Canada Immigration targets stabilizing to support sustainable growth
Canada Immigration is crucial for Canada’s growth, with about 23% of the population being immigrants, the highest among the G7. The 2024 Canada immigration target is 485,000, 1.2% of Canada’s population. Canada’s working population is declining, with the current ratio of workers to seniors at 3:1, expected to drop to 2:1.
This aging workforce leads to labor shortages, which immigration can alleviate. This will support the National Housing Strategy, which invests over $82 billion over ten years.
In addition, Canada, as a global leader in refugee resettlement, welcomed over 46,500 refugees from 80 countries last year, including 40,000 vulnerable Afghans.
Canada Immigration Targets in the 2024-2026 Immigration Levels Plan
The Honourable Marc Miller, Minister of Immigration, Refugees, and Citizenship, announced the 2024-2026 Immigration Levels Plan today, November 1, 2023. This plan aims to encourage economic growth while balancing pressures in areas such as housing, healthcare, and infrastructure. It charts a responsible path for long-term and stable population growth.
With this Levels Plan, the Government of Canada maintains its target of 485,000 permanent residents for 2024 while also taking the final step toward reaching 500,000 in 2025. Beginning in 2026, the government will cap the number of permanent residents at 500,000, giving time for successful integration while continuing to bolster Canada’s labor market.
The government also intends to rebalance the number of temporary resident admissions over the next year to ensure that this aspect of our immigration system is also sustainable.
The federal government will continue to collaborate closely with provinces and territories, employers, stakeholders, and Indigenous peoples to assist Canada in adapting to the realities of immigration-driven population growth. An Immigration System for Canada’s Future—a report that lays out a path to strengthen the immigration system for newcomers, businesses, and communities—also guides this approach. Together, these measures will keep people at the center of our immigration policy and ensure that newcomers have the resources they need to succeed in their new lives, such as settlement assistance and access to housing.
The following are some of the highlights of the Immigration Levels Plan for 2024-2026:
- A long-term focus on economic growth, with the economic class accounting for more than 60% of permanent resident admissions by 2025.
- A commitment to uphold the Canadian government’s humanitarian tradition by responding to humanitarian and geopolitical crises around the world.
- New and ambitious Francophone immigration targets have been established to support Francophone communities outside of Quebec. In 2024, the targets are 6% of total immigration, 7% in 2025, and 8% in 2026. This is done to strengthen Francophone communities outside of Quebec and to ensure the economic prosperity of Canada’s Francophone minority communities.
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