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Canada Immigration Consultants In Kottayam

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Axis Overseas
Canada Immigration Consultants In Kottayam

Canada is currently experiencing historically low levels of unemployment. The most recent data from Statistics Canada indicates the current level of unemployment is at 5.2%, the lowest it has been since records began being kept in the 1970s. The reason for this is that Canada’s population is aging and the birth rate is too low to replace the nine million workers who will reach retirement age by 2030. Canada has one of the lowest birth rates in the world with an average of about 1.5 children per woman.

With fewer Canadian-born citizens, Canada relies on immigrants to work and contribute taxes in order to support an aging population. For example, according to the 2022 federal budget, healthcare spending is projected to rise significantly over the coming years to an estimated $56 billion in 2027. Immigration is vital to ensuring that Canada has a robust economy as well as strong social services and healthcare that everyone benefits from, including permanent residents.


Canada’s Immigration Minister Sean Fraser introduced on April 22 that Express Entry invites for Federal Skilled Worker Program (FSWP) and Canadian Experience Class (CEC) applicants will resume through early July. At the equal time, the Minister said that he expects the bulk of latest Express Entry programs to be processed inside a six-month service standard.


This is fundamental information considering that Express Entry attracts for FSWP applicants had been paused since December 2020, even as draws for CEC applicants has been paused since September 2021. The processing instances for those programs also are presently nicely above the six-month target. IRCC applied the transient interruption so as to process enormously skilled programs ready in queue and decrease the Express Entry backlog which was exacerbated by the pandemic.


This temporary policy change has had the impact of decreasing the flow of foreign skilled immigrants to the Canadian labour marketplace at a time when there are almost one million process vacancies and traditionally low unemployment rates.


Immigration has now turn out to be extra essential than ever in Canada and Express Entry is poised to another time turn out to be a major vehicle for Canada to attract international skills and develop its economy.


According to figures supplied via way of means of IRCC during the April 22 media briefing, the Express Entry backlog has now been decreased via way of means of more than half since September 2021, right all the way down to 48,000 via way of means of March 2022. Also, the number of permanent resident decisions made withinside the first zone of 2022 has doubled in comparison to the equal length in 2021. IRCC made 156,000 permanent residence decisions between January 1 and March 31, 2022.By 2024, IRCC aims to welcome over 110,000 immigrants per 12 months via Express Entry.


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