Canada’s new immigration budget for 2023-24 coming soon!

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• Canadas new immigration budget for 2023-24
  coming soon!

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Immigration, Refugees and Citizenship Canada
(IRCC) Canada is all set to announce the
immigration level plan for 2023-24. The
immigration plan guides prospective immigrants on
the number of immigrants Canada welcomes
annually. The budget breaks down economic class,
family class, and humanitarian class programs and
provides immigration predictions for 2023, 2024,
and 2025.   In November 2022, the Canadian
government will release the annual immigration
plan as per Immigration and Refugee Protection
Act (IRPA), which is the primary immigration law
in Canada. The first immigration levels plan was
released in February 2022. The second level of
planning will be out soon, on November 1.
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Canada aims to welcome around 431 645 new
residents through all immigration programs in
2022. By 2024, this target will increase to 451
000 newcomers. So far this year, Canada has
admitted over 300 000 new immigrants, where the
majority of immigrants were people of lower
socioeconomic status. Canada had decided the
target of inviting 241 850 immigrants (60) from
the lower socioeconomic groups. The 2022 plan
also seeks to admit 105 000 family class
immigrants and 8 250 from the humanitarian and
refugee categories.   Once IRCC releases the new
immigration levels plan for 2023-25, these
targets may change and are no longer serve as a
point of reference for immigration
applicants.   Immigration Minister Sean Fraser
said in an interview that he plans to welcome
500,000 new permanent residents in the future.
However, he did not mention a definite target and
the year. He also said, "we're growing in excess
of 1 of our population through the existing
track. That trajectory is going to continue. I
don't know the exact year we're going to cross
that threshold of 500,000 per year. It's going to
be based on the needs of communities."
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Why two announcements in 2022?   The upcoming
announcement will be a bit different as
immigration hopefuls worldwide will see new
increases in the immigration level. The current
level is probably the highest level of all time
since 2016. In 2021, IRCC made history by
inviting the highest number of permanent
residents ever, more than 405000, amid the
pandemic.   According to data provided by IRCC,
as of August 31, Canada currently has a massive
pile-up of 513 923 applications waiting to be
processed. IRCC recently announced that it is
working dedicatedly to speed up the processing of
applications and servicing more people
hassle-free. To do so, IRCC has hired over 1000
new officers, moved to 100 digital-process, and
made investments to modernize the technology used
for processing applications.
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Why Canada needs more immigrants?   Welcoming a
high number of new permanent residents will help
Canada strengthen its economy and address a
severe labor shortage triggered by the pandemic.
With more immigrants, Canada aims to reunite
family members and provide humanitarian
support.   Also, new immigrants pay taxes that
help in boosting the country's economy, leading
to more resources for infrastructure development,
healthcare facilities, education, pensions, and
more. Immigration also accounts for 80 of
Canada's annual population growth. Canada also
deals with an aging population, and its citizens
are not reproducing fast enough to control the
speedy population decline. This is why Canada is
so keen of welcoming skilled immigrants who can
contribute to its growth not only economy but
demographically too. The most-straightforward
approach to solve this issue is to encourage more
skilled foreigners to work, live, and settle in
Canada.
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