Canada takes one more step to make permanent residency easier

Good news is coming in for students or working professionals who are planning to move to Canada as the country has unveiled a plan to increase the number of permanent residents.

The news comes after Canada's MP Randeep Sarai's Private Member’s Motion M-44 was approved by the House of Commons in May.

Under the Express Entry system, Canada will have a “five pillar approach". According to the immigration plan for 2022–2024, Canada will have a greater, permanent labour supply.

In order to solve labour market shortages and support Canada's post-pandemic economic recovery, this proposal raises the chances for more temporary employees to convert to permanent residence.

Canada, which depends on immigration to drive its economy and support an aging population, has been ramping up annual immigration and has a goal of adding 451,000 permanent residents in 2024.

Immigration Minister Sean Fraser said, Foreign workers bring a wide range of skill sets and educational backgrounds, assist corporate growth, creativity, and productivity, all of which contribute to the economic recovery and growth of Canada.

Why Canada needs new immigrants

Canada welcomes high levels of immigration in order to strengthen its economy. Not only does Canada have one of the world’s oldest populations, but it also has one of the world’s lowest birth rates. This imbalance creates fiscal and economic strain.

To address the pressures caused by a lower birth rate and older population, Canada has been increasing its immigration levels since the late 1980s to grow the nation’s economy, population, and labour force. Today, Canada depends on immigration for the bulk of its population and economic growth.

Foreign workers bring a wide range of skill sets and educational backgrounds, assist corporate growth, creativity, and productivity, all of which contribute to the economic recovery and growth of Canada.