Canada immigration policy: How new rules will benefit Indians

Canada aims to attract about 1.3 million new immigrants over the next three years

Ravi Prakash Kumar
Updated19 Feb 2022, 02:05 PM IST
A Canada flag is hung between traffic light posts
A Canada flag is hung between traffic light posts(AP)

Canada is increasing its immigration targets yet again to fuel post-pandemic growth and help fill critical labour shortages. This is good news for Indians who want to get settled as they comprise the single largest source country for immigrants to Canada.

Canada aims to attract about 1.3 million new immigrants over the next three years, overall admissions amounting to 1.14% of the Canadian population by 2024. These are the targets the Canadian govt is looking at:

2022: 431,645 permanent residents.

2023: 447,055 permanent residents.

2024: 451,000 permanent residents.

The majority of immigration into Canada is in the economic class, with Indians making for almost 60% of those numbers, according to a Hindustan Times report. 

The 2021 Annual Report to Parliament on Immigration, tabled this week, showed that India remains the largest source country for immigrations into Canada. 

“The arrival of the Covid-19 pandemic in 2020 reduced the intake severely, but of the 184,606 permanent residents admitted that year, Indians accounted for 42,876, or 23% of the total and almost two-and-a-half times the numbers for the next highest, China, at 16,535,” according to the report. 

India has consistently been the biggest source country since 2017, when it overtook China among permanent residents (PRs). In 2019, as many as 85,593, Indian-origin PRs, a quarter of the total, were admitted into Canada.

In 2021, Canada welcomed more than 405,000 new permanent residents—the most immigrants in a single year in Canada's history. The Canadian government has struggled to clear a backlog of about 1.8 million visa/citizenship due to covid-19.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:19 Feb 2022, 02:05 PM IST
Business NewsNewsIndiaCanada immigration policy: How new rules will benefit Indians

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    153.40
    03:59 PM | 13 SEP 2024
    1.65 (1.09%)

    Bank Of Baroda

    239.30
    03:49 PM | 13 SEP 2024
    2.1 (0.89%)

    Bandhan Bank

    207.05
    03:57 PM | 13 SEP 2024
    10 (5.07%)

    Zee Entertainment Enterprises

    135.95
    03:59 PM | 13 SEP 2024
    1.2 (0.89%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Linde India

    8,205.20
    03:29 PM | 13 SEP 2024
    623.3 (8.22%)

    IDBI Bank

    94.94
    03:53 PM | 13 SEP 2024
    7 (7.96%)

    IIFL Finance

    523.65
    03:29 PM | 13 SEP 2024
    38.4 (7.91%)

    Home First Finance Company India

    1,203.70
    03:43 PM | 13 SEP 2024
    76.3 (6.77%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      72,990.00790.00
      Chennai
      73,100.00880.00
      Delhi
      75,310.002,420.00
      Kolkata
      75,600.001,090.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.98/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts