Diane Francis | Aug 24, 2012 11:43 AM ET | Last Updated: Aug 24, 2012 3:33 PM ET Financial Post

Canada is finally moving toward a smart, two-step immigration policy, like Australia and others have, that will recruit talent through a targeting policy of foreign student education.

Australia’s success has been widely disseminated and last week a blue-ribbon federal task force in Canada released a report that would emulate its policy. The number of foreign students allowed entry into Canadian institutions should nearly double in a decade and those who graduate from Canadian institutions should be eligible to remain, rather than having to return home and wait years to get in.

Most foreign students in Canada get their degrees and never come back. Most Australians apply to remain and the majority stay.

The next step will be consultations across the country and the new policy will likely become part of the reforms being developed by Immigration Minister Jason Kenney.

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