Immigration is also a key factor in Canada’s economic growth and stability, as it is expected that by 2030 nine million Canadians will reach the retirement age of 65. This means that the worker-to-retiree ratio will drastically shift from 7 to 1 50 years ago, to 2 to 1 by 2035. It is projected that immigrants will soon make up 36% of Canada’s population, making them a vital component for the country’s future growth and success.
Immigration Levels Plan 2023-2025
Canada’s admission targets are set out in the annual Immigration Levels Plan. The plan for 2022 was released in February 2022, with the highest admission targets ever, until the 2023-2025 plan was released. Looking ahead, the immigration levels plan 2023-2025, which was released in November 2022, has an even more ambitious target of 500,000 new permanent residents each year by 2025. The target for 2023 is 465,000.
To hit this target, the IRCC must process more than the 5.2 million applications it processed across all lines of business in 2022, a number that was double the number of applications processed in 2021. New technology, streamlined processing, and bringing more processes online, which was credited with the increase in applications processed in 2022, and the high number of admissions is also set to play a key role in attaining the 2023 – 2025 targeted levels.
The latest news from IRCC has made it clear that Canada is taking major steps towards building a more diverse and inclusive society by welcoming immigrants from all over the world. With a new record-breaking number of permanent residents welcomed in 2022 and ambitious plans for the future, Canada is setting an example to the rest of the world and proving that immigration can be a win-win solution.
