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According to the recent update on Canada's Immigration Levels Plan 2024-2026, RBC reports that the targets do not suffice if Canada hopes to meet the future labour demands of the country.
As per the statistics, Canada requires an annual immigration rate equivalent to 2.1% of the current population (i.e. 38 Million people approx.) to meet the requirements of the Canadian market. More specifically, current immigration targets need to increase by more than 3 Lakh annually to offset the ongoing disaster in the country.
With the Immigration levels plan, Canada intends to welcome 500 thousand new immigrants annually, marking the country's history by putting big numbers. The objectives of immigration, according to the Canadian government, are to support refugees, boost the economy, and bring families together.
Canada has one of the world's oldest populations and one of the world's lowest birth rates. As a result, the country has a low ratio of natural population growth. Therefore, Canada becomes helpless and unable to substitute its population, particularly among working-age people, which results in low economic growth. This scenario makes it challenging for Canada to raise the taxes it needs to spend on crucial social services, contributing to a high living country standard. Hence, the country has to rely on immigration to supplement its population, particularly in the face of its growing economy as the 9th largest in the world.
The Canadian Government is planning a big picture through Canada's Immigration Levels Plan 2024-2026. Questions, therefore, remain about why reforming the policy. In light of this, the government has introduced some recent developments in the key institutions which act as a base for Canada's Immigration Levels Plan 2024-2026.
Let us discuss these policies to understand whether Canada’s Vision of Immigration is a genuine necessity or a strategy.
Immigration, Refugees and Citizenship Canada (IRCC) are improvising the processing of International Experience Canada (IEC) work permits by expanding automation technology. A new tool designed to help IRCC filter the work permits based on their complexity and approving eligibility for routine applications.
Canada acknowledges the adversity faced by Yazidis and other survivors at the hands of Daesh. Canada has given over 1,400 survivors, including Yazidi women and children, the opportunity to start new lives in Canada by reuniting family members overseas with those in Canada to support their integration and settlement.
IRCC is conducting an online survey of newcomers to Canada on their resettlement, settlement and integration experiences. The survey will help them to understand which settlement and resettlement services are working well and what needs improvement to meet the needs of newcomers to Canada.
In 2024, across 700 Companies, employees can expect an average salary increase of 3.6% next year. An increase in average salary is undoubtedly a positive development, considering Canada is third among 87 countries for quality of life. This initiative will solidify the vigorous quality of life available to all inhabitants of this country.
Summing It Up
The Canadian government has recently introduced the Immigration Levels Plan 2024-2026, aimed at supporting refugees, boosting the economy, and bringing families together. However, it is too early to determine whether this policy will benefit or harm Canada's future, especially given the current political scenario. Canada is still in the initial stages of implementing this ambitious plan, and its impact remains to be seen.
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