Active Stocks
Mon Apr 15 2024 15:59:36
  1. Tata Steel share price
  2. 160.90 -1.59%
  1. ITC share price
  2. 425.90 -0.98%
  1. State Bank Of India share price
  2. 757.75 -1.17%
  1. ICICI Bank share price
  2. 1,078.80 -2.30%
  1. NTPC share price
  2. 361.35 -0.08%
Business News/ News / World/  Study shows traits determining Canada's most successful immigrants: Read here
BackBack

Study shows traits determining Canada's most successful immigrants: Read here

The traits that were measured at the time of landing are the years of work experience before landing which is compared to those with no experience, proficiency in official language i.e English or French

Canada is on track to accept 55,900 immigrants through Express Entry in 2022.Premium
Canada is on track to accept 55,900 immigrants through Express Entry in 2022.

A reported realised by Statistics Canada list out some of the traits for successful immigrants. The report titled 'Immigration selection factors and the earnings of principal applicants' was an update of the 2015 investigation that guide development of Express Entry’s Comprehensive Ranking System (CRS); the main way that skilled foreign workers are assessed by Immigration Refugees and Citizenship Canada (IRCC).

The study looked at the characteristics of applicants, at the time of landing were the most predictive of the earnings in Canada, for the short (one to two years), medium (five to six years), and long-term (10 to 11 years).

The traits that were measured at the time of landing are the years of work experience before landing which is compared to those with no experience, proficiency in official language i.e English or French, the age factor i.e younger or older and education level.

Short-term earnings

The study highlighted the main factors that impacted the short-term earnings of immigrants were the work experience prior to moving to Canada. This is the strongest predictor of earnings in the first one to two years of immigration as every year of Canadian work experience equated to an 84% increase in earnings.

The ones who had a mother tongue other than French or English earned 29% less than those who had either French or English as a mother tongue while those who had received a Bachelor’s degree earned 12-24% more in the short-term.

Medium-term earnings

According to the study, the main factors that impacted medium-term earnings were work experience of five plus years after landing. The study showed that every one year of Canadian work experience equated to a 52-59% increase in earnings.

The ones who had official language as their mother tongue earned 42% more and older immigrants earned 27-35% less than younger ones. The ones with Bachelor’s degree graduates earning 14-21% more.

Long-term earnings

According to the study, the main factors that impacted long-term earnings were work experience, which even after a decade remaining the most impactful factor weakened to a 45% increase for every one year of Canadian work experience.

The younger immigrants earned 44% more than older ones, even 10-11 years after landing, while education which had a strong effect: a 23% increase in earnings for those with a Bachelor’s degree.

Candidates that are looking to apply through Express Entry’s system of programs (including the Federal Skilled Worker Program (FSWP), Federal Skilled Trades Program (FSTP), and the Canadian Experience Class (CEC) should understand this study, and the weighting that it gives to certain immigrant traits.

In Canada, skilled worker candidates eligible for Express Entry, may also apply to the Provincial Nominee Program (PNP). The PNP is another economic immigration program wherein provinces are able to nominate skilled workers for immigration to their provinces, allowing them to arrive and settle in Canada as permanent residents.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 22 Oct 2022, 09:42 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App