying to OINP. Please let me know your comments – Constructive criticism is welcome!

Good luck and all the very best to all the applicants!

100% Guaranteed – How to Get a Job in Canada from India

(Guest Post): CV 

Last Updated: 2nd January, 2020

How to Get a Job in Canada – Tips in 2020

how_to_get_a_job_in_Canada_from_india

There are three ways to secure a Job in Canada from India. Two of them work easily.

OPTION 1:

The luckiest and riskiest way – Your company in India transfers you on a special project.

At the company I currently work at, our IT division is outsourced to HCL. Project Managers and IT engineers from Bangalore and Noida are currently based out of our Brampton office. They were hired as “temporary foreign workers” from Canada’s International Mobility Program for a couple of years. After 1-2 years of experience, they may be eligible for permanent residency from one of the following programs:

Canadian Experience Class (CEC) program – “I have 1 year of full time work experience in Canada, in a job that is classified in the Canadian National Occupation Classification (NOC).”

Provincial Nominee Program (PNP) – “I have 2 years of full time work experience in Canada, in a job that is NOC classified, and the company loves me so much that they are willing to nominate me to apply for permanent residency.

The reason this is a risky choice is because you are not in control. Ultimately, you’re relying on the good will of your company and its success to dictate if you stay in Canada or pack up back to India.

There are many major Indian companies that have presence in Canada – HCL, Tata Consultancy Services, ICICI Bank and other companies that have a large presence in India such as Sun Life and Accenture.

With Justin Trudeau and Narendra Modi aimed at getting “warmth” between the two countries according to HindustanTimes, we hope to see more Indian businesses flourishing in Canada in the future. Brampton, the city our very own Russel Peters grew up in, currently has a large Indian immigrant base, and its economy is on the rise.

What this means for you? If you currently work for a company in India that has presence in Canada, start speaking to your management or your counterparts in the Canadian branch to let them know you’re interested. I recently spoke to a family friend of mine, Matthew. He works at JP Morgan. He told me he let his company know a year in advance he was moving to Canada, and when the opportunity came up, JP Morgan Canada welcomed him. Take this approach only if you are sure that this announcement will not hurt you in any way in your current job – not all bosses are supportive!

OPTION 2:

The reliable way – Apply for permanent residency and network network network!

When you’re a permanent resident (PR) in Canada you don’t have to worry about the deadline of a work permit expiry date. The less stress during a job search, the better.

If you apply for a permanent residency using the methods that other people have mentioned, you can do a “short landing.”

To be eligible for Canadian citizenship, you have to live in Canada as a PR for 4 out of 6 years. (Bill C-6 received Royal Assent on Jun 19 2017, which will change that to 3 out of 5 years. Yay!)

What is a short landing? People who have permanent residency approved will land in Canada for the first time, get their landing papers stamped which will officially make them a permanent resident, and immediately go back to India for up to another 2 years. Then they come back to Canada and don’t move for the next 4 years, so they can be eligible for citizenship.

If you choose to do this, don’t let those 2 years go to waste. Network with Canadians and build relationships as early as possible.

Use those two years you have left to find the right Canadians in your professional industry and start networking with them.

If you short land you have up to two years, use them wisely. Save money and network!

OPTION 3:

The useless, time wasting way – Apply for jobs online at Monster, Workopolis, Indeed, LinkedIn etc.

Imagine you are a HR hiring manager working for Tata Consultancy Services in Delhi. You have a job available and you receive 20 resumes. 19 are from HR professionals with great experience and fit the requirements, and they all live in Delhi. One is from a HR professional with great experience and fits the requirements, and she lives in Canada. Would you hire the Canadian?

Please don’t waste your time applying for jobs on the online boards. Your resume is either not being looked at all, or is being tossed aside. Unless your skills on paper are so rare and exceptional and no one else living in Canada applying for the same job has it, you have no chance of securing a job in Canada this way.

When I was job interviewing, one question that was always asked at the interview “Are you legally allowed to work in Canada?” The answer is “Yes” only if:

  1. You are a citizen
  2. You are a permanent resident
  3. You have an open work permit

If you are living in India, you are neither of these things. You are legally not allowed to work in Canada!

There is only one use for the job boards online. You can review the job descriptions of what is being asked in your line of work, and notice if there are any gaps that you can fill from now till you land. If you’re planning to get into project management for example, and you’re seeing “PMP is an asset”, get it done now while you have the comfort and support of your home base.

Another use for the online job descriptions is if you’re in a regulated field. If you’re in the engineering, medical, teaching, accounting, HR field and some others, prepare to go back to school. Colleges and universities generally host these programs. Whether you can do them online while you are in India, I do not know. You will have to contact the respective training institute to find out.

So instead of wasting time apply for jobs online, use that time to do something more productive.

My personal advice, (this won’t be easy to hear), change careers and start working in a fast track high demand occupation. Assuming you meet all the other criteria, you need 1 year of experience in this occupation to be eligible for PR.

This of course is no easy task, because it means quitting your current job and doing something that may be different field altogether.

However, there are 357 fields listed. You must have some transferable skills that will allow you to move jobs into one of these categories.

I have ready that in a life time of a 40 year career, people will change fields at least 4 times. This is a good opportunity to make that happen.

It all depends on how badly you want to migrate to Canada and take the risk to make this sacrifice in India.

So what’s the best choice?

Most people should fall in the Option 2 category but they make the mistake of relying on Option 3. The reason I stress on networking is because in Canada, it’s not about what you know, it’s about who you know. There are 300K immigrants per year + 1 million college students + 6.5% unemployment rate in Canada – lots of competition! The job is awarded to the person the hiring manager trusts, and trust is most likely given to the person they know first hand.

Networking is not just a one time activity, it’s a way of life. Regardless of which choice you pick, get into this habit while in India, while you still have time before the big move, so you can leverage this network after you land.

When I moved to Canada, I got three job offers in two weeks using a targeted job search strategy that I researched for a year before landing in Canada.

Good Luck to you! I hope you secure your new Canadian job as quickly as I did, and then you can bring your parents or grand parents over on the Super Visa program.

(P.S. José Bautista is the Sachin Tendulkar of baseball. Learn the sport, it’s a good ice breaker in networking conversations. “Let’s Go Blue Jays!”)

Bonus Tip for Indians

A study I have uncovered shows that Indian names work against job seekers in Canada.

According to the study called “Why do some employers prefer to interview Mathew, but not Samir?” employers are 40% more likely to interview candidates with English sounding names.

I’m not saying you should change your name, because it is a core part of your identity. But I thought it is important to raise this issue. Chinese job seekers face the same problem.

A response from the study indicates that when employer’s see a non-English name, they subconsciously assume there will be a language and communication barrier. Abbreviating your name, or shortening it (“Dev” instead of “Devindra”) is also another possible suggestion.

Cultural differences

In Canada, more importance is placed on experience and accomplishments. Not on education.

It doesn’t matter if you have a bachelors or masters or PHD. Recruiters firstly have no idea about the education system in India. Even if you state your WES equivalency, it’s not about your education, it’s about whether you have done the same job before.

In your resume, it is very important to highlight your accomplishments and support it with numbers.

For example, if you are an IT engineer, just listing “I resolved general IT problems for the staff” is not enough. State an accomplishment – “I resolved IT problems for the staff and reduced the incident count by 15% per year.”

Also in Canada, people are specialized. If your resume promotes you as a jack of all trades, it will not win any hearts of the recruiters.

For example, if you are a civil engineer and your resume states you can build and fix anything, it’s not specific enough. Look at this link to see the various job titles for civil engineers. Likewise, you can Google “Job Titles for xxxx job in Canada”

Detailed Step-by-Step CIC Express Entry Instructions – 2020 (Infographics)

CIC-Express-Entry

Last Updated: 13th December, 2019

Thank you all for the overwhelming response on the blog post Canada Immigration Express-Entry – The Golden-Mail

As a number of subscribers have requested a detailed post on a step-by-step instruction on how to apply for Express Entry process (in order), our team have compiled the below:

CANADA PR STEP BY STEP PROCESS 2020 (Infographics)

Canada_PPR_Infographics_2019

Below are the steps listed in more detail:

How to apply for CIC Express Entry

1) Determine your eligibility by doing this CIC quiz:

http://www.cic.gc.ca/ctc-vac/ee-start.asp

2) Get your language test(s) done. 

You must get at least CLB 7 in each of the four sections for the Federal Skilled Worker (FSW), Provincial Nomination Program (PNP) or Canadian Experience Class (CEC) streams. But getting CLB 10 gives you maximum points for language.

How does CLB match back to the language tests? To know more, check the below: http://www.cic.gc.ca/english/resources/tools/language/charts.asp

You can book your IELTS examinations from British Council: https://takeielts.britishcouncil.org/book

British_Council_IELTS

3) Get your qualifications assessed by doing an Education Credential Assessment.

Details here –> http://www.cic.gc.ca/english/immigrate/skilled/assessment.asp

You can get your Education Credentials Evaluated from WES: https://www.wes.org/ca/

WES_Credential_Evaluation

A WES sample report for ECA evaluation for Immigration is attached below:

sample-CE-CA-ECA

4) Determine the code that best applies to you on the National Occupation Classification (NOC) list

http://www.cic.gc.ca/english/immigrate/skilled/noc.asp

The occupation must be NOC 0, A, or B for FSW or CEC.

5) When you have those in hand you create your express entry profile. http://www.cic.gc.ca/english/immigrate/skilled/profile.asp

and

Register for the Job Bank

http://www.jobbank.gc.ca/home-eng.do?lang=eng

Job-Bank

You’ll be given points based on your age, education, number of years work experience, and language skills. The points system is detailed here –>

http://www.cic.gc.ca/english/express-entry/grid-crs.asp

You’ll be in a pool with thousands of other applicants

http://www.cic.gc.ca/english/immigrate/skilled/pool.asp

Of course, the more points you have the better. The max is 1200, with 600 of those points coming from your ability to snag a PNP or a job offer with a very hard to get Labour Market Impact Assessment http://www.cic.gc.ca/english/work/employers/lmo-basics.asp

For CEC applicants, the max is 600 but someone who has no work experience in Canada who is only eligible for FSW can only get up to 520 points.

6) Finally, wait for your invitation to apply (ITA).

But in the interim you will need to do the following:

a) Have your application fee (C$550 each for principal applicant and spouse) and right of permanent resident fee (C$490 each for principal applicant and spouse) ready
http://www.cic.gc.ca/english/information/fees/fees.asp

b) Identify how you will provide proof of funds 

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

c) Check out what is required for the Police Clearance  Certificates 

http://www.cic.gc.ca/English/information/security/police-cert/index.asp

d) Find out how long it takes to get a date for the Medical Exam. http://www.cic.gc.ca/english/information/medical/medexams-perm.asp

e) Contact previous and current employers about them providing Job letters. You must have at least 12 months of full-time, or an equal amount in part-time, skilled work experience. Full-time work means at least 30 hours of paid work per week. Work experience while you were a full-time student does not count.

f) Research Cities in the province(s) where you want to live.

How to get a job in Canada for Immigrants and Newcomers in 2020

Last Updated: 2nd January, 2020
Are you new to Canada, or thinking of immigrating here for a job? You need to know how to get a job in Canada. Also you should know that employers here might ask if you have “Canadian Work Experience.”
This may sound like an odd question. There you are, coming from outside our country. You may have years of work experience and proper credentials from your homeland. Yet that may not be enough to convince Canadian employers of your worth.
So what is “Canadian Experience” and how can you get it (or get around it)? Read on for more.

What Do Employers Mean By “Canadian Experience?”

According to Jeffrey Lee, Employment Specialist /Practicum Coordinator at CDI College in Burnaby, British Columbia, “Employers look for Canadian workplace experience so that employees are familiar with workplace culture, social cues, and expectations.”
Since different cultures may have different ways of handling situations, “newcomers with ‘Canadian workplace experience’ are seen as being more capable of getting along with the workgroup,” adds Lee. He also notes that having your professional credentials and education authenticated here is important too.
There are other aspects to Canadian experience as well. Peter Dudka, Acting Program Manager, Transition to Employment Programs at Polycultural Immigrant & Community Services in Toronto, Ontario, points out that employers favour the following:
– Fluent English or French, depending on what province you are in. This is crucial. Accent is not an issue, but clear expression of ideas and understanding local terminology are what matter
– Local certification. Not necessarily a two year diploma or a Bachelor’s degree, but even the shortest course here that is relevant to the job will help you stand out from other job seekers
– Narrow specialization. Many newcomers instead offer (in resumes or during job interviews) wide experience and education, from which it is difficult to extract whether they can do that particular job or not.
Dudka adds to this list “the art of selling yourself, which is foreign to many newcomers in Canada. It is related to the previous point: you need to be able to clearly highlight your strengths in one particular field.”

How To Get “Canadian Experience”

No Canadian experience, no job. No job, no Canadian experience. It’s a conundrum that many thousands of newcomers face each year. Fortunately there are ways to overcome this obstacle.
Jeffrey Lee, who has helped internationally-trained professionals find employment, offers advice. “Many recent immigrants can start by volunteering with various charitable organizations, offering their expertise for a variety of projects.”
As well, Lee recommends attending a professional mentoring group where skilled immigrants are paired with local professional peers, to talk about how to prepare for entry into their desired occupation.  One such program in B.C. is from MOSAIC. He also suggests volunteering at businesses related to your profession, if they are open to this.
Peter Dudka suggests connecting with local agencies in Canada that offer free employment assistance to immigrants. “Through our agency, for example,” says Dudka, “we offer advanced English classes, work placements in Canadian companies, interview preparation courses and networking events with local employers.
If you happen to live in Quebec, you can get Canadian experience working in something called a Practice Firm. These are specially made businesses that only interact with one another. No actual money or salaries are involved. Practice Firms are training facilities that let you do specific jobs as if for real. There are 30 of these Firms in Quebec, and one in Ontario. A  list of these is available at the Canadian Practice Firms Network (CPFN).

Taking A Lower Level Job To Get “Canadian Experience”

To get your start in Canada, you may want to consider taking a lower level job here than you are used to. It could be quicker for you to get initial employment that pays less. While it may be a step down, it translates into Canadian experience. The truth is that this is a common approach for a good percentage of newcomers.

However be careful not to get stuck in a menial job that is hard to move upward from. It would be smart to consult directly with one of those local newcomer agencies mentioned above. They can advise you personally based on your circumstances and needs. Meanwhile, read Monster.ca articles on Working for Less: When It’s OK to Take a Pay Cut, and Should I Apply To A Job If I’m Overqualified?.

More About “Canadian Experience”

According to Jeffrey Lee, some industries such as IT (Information Technology, e.g. computing, software, telecommunications) may be less strict about where your experience is gained. Therefore this field might be easier to penetrate in Canada. At present, European-trained engineers may also have an easier time to get their credentials acknowledged than ones trained in Asia or the Middle East.
Other skilled immigrants can benefit from a program offered by the not-for-profit Allies, says Peter Dudka. Allies has created a National Mentoring Initiative in various cities across Canada. Mentoring offers a connection between a skilled immigrant and an established Canadian professional in the same or related occupation. It’s a way of helping skilled newcomers integrate into the workforce faster.

Working in this great country can be marvelous. There are all sorts of challenges and rewards for immigrants.

Getting your start here can be difficult, no doubt. It will make things easier if you’re prepared when the interviewer asks: “Tell us about your Canadian experience.”

Fall Tune-Up Sporting Clays Fun Shoot, Steak Supper & Auction

Gun Club.png

The Saskatoon Gun Club is open to the general public on Tuesday & Thursday evenings 6pm to dusk & Sundays noon – 4pm.

Event Details:

This is a Rain/Shine Event.
Prepare yourself for the fall hunting season or to have some recreational fun by shooting either 100 or 200 Targets on SASKATCHEWAN’S LARGEST sporting clays course.With 16 stations and 33 machines there will be various target presentations for all shooting abilities. Targets include, quartering in, quartering out, crossers, teal verticals, loopers, crossers, rabbits, overhead & high crossers from the towers and of course the favorite poison bird.

 

Location:

Saskatoon Gun Club Take Hwy#5 east of Saskatoon to Old 27 road, turn north till gun club road, turn east to gun club Detailed directions/map http://www.saskatoongunclub.com
Shoot Details:
100 targets Sat AM*(optional) 9:00am registration 9:30am shooting begins $ 20
100 targets Sat PM 1:30pm registration 2:00pm shooting begins $ 80
*only available to shooters registered for the evening shoot. 

Tickets: online @ Eventbrite.ca

Website

http://www.saskatoongunclub.com

Canada PPR – Easy Step by Step Process – Express Entry

Canada.png

 

Ever wondered how to apply for Canada PR? This article lists all the important information including latest changes in Canadian Immigration.

Express Entry was launched by the Canadian government in 2015 to make it easier for skilled workers to obtain legal permanent residency status. The Express Entry system takes place online, allowing candidates to fill out profiles with their language skills, age, job experience, education, transferable skills, spousal qualifications, and more. The profiles are assigned points, and then matched with high-demand labour fields. Applicants with the highest scores are invited to apply for the Canadian permanent residence visa. The visa will be processed in six months, which is much faster than other immigration routes.

Step 1: Find out if you’re eligible

There are two ways to find out if you’re eligible for a program that is part of Express Entry:

Step 2 – Online Profile

Applicants must begin online, where they create a profile. Once you have registered your online profile, you will be registered with the Job Match account. This is a job bank that helps employers connect with prospective applicants. You can begin searching for a job right away.

Step 3 – Document Checklist

In order to properly score your application, the system will need relevant documentation. To that end, the system will generate a personal document checklist. Mandatory documents at this stage include birth certificates, marriage and divorce certificates, evidence of common law marriage, adoption and custody records, job offer letters, proof of educational credentials such as a CV or resume, proof of work experience, digital photos, and proof of funds. Some people will also be asked to provide medical exam or other special documents. You will also need to send your Educational Credential Assessment, or ECA, along with language test results, to the CIC.

Step 4 – Scoring

The Express Entry tool will rank you with the Comprehensive Ranking System (CRS), which is a points-based system that will give you a numerical score. The CIC will invite applicants with the highest scores in the pool to apply for permanent residency.

There are no minimum points required for Express Entry. However, CRS scoring is transparent. A person will receive points for the following factors:

  • Age: the maximum score is 110 points if the applicant is between 20 and 29 years’ old
  • Education level: the maximum score is up to 150 points for a PhD
  • Language proficiency: up to 160 points for proficiency in English and French
  • Canadian work experience: the maximum score is 80 points for people with five years of experience
  • Skill transferability: the maximum score is 100 points
  • Education of spouse/partner: up to 10 points
  • Language proficiency of spouse/partner: up to 20 points
  • An additional 600 points are available if a person is nominated through the Canada Provincial Nominee Program after receiving a job offer or graduating from a post-secondary institution in Canada.
  • Siblings: in 2017, CRS was changed to award up to 15 points if you have at least one sibling living in Canada.

Step 5 – Invitation to Apply

If your score was high enough to be selected from the applicant pool, you will receive an invitation to apply (ITA). Within 90 days of notification you must submit a completed electronic application for permanent residence. Most complete applications can be completed in six months or less.

Remaining in the Pool or Reapplying

If you are not invited to submit an application for permanent residence, you can still remain in the pool for up to 12 months, as long as you continue to meet the criteria for at least one of the federal immigration programs. If your situation changes or you acquire new skills, you should update your profile.

If the CIC does not invite you to apply for permanent residence within this timeframe, you can start over with a new profile. Assuming you continue to meet the criteria, you will be re-entered into the pool, where you can try your luck again.

Questions?

Please comment below and we will be happy to assist!

RELATED POSTS: How to get a job in Canada for Immigrants and Newcomers

 

2008 Financial Crisis – Can it Reoccur

Last Updated: 19th January, 2020

2008 Financial Crisis

2008 Financial Crisis

The Causes, Costs and Implications of the Worst ever Crisis since the Great Depression which was caused by a number of serious weaknesses in the economy. America’s “Great Depression” began with the dramatic crash of the stock market on “Black Thursday”, October 24, 1929 when 16 million shares of stock were quickly sold by panicking investors who had lost faith in the American economy.

Causes of the 2008 Financial Crisis

The first sign that the economy was in trouble occurred in 2006 when housing prices started to fall.

At first, realtors applauded; they thought the overheated housing market would return to a more sustainable level. They didn’t realize there were too many homeowners with questionable credit. Banks had allowed people to take out loans for 100% or more of the value of their new homes. Many blamed the Community Reinvestment Act, which pushed banks to make investments in subprime areas, but that wasn’t the underlying cause.

The Commodity Futures Modernization Act was arguably the real villain. It allowed banks to engage in trading profitable derivatives that they sold to investors. These mortgage-backed securities needed home loans as collateral. The derivatives created an insatiable demand for more and more mortgages.

2008 Financial Crisis Costs

According to the report, entitled “Cost of the Crisis“, the financial and economic crisis cost Americans $12.8 trillion, including: “Estimated actual gross domestic product (“GDP”) loss from 2008 to 2018, of $7.6 trillion.

Can It Happen Again in 2020?

The next financial crisis: Why it is looking like history may repeat itself

  • Too-big-to-fail banks are bigger than ever. 10 banks — including J.P. Morgan, Goldman Sachs and Citigroup — own more than 50 percent of the assets of the top 100 commercial banks.
  • Trump’s attacks on the Fed’s independence could bring back stagflation not seen since the Nixon administration.
  • The revolving door between Wall Street and Washington is spinning faster than ever.

Ever wondered what caused the Banking Crisis in 2008?

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — and Themselves

In one of the most gripping financial narratives in decades, Andrew Ross Sorkin – a New York Times columnist and one of the country’s most respected financial reporters-delivers the first definitive blow-by-blow account of the economic crisis that brought the world to the brink.

Through unprecedented access to the players involved, he re-creates all the drama and turmoil of these turbulent days, revealing never-before-disclosed details and recounting how, motivated as often by ego and greed as by fear and self-preservation, the most powerful men and women in finance and politics decided the fate of the world’s economy.

  • Named a Best Book of the Year by:The Economist, The Financial Times, Business Week
  • Winner of the Gerald Loeb Award for Best Business Book
  • Too Big To Fail is too good to put down. . . . It is the story of the actors in the most extraordinary financial spectacle in 80 years, and it is told brilliantly.” —The Economist
  • “Vigorously reported, superbly organized . . . For those of us who didn’t pursue MBAs—and have the penny-ante salaries to prove it—Sorkin’s book offers a clear, cogent explanation of what happened and why it matters.” —Julia Keller, Chicago Tribune
  • “Sorkin’s prodigious reporting and lively writing put the reader in the room for some of the biggest-dollar conference calls in history. It’s an entertaining, brisk book.” Paul M. Barrett, The New York Times Book Review
  • “Sorkin’s densely detailed and astonishing narrative of the epic financial crisis of 2008 is an extraordinary achievement that will be hard to surpass as the definitive account.” —John Gapper, Financial Times

Top Customer Reviews:

“Too Big to Fail” is an altogether excellent book by financial journalist Andrew Ross Sorkin. It’s a compelling narrative that tells the story of how the nation’s largest and most prestigious financial institutions came to the brink of collapse – and almost took the entire economy with them – in the great economic crisis of 2008.

According to Sorkin, the financial downturn that occurred in the summer of 2008 was actually years in the making. Many of the nation’s greatest investment banks, along with their commercial bank counterparts, had been busily dealing in high-risk subprime mortgages for years. As long as demand for housing remained high, so did housing prices; however, when massive numbers of people began defaulting on mortgages they could no longer afford, the housing market suddenly crashed, credit froze up, and banks began to fail…

…Thus begins the story of America’s economic meltdown in the late summer and early autumn of 2008. With the collapse of the housing markets, many of America’s oldest and greatest investment banks – among them Bear Stearns, Lehman Brothers, and Morgan Stanley – also find themselves threatened by total failure. So do commercial banks like Citigroup, Wachovia, and Bank of America; insurance companies like AIG; and the two government sponsored mortgage guarantors (Fannie Mae and Freddie Mac). Now, U.S. Treasury Secretary Hank Paulson, New York Federal Reserve Bank President Timothy Geithner, Congress, and other government regulators must find a way to save these financial institutions from ruin. If they don’t, America faces the very real possibility that its entire economic system may collapse.

Brexit’s Impact on India in 2020 Opinion Poll

Last Updated: 10th January, 2020

What is Brexit?

Brexit means British exit and refers to the UK leaving the EU.

On June 23, 2016, a referendum was conducted across the United Kingdom over Brexit. In this referendum, 52% of the people voted in favour of Brexit while 48% voted against it. On March 29, 2016, Prime Minister Theresa May triggered a two-year process using Article 50 of the Lisbon Treaty to leave the European Union (EU), even though she was against Brexit before the referendum. As per the Lisbon Treaty, the United Kingdom was to leave the EU on March 29, 2019. But the main opposition party, Labour, opposed May’s decision.

Opposition leader Jeremy Corbyn said that we can’t endorse the Brexit Bill in the parliament as it is against the nation’s fortune. Even Theresa May’s own Conservative party members including its allied Northern Ireland unionists party are opposing the Bill. Consequently, PM Theresa May had to face historical loss in the parliament by a margin of approximately 215 votes on January 15, 2019. Two consecutive defeats in the Lower House compelled and prompted PM May to get down from the chair.

Why is the UK leaving?

A public vote – or referendum – was held on Thursday 23 June 2016, to decide whether the UK should leave or remain.

Leave won by 52% to 48%. The referendum turnout was very high at 72%, with more than 30 million people voting – 17.4 million people opting for Brexit.

Positive Impact Of Brexit On Indian Economy

1. Easy market access:

India is a significant Foreign Direct Investment (FDI) source for the UK because many Indian firms have used it as a gateway to the EU single market. Initially, after divorcing from the EU, the UK wouldn’t like to miss Indian investment. It will attract Indian firms by offering more incentives such as tax break, relaxed regulations and opening up markets.

2. Free trade agreement:

After losing access to the EU single market, the UK would want to develop trade relations with emerging markets around the world. India, with strong economic fundamentals and a large domestic market, is in a better position.

Negative Impact Of Brexit On Indian Economy

1. The UK has always been a gateway for Indian firms to enter the EU single market. After Brexit, this may cause short term distress on Indian firms.

2. The second impact would be visible on currency volatility as there would be devolution of Pound and Euro due to Brexit. Indian companies with sizable presence will have to bear the brunt.

3. With Brexit, there will be a considerable spike in the price of imports, foods and other everyday commodities, which will impact Indian firms.

4. Brexit can affect Indian flagship IT market sector, given that EU accounts for 17 % of the global market and UK accounts for solely 3% out of that 17%. Brexit will increase overhead cost and setting up of new headquarters perhaps, in both EU and UK separately.

Mood of the Nation Poll:

Why British Indians Support Brexit

Total Votes : 143,115*

*(Last Updated: 10th January, 2020)

Vote, your opinion matters…

 

Will British Indians Support Brexit?