Canada Jobs: 500,000 immigrants with these skills to address labour shortage - Check detailed immigration plan
Most of those new arrivals will be known as economic immigrants, who will be expected to fill some of the roughly 1 million jobs currently sitting empty across various sectors of the economy.
Canada Immigration: Canada has a new plan to increase the number of immigrants entering the country, with a goal of seeing 500,000 people arrive each year by 2025 to address a critical labour shortage in the country.
Immigration Minister Sean Fraser revealed the new plan on Tuesday. It puts heavy emphasis on admitting more permanent residents with needed work skills and experience, alongside more modest targets for family members and refugees. The opposition Conservative party welcomed the plan.
This is a massive increase in economic migration to Canada, Fraser said. "We have not seen such a focus on economic migration as we've seen in this immigration-level plan."
The plan envisions a flood of new arrivals that will see 465,000 people come in from outside the country in 2023, rising to 500,000 in 2025. By comparison, the immigration department says 405,000 permanent residents were admitted last year.
Most of those new arrivals will be known as economic immigrants, who will be expected to fill some of the roughly 1 million jobs currently sitting empty across various sectors of the economy.
"There were a million jobs available in the Canadian economy at a time when immigration already accounts for nearly all of our labour force growth. We cannot maximise our economic potential if we don't embrace immigration," Fraser said
While the influx could put even more pressure on already scarce affordable housing in many parts of the country, Fraser suggested the new workers could actually enable the construction of more homes by addressing a shortage of tradespeople.
While most of the planned growth in immigration over the next three years will be focused on bolstering the economy, the new plan also calls for a small increase in the number of family members who will be admitted into Canada.
It also projects an overall decrease in the number of refugees, from a high of 76,000 in 2023 to fewer than 73,000 in 2025, which Fraser attributed to the government's plan to finish resettling 40,000 Afghan refugees next year.
He added, "In each of the last two years, we have resettled more than one-third of the total number of refugees who were settled globally. And each of the last three years, we have resettled more refugees than any other country in the world."
Despite the decrease, a representative for the United Nations High Commissioner for Refugees welcomed the government's continued support for accepting asylum seekers fleeing war and other threats.
The United Nations Refugee Agency welcomes Canada's continued commitment to refugee resettlement as part of its overall immigration growth plan, UNHCR Representative in Canada Rema Jamous Imseis said in a statement.
The response from Canadian industry was more mixed, with the Business Council of Canada arguing the government's plan didn't go far enough in addressing the country's unprecedented labour shortage.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Large and Mid Cap Mutual Funds With Highest SIP Returns in 10 Years: No. 1 fund has converted Rs 12,500 monthly investment into Rs 44,69,845
Power of Compounding: In how many years, your Rs 6,000, Rs 8,000, or Rs 10,000 monthly SIP investment can grow to Rs 4 crore?
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI FD Interest Rates for General and Senior Citizens: Here's what India's top lender is offering in its 1-, 3-, 5-year, & Amrit Vrishti fixed deposit schemes
SBI Guaranteed Return Scheme: Know how much maturity amount you will get on Rs 2 lakh, 2.5 lakh, 3 lakh, 3.5 lakh and Rs 4 lakh investments under Amrit Vrishti FD scheme
04:58 PM IST