How many immigrants will Canada welcome over the coming years?

How many immigrants will Canada welcome over the coming years

Understanding the Immigration Levels Plan 2022-2024.

Canada is on track to welcome record numbers of new immigrants between 2022 and 2024.

Despite the pandemic, Canada reached record numbers in 2021 with over 405,000 people becoming permanent residents. For 2022, Canada has recently released a revised target of over 432,000 immigrants and even higher numbers in 2023 and 2024. The numbers may seem highly specific, but each target is based on the Canadian government’s Immigration Levels Plan 2022-2024.

What is the immigration levels plan?
Immigration, Refugees and Citizenship Canada (IRCC) uses the Immigration Levels plan as a guide to determine the total variety of permanent residents Canada can aim to welcome in a given year. It additionally indicates that immigration categories the permanent residents are going to be welcomed under. Since the late 1980s, Canada has been welcoming over 200,000 immigrants most years, and this increased to over 300,000 annually prior to the pandemic. Since 2021, this target has increased to over 400,000 each year, that is about 1.1% of Canada’s population.

Why will Canada need immigrants?
Canada is presently experiencing historically low levels of unemployment. the foremost recent information from Statistics Canada indicates this level of unemployment is at 5.2%, the lowest it’s been since records began being kept within the 1970s. the rationale for this can be that Canada’s population is aging and the birth rate is too low to replace the 9 million workers who can reach retirement age by 2030. Canada has one amongst the lowest birth rates within the world with a median of regarding 1.5 children per woman.
With fewer Canadian-born citizens, Canada depends on immigrants to work and contribute taxes in order to support an aging population. for instance, in keeping with the 2022 federal budget, healthcare spending is projected to rise significantly over the approaching years to an estimated $56 billion in 2027. Immigration is important to making sure that Canada has a strong economy also as strong social services and aid that everybody benefits from, as well as permanent residents.
How will it work?
In order to stay up with the ever-evolving desires of the labour market and close the gap within the force, IRCC analyzes information like demographics, economic and labour force indicators, integration capacity, global circumstances, and processing capability. the ultimate goal is to form a plan that bolsters Canada’s economy, reunites families, and provides humanitarian assistance. Finding this balance is that the basis of the Immigration Levels plan.

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How will IRCC break down the numbers?
Over consecutive 3 years, economic category immigration can comprise 57 of Canada’s annual immigration target. this may account for over 240,000 new permanent residents arriving every year, with a projected target of 267,750 skilled workers arriving by 2024.
About 25% of new permanent residents will be selected through family class sponsorship, those who are being sponsored by a relative in Canada who is already a permanent resident or citizen. Over 100,000 will be arriving each year.
The remaining 18 of latest permanent residents are going to be created from refugees and humanitarian category immigrants. The plan targets slightly below 85,000 individuals in 2022 and with a gradual decrease in numbers into 2024.
Looking ahead
The Immigration Levels arrange is usually released once a year however 2022 has been an exception with 2 plans because of a delay caused by the most recent federal election. Going forward, IRCC can release the next Immigration Levels plan for 2023-2025 by November 1st this year.

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