Canada’s Immigration Minister Ahmed Hussen says Canada needs one million immigrants by 2020 to support 5 million Canadians retiring by 2035. The number seems impossibly high... But let’s find out how Canada is planning to “import” immigrants to the country.
Hussen, who himself is an immigrant from Somalia, notes that with the current immigration rate and the intended increase in the next three years — 310,000 in 2018, 330,000 in 2019 and 340,000 in 2020 — close to 100 percent of Canada’s population growth will be a result of immigration.
According to Minister Hussen, who is a member of the Liberal Party, immigration “drives innovation and strengthens the economy.”
While Canada wants to welcome more immigrants, the US is looking for ways to stem the flow of immigrants. Since President George Bush launched the Diversity Visa lottery program in 1990, about half a million of people won Green Card and came to settle in America.
The Philippines has been the top “immigrant-exporting” country since 2010, but people from other countries have also started considering Canada as destination, since the US policies are shaping up to become not so immigrant-friendly.
Top sources of immigrants to Canada
It’s not a surprise that many foreign national choose larger cities to settle in. Announced in July 2016 by the Council of Atlantic Premiers and federal Atlantic ministers, the Atlantic Growth Strategy was launched in January 2017, with the goal of admitting 2,000 immigrants to Atlantic Canada per year over the course of 3 years.
The four Atlantic provinces — New Brunswick, Newfoundland, Labrador, Nova Scotia, and Prince Edward Island — can summon immigrants with certain skills according to the needs of each province.
The Atlantic Immigration Pilot project has two programs for skilled workers: the Atlantic High-Skilled Program, and the Atlantic Intermediate-Skilled Program. The options are available for international student graduates who complete at least a 2-year academic program. The applicant must have a job offer, meet the requirements for work experience, English proficiency, and provide proof of funds to support themselves.
Canada also has programs for wealthy individuals who wish to obtain Canadian permanent resident status through investment or entrepreneurship. The options are:
Over 100 people came to Canada through the Start-up Visa program since its inception in April 2013, but Quebec Immigrant Investor Program is much more popular, with over 5,000 applications were accepted in 2016 alone.
Understandably, the number of high-skilled applicants is higher. In 2016, almost 34,000 invitations to apply for permanent residence were issued to candidates through Express Entry which creates a pool of workers who meet specific government-approved criteria.
All signs point to Canada winning the challenge of attracting world’s best, most talented and skilled specialists, reputable entrepreneurs and business persons - all in the immediate future.
We urge our clients to compare conditions of the various CBI programs. This helps them make up their minds and opt for what suits them best. Speaking of Caribbean nations, we can name at least three reasons to strongly consider one of the countries in the region as your second home:
Have more questions? Want to know the total cost of obtaining the Antiguan citizenship through investment for the whole family? Don’t hesitate to reach out to us and get a free consultation.