Canada immigration

Canada – New High for Immigration – Welcoming 401,000 People

January 7, 2021 | xpath.global

Canada ‘s immigration successfully met its 2021 goal, granting permanent residency to 401,000 expatriates. This achievement is attributed to a strategic focus on temporary residents already within the country, revealed Immigration Minister Sean Fraser.

A Challenging Year: Immigration Amidst a Pandemic

In 2020, the COVID-19 pandemic caused a significant drop in new permanent residents, plunging by over 45% to 185,000. This downturn was a result of the pandemic’s impact, effectively closing the country’s gates to newcomers.

Immigration as an Economic Driver

Canada, heavily reliant on immigration to fuel its economy and address an aging population, has consistently set ambitious immigration targets. Prime Minister Justin Trudeau’s government, since 2015, views immigration as a crucial element in strengthening the Canadian economy. The annual target is set at approximately 1% of the country’s population, which stands at over 38 million people.

Ambitious Goals Achieved: Breaking Records

In 2021, the government set an ambitious target of attracting 411,000 permanent residents. Immigration Minister Sean Fraser proudly announced the successful achievement of this goal, emphasizing the significance of the accomplishment.

Temporary Status Holders Contribute to Record Numbers

Breaking a century-old record, the majority of the new 401,000 permanent residents were individuals who were previously in Canada on temporary status. This strategic approach not only surpassed expectations but also played a pivotal role in mitigating challenges posed by the pandemic.

Economic Recovery and Growth

In a positive turn of events, official data released in November revealed that Canada’s economy grew for the sixth consecutive month, steadily approaching pre-pandemic levels. This growth showcases the resilience of the Canadian economy and the effectiveness of immigration strategies in bolstering national development.

In conclusion, Canada’s immigration success in 2021 serves as a testament to the resilience and adaptability of its immigration policies, contributing significantly to both economic growth and demographic vitality.

Related posts

global mobility finanaces
policy
RECENT POSTS
  • GDPR Best Practices for Employee Mobility within the EU
    GDPR Best Practices for Employee Mobility within the EU

    April 12, 2024

  • Belgium’s New Immigration Policies: Minimum Salary Requirement
    Belgium’s New Immigration Policies: Minimum Salary Requirement

    April 12, 2024

  • Key Considerations for Tax and Social Security Compliance
    Key Considerations for Tax and Social Security Compliance

    March 28, 2024