Aging Population
As the population ages, a younger tax-paying workforce is needed to balance the economic cost.
King George, Surrey, BC-V3V 1N1, Canada
Canada’s 2021-2023 Immigration Level Plans is an ambitious project as Canada is aiming to welcome around 1.2 million new immigrants over the next three years. To keep its economy strong, Canada welcomes high levels of immigration. Here are some reasons why Canada needs immigrants.
As the population ages, a younger tax-paying workforce is needed to balance the economic cost.
Canada has a low rate of natural population growth which results in low rates of economic growth.
Canada is increasing immigration to boost its economic recovery from the coronavirus pandemic.
To offset the economic growth in Canada, policymakers have decided that immigration is the solution. Here are 4 key takeaways from Canada Immigration Levels Plan
Overall Canada’s immigration level plans for 2021-2023 is a big project and it appears likely that Canada will continue to gradually increase its immigration levels for the foreseeable future as immigration is important for supporting a healthy economy and fiscal situation in the country.