The Canadian government has said that it would aim to take in 1.3 million immigrants in the next three years as a way to boost post-pandemic growth. As per the 2022-2024 Immigration Levels Plan, Canada will take in over 431,000 immigrations in 2022, higher than the 411,000 initially announced, and 447,055 in 2023, and 451,000 in 2024.
“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 labor 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.
