x
(587) 705-0764
Ackah Business Immigration Law – Personal and Corporate Immigration
Contact us

Contact Information

1 (403) 452-9515

1 (800) 932-1190

Book a Free Consult

More Options...

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

Blog posted on by Evelyn Ackah in Immigration, Immigration Law and Economic Immigration

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


Evelyn L. Ackah, BA, LL.B.

Founder/Managing Lawyer

Ms. Ackah is passionate about immigration law because it focuses on people and relationships, which are at the core of her personal values. Starting her legal career as a corporate/commercial ...

More About Evelyn L. Ackah, BA, LL.B.

Top 9 Ways To Immigrate To Canada in 2024

Canada offers incredible opportunities for immigrants to live and work in the country, both temporarily and permanently. There are many strategies and options available for individuals ...

Read More

Beyond February: Why Representation Matters for Black Canadians Every Day

Black History Month in Canada serves as a vital reminder of the immense contributions Black Canadians have made to our nation's society, culture and economy . However, limiting our ...

Read More

Will Canada Ban Canadian Work Experience Requirements?

Ontario is on the verge of implementing a novel policy: banning employers from requiring Canadian work experience. This move aims to open doors for the country's vast immigrant population ...

Read More

Canada's Golden Visa: Investor Visa and Other Economic Business Immigration Programs in 2024

Golden visas unlock residency and even citizenship in a foreign country by investing in its economy. A golden visa is a "fast track" for individuals and families to live abroad by approved ...

Read More

Canada Opens Doors: New Path to Citizenship for Undocumented Workers

Canada, a nation built by immigrants, is taking a bold step to welcome even more newcomers. The Canadian government is planning a "broad and comprehensive program" that could grant ...

Read More

Can I Renew My Canada Visa From Abroad?

Once you receive your Canada visa, you can travel freely between Canada and other countries. You can leave Canada and return as long as your visa or Electronic Travel Authorization ...

Read More

You and your team are the only firm I would ever recommend for immigration needs! Thank YOU for everything!

- NW

View All Testimonials