(403) 452-9515

Ackah Law

Search Ackah Law...

Contact us

Contact Information

1 (403) 452-9515

1 (800) 932-1190

Book a Consultation

More Options...

Immigration Growth Propels Canada to World's 10th-Largest Economy

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

Immigration Growth Propels Canada to World's 10th-Largest Economy

The U.K.-based Centre for Economics and Business Research released its annual World Economic League Table in late December, which places Canada as the world’s 10th-largest economy based on its GDP of CAD$2.251 trillion in 2019. According to the press release announcing the report, population growth brought on by immigration is a major contribution to Canada’s economic strength:

Countries that are successful in attracting skilled migrants tend to grow faster. And reflecting this, Canada and Australia, which are two of the most successful countries at attracting inward migration, are predicted to rise in the rankings, Canada to 8th and Australia to 13th by 2034.

With Canada experiencing a 40-year record low unemployment, an aging workforce and a declining birthrate, recruiting skilled and low-skilled immigrants is vital to Canada's economic growth. According to a global staffing company Randstad Canada,

Fewer workers mean fewer goods and services can be produced, so economic output shrinks. Currently, Canada's economy is growing at a modest rate of 1.5% annually. Without immigration to prop up population growth, it's unlikely that Canada would be able to maintain this level of growth.

Economic Immigration

The Canadian government announced in October 2018 that it wants 1,000,000 new permanent immigrants in the next 3 years and is increasing immigration opportunities and programs. Economic immigrants are people who move to Canada for career opportunities and want to live and work in Canada to improve their living standards. Canada has put into place programs to increase economic immigration in order to improve Canada's economy due to the aging workforce. Economic immigrants are admitted to Canada based on their education, skills and work experience.

The Canadian government announced in October 2015 that Canada wants entrepreneurs and new immigration goals and programs provide immigration opportunities for skilled and educated foreigners who want to move to Canada. Canada's business and economic immigration programs require planning and applicants must be able to prove eligibility guideline qualifications for each program.

Are You Qualified to Move to Canada?

BOOK A CONSULTATION

Canada Economic Immigration Programs

  • Canada’s Start-Up Visa targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that are innovative, can create jobs for Canadians and can compete on a global scale.
  • Express Entry manages applications for three economic immigration programs:
    • Federal Skilled Worker Program
    • Federal Skilled Trades Program
    • Canadian Experience Class
  • The Self-Employed Persons Program allows people to immigrate to Canada permanently as a self-employed person.
  • The Global Talent Stream fast-tracks visa for skilled immigrants.
  • Ontario launched an ad campaign targeting Silicon Valley in 2017.
  • MaRS is a public-private partnership between Canadian tech companies and the Ontario government to create a physical space where made-in-Canada tech ventures can thrive and to attract highly-skilled immigrants.
  • Canada is developing programs for tech entrepreneurs on the Toronto-Waterloo Corridor and in Vancouver.
  • In July 2018 Quebec introduced new economic immigration rules including:
    • A new entrepreneur stream for entrepreneurs receiving support from a business accelerator, incubator or university entrepreneurship centre.
    • An increase of investor net worth and investment requirements.
    • Introduction of startup and security deposits for entrepreneur and self-employed worker programs.
  • The Federal Owner Operator LMIA pathway can lead to permanent residence in Canada.


Evelyn Ackah

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 Ackah

Municipal Nominee Program

Canada's new Immigration Minister Marco Mendicino will develop the government's proposed employer-driven Municipal Nominee Program (MNP) pilot program to attract and retain ...

Read More

2019 Immigration Changes Year In Review

Here are some of the key changes and news about Canada immigration during 2019:1. With Goal to Welcome 1,000,000 Immigrants in Next 3 Years, Canada Increases Integration FundingThe ...

Read More

Foreign Nationals In Canada Now Required to Submit Biometrics

The Canadian government has been phasing in a biometrics program to make travel to Canada easier and to keep Canadians safer since 1993, says Immigration, Refugees and Citizenship ...

Read More

Episode 8: Misrepresentation: Document Fraud & Immigration

Show Notes:What You Need to Know About Misrepresentation, Document Fraud and ImmigrationHave you ever been refused a visa? It’s a serious crime to lie or give false information or ...

Read More

Canada Recognizes Expired Venezuelan Passports for Immigration Applications

The Canadian government announced on August 19 that Immigration and Citizenship Canada (IRCC) and border agents recognize the 5-year extension to expired Venezuelan passports ...

Read More

Report Calls Canada a Role Model for Economic Immigration

A new report Recruiting Immigrant Workers by the Organization for Economic Development and Cooperation (OECD) called Canada’s economic immigration system a “benchmark” and "role ...

Read More

Thank you for all your great support!!! The TN- Visa application that we prepared was successful and approved when I went through customs.

– Norm Rose, Excel Sales Consulting

View All Testimonials