Canada has one of the lowest birth rates in the world along with one of the oldest populations worldwide. Fiscal and economic pressures result from this. Canada’s natural population growth rate is modest, which translates into low rates of labor force expansion and economic growth. Canada finds it challenging to raise the taxes required to fund social expenditure on services like health care, education, and other vital sectors that contribute to the high standard of living in the nation. This is because the country is experiencing low economic growth.
Because of this, Canada has been boosting Immigration since the late 1980s to accelerate economic, labor force, and population growth. Most of Canada’s population increase, labor force expansion, and economic growth in recent years have been largely attributed to immigration. Just think about it like by 2030, 9 million baby boomers in Canada will be old enough to retire at age 65. This implies that while Canada’s social spending on health care is expected to increase, the country will have fewer workers. For more than 30 years, Canada has taken the initiative to address this issue by progressively increasing its immigration targets.
Canada inviting in 2024-2026:-
Canada will likely keep raising immigration levels gradually for the foreseeable future, given its immigration trends and demographic realities. Immigration will continue to be essential to the nation’s fiscal stability and robust economy. Between 2024 and 2026, Canada expects to receive approximately 1.5 million new immigrants, a major increase over previous years.
There was great discussion over the lack of an increase between 2025 and 2026 when Canada Immigration Minister Marc Miller recently unveiled his Immigration Levels Plan. Nonetheless, the rate of immigration to Canada is going to be high, with 500,000 newcomers anticipated in each of those two years. It anticipates its third consecutive record year for new permanent residency visas in 2023, with 465,000 new arrivals, according to the Immigration Levels Plan, which was unveiled in the fall.
Although official figures are not yet available, the nation is expected to surpass those figures in terms of actual new arrivals. Of the 485,000 newcomers this year, more than 281,000, or 58%, are economic immigrants. This makes it quite evident what Canada’s immigration priorities are.
The top highest occupations-in-demand in Canada:-
- Engineering
- IT
- Marketing & sales
- HR
- Healthcare
- Teachers
- Accountants
- Hospitality
- Nursing
- Web designer
- SEO professional
- STEM ( Science, Technology, Engineering, Mathematics )
- Electrician
- Truck driver
- Human Resources Manager
- Software Developers
Examination of the Projections for 2024:-
Under the economic class, about 281,135 immigrants will be welcomed to Canada, making up 58% of the yearly objective. Analyzing this number further, we see that the Express Entry goal for 2024 is 110,700 admissions of permanent residents. As a result, Express Entry is set to take back its place as Canada’s main route for admitting applicants of the economic class.
Eleven thousand immigrants, or twenty-four percent of all admissions, are expected to be part of the family class. In particular, 82,000 admissions are targeted for spouse, partner, and child sponsorship in 2024, compared to 32,000 admissions for the Parents and Grandparents Program (PGP). The goal for humanitarian admissions is set at 89,865 immigrants, or around 19% of total admissions. This includes those who are admitted for humanitarian, compassionate, or other reasons, as well as refugees and protected persons.
Contact Us for Assistance:-
Currently, if you are thinking about starting an immigration for permanent resident to Canada, then this is the right moment to do it as the nation strives to solidify its status as the top destination for moving to Canada newcomers. Whether you’re seeking opportunities in Canada, Australia, New Zealand, or exploring job seeker visas for Germany, Sweden, and Portugal our migration experts are here to guide you. Contact us at +91 9145227575
