“Immigration has helped shape Canada into the country it is today ….We are focused on economic recovery, and immigration is the key to getting there. Setting bold new immigration targets, as outlined in the 2022-2024 Levels Plan, will further help bring the immeasurable contribution of immigrants to our communities and across all sectors of the economy,” said Sean Fraser, Minister of Immigration, Refugees and Citizenship on Monday.
Indians are the biggest nationality gaining permanent residency in Canada, accounting for about 40% of the total number. IN 2020, over 27,000 Indians gained entry to Canada, with over 50,000 being invited to apply for permanent resident.
Last year, the country took in 405,000 immigrants, the highest in a single year in the history of the country. The current rate of admission translates into a little over 1% of the Canadian population by 2024. Given the long term focus on economic growth, nearly 60% of the new admissions will be in the Economic Class. In a statement, the government said immigration already accounts for almost 100% of labour force growth, and with 5 million Canadians set to retire by the end of this decade, the worker to retiree ratio will drop down to only 3:1.
Canada has gradually been working to increase legal immigration into the country, creating a streamlined path to citizenship for high skilled workers and entrepreneurs.
“To ensure Canada has the workers it needs to fill critical labour market gaps and support a strong economy into the future, the 2022–2024 Immigration Levels Plan aims to continue welcoming immigrants at a rate of about 1% of Canada’s population….this plan builds on the previous levels plan, with an increased focus on supporting our economic resurgence and post-pandemic growth,” said the statement.