Undoubtedly, these factors make Canada a land of indulgence.
Higher admissibility of economic class
The new year started on an explosive note with an unprecedented 2,902 applications invited in the first round of invitation. Immigration is crucial for the economic growth of Canada considering the changing demographics of the workforce. The contribution made by immigrants is palpable – not only it fills the jobs that are held by the aging population, it also contributes towards maintaining the social fabric and character of the diverse communities.
Albeit the overall immigration targets are kept unchanged at 300,000 from 2016, it is the economic class that stands to gain the most out of it. A record of 172,500 immigrants under this segment are planned for admission this year, from the previous year target of 160,600. This increase will be largely offset by a reduction of intake of refugee quota.
Source – CIC
Immigrants, an indispensable input
So, what makes immigrants so inseparable component of Canada’s workforce? The natural indigenous population growth of Canada is not enough to maintain consistent growth levels and sustain welfare on a long-term basis. The cohort between the age group of 20 to 44 years is the one that is most active, productive, fosters consumerism and contributes towards taxation revenues. At the fore, the future success of the country will be highly dependent on importing talent. Furthermore, immigrants prefer Canada as the most favored destination due to its labor mobility element.
All in all, it is imperative to attract and retain a skilled workforce for economic prosperity and attainment of national interests. The overhaul of the immigration rules reinforces our conviction that supply of talent is here to stay for long. We, daresay, to envisage exciting times ahead!
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