Why Canada needs 1 million immigrants by 2020

Reading time:
Don't have time to read? Send to Email

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.

Why Canada needs 1 million immigrants by 2020 | Migronis

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.

Permanent residence in Canada

Canada also has programs for wealthy individuals who wish to obtain Canadian permanent resident status through investment or entrepreneurship. The options are:

  • Start-up Visa Program – targets immigrant entrepreneurs with the skills and potential to build businesses in Canada;
  • Quebec Immigrant Investor Program – targets international investors with the skills and abilities needed to contribute to economy and integrate into Canadian society;
  • Quebec Entrepreneur Program – designed for individuals wishing to make an active investment in the economy of Quebec and participate in its development;
  • British Columbia Entrepreneur Immigration Program – targeted at prospective immigrants who wish to run or establish a business in the province.

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 can help you weigh your options and choose what’s right

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:

  • Antigua and Barbuda passport: visa-free entry to over 136 countries; passports are issued within 3-5 months.
  • Saint Kitts and Nevis passport: visa-free entry to 132 countries; no residence requirements; passports are issued within 3-5 months. The program has been active since 1984!
  • Dominican passport: visa-free entry to 91 country; passports are issued within 3-6 months; no residence requirements; no personal interview.

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.

Krisitna

Get a free consultation

Send request

© "Migronis", within full or partial copying of the material is required reference to the source.

Rate this article
Share to friends:

Not ready to proceed with the application process yet?

Subscribe to our must-read newsletter. The articles we send will help you make the right choice. Once a week we send expert information without empty talk and with no advertisements. Articles are prepared by leading tax experts and lawyers.