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Canada is looking to welcome 432,000 new immigrants in 2022.
Over the coming three years, Canada will target the following number of new immigrant landings:
2022: 431,645 permanent residents
2023: 447,055 permanent residents
2024: 451,000 permanent residents
Canada has one of the world’s oldest populations and also one of the world’s lowest birth rates. This creates economic and fiscal pressures. Canada has a low rate of natural population growth which results in low rates of labour force and economic growth. Low economic growth makes it difficult for Canada to raise the taxes it needs to support social spending on services such as education, health care, and other important areas that provide high living standards in the country.
As a result, Canada has been increasing its immigration levels since the late 1980s to increase its rate of population, labour force, and economic growth. Canada now depends on immigration for the majority of its population and labour force growth and a larger share of its economic growth.
So What are you waiting for?
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