Immigration and Canada’s economic recovery
IMMIGRATION AND CANADA'S ECONOMIC RECOVERY
The Numbers Are Looking Good
In 2021, Canada welcomed a number of permanent residents, more then 405,000.
Immigration accounts for almost 100% of Canada’s labor force growth and nearly 80% of our population growth.
Canada regained many of the Jobs lost during the pandemic, but there remain 960,000 unfilled positions across all sectors.
Strong Economic Need for Increased Immigration
By 2030, 5 million Canadians are set to retire and the worker to retiree ratio Will drop down to only 3:1.
This is a clear sign that we have a strong economic need for increased immigration.
The 2022-2024 Immigration Levels Plans aims to welcome 431,645 permanent residents in 2022, 447,055 in 2023 and 451,000 in 2024.
By 2024, overall admissions Will amount to 1.14% of the Canadian population with nearly 60% of admissions in the Economic Class.
SOURCE
Member of Parliament
Mississauga – Malton
Spring 2022 Newsletter
