Canada Announces Plan to Invite Record 1.485 Million Immigrants Over Next Three Years to Support Economic Growth
Amid a rapidly aging population, Canada plans to invite 1.485 million immigrants over next three years, with targets stable at 485,000 for 2024 and 500,000 for each subsequent year, to maintain sustainable economic growth and a steady population.
- Canada's Immigration Levels Plan 2024-2026 aims to invite 1.485 million immigrants over the next three years, with 485,000 in 2024, and 500,000 annually in 2025 and 2026, in order to deal with an aging population and labor shortages in key sectors.
- India was the top provider of new permanent residents to Canada in 2022, with 118,095 individuals making up more than a quarter of the total 437,120 new residents, raising speculations whether India can sustain this position given current diplomatic tensions.
- The Immigration Plan includes strategies to align immigration with labor market needs, support smaller communities in attracting newcomers, enhance the processing standard, and promote French-speaking immigration.
- The targets for new immigrants in the upcoming years are allocated across economic, family, and humanitarian classes, with specific programs like Express Entry and Provincial Nominee Program playing significant roles.
- The Canadian government is also working to recalibrate its temporary resident admissions to ensure the sustainability of the immigration system, confirming the permanent resident levels will stabilize at 500,000 from 2026.
