Eliminating Immigration Would Have a Negative Impact on Canada's Economy

24 May 2018

Eliminating Immigration Would Have a Negative Impact on Canadas Economy

A new Conference Board of Canada report says that eliminating immigration would have a negative impact on Canada's economy.  The study imagined what would happen by 2040 if Canada's borders were completely shut. 

“Immigration contributes to the economy in several ways,” explained Kareem El-Assal, senior research associate with the Conference Board. “They are going to contribute to our labour force, but they’re also going to contribute in terms of economic activity.”

By 2034, immigration will account for 100% of Canada's population growth

Immigration currently is 71% of Canada's population growth and 90%  of labour force growth, according to the Conference Board. By 2034, it's expected to account for 100% of Canada's population growth, and deaths will exceed births. The Conference Board report recommends boosting Canada's immigration rate to 1% of the total population, from 0.8% in 2017. 

Without immigrants, the study found that:

  • Canada's population would age more rapidly.
  • The labour force would shrink. By 2040, the ratio of workers to retirees would drop from 3.6 to 2.0. More than a quarter of the population (26.9%) would be 65 and over, compared to 22.4 % with a gradual increase in immigration.
  • Paying for social services like health care would result in tax increases across the country.
  • The shrinking labour force, lower local demand and tax increases would lower levels of business investment and businesses would likely choose to forego Canadian operations.
  • Economic growth would slow down without immigration. Canada's GDP growth is expected to grow by an average of 1.9% in the decades to come with a gradual increase in newcomers. Without immigrants, growth would slow to 1.3%.

Economic immigrants — skilled workers and other newcomers — contribute the most to Canada's economy. 

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Evelyn Ackah is a US and Canada immigration law expert and founder and managing lawyer at Ackah Business Immigration Law. Business immigration law focuses on helping people move into new opportunities — both personally and professionally. Ackah Immigration Law helps you to navigate the complex maze of rules and regulations involved with Canadian, U.S. and international immigration law with confidence. Headquartered in Calgary and with offices in Vancouver and Toronto, Ackah Business Immigration Law provides legal immigration advice for those looking to move for work, education or personal reasons.

We provide expertise in all areas of immigration law ranging from corporate immigration to personal and family immigration matters. We provide comprehensive immigration services to clients around the world representing corporations, institutions, not for profit organizations and individual clients. As your immigration lawyers and paralegals, we provide you with timely and strategic advice relating to the constantly changing immigration laws and regulations. 

Contact Ackah Business Immigration Law

Calgary: (403) 452‑9515     Vancouver: (604) 985‑9512     Toronto: (416) 643‑7177

North America: 1 (800) 932-1190

contact@ackahlaw.com 


Contact us:

Email:
   contact@ackahlaw.com

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   Calgary: (403) 452‑9515
   Vancouver: (604) 985‑9512
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   North America: 1 (800) 932‑1190


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