Hong Kong: Canada targets significant increase in new permanent residents and start-up visas in 2022-2024 immigration plans
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On February 14, 2022, Immigration, Refugees and Citizenship Canada released its immigration level plan for 2022 to 2024. The new targets show plans for a a significant increase immigration levels to Canada over the next few years.
In 2021, Canada hosted more than 405,000 new permanent residents – more than in any previous year in its history. The new immigration targets exceed this record number, as IRCC aims to accept 431,645 permanent residents in 2022, 447,055 in 2023 and 451,000 in 2024. These figures slightly exceed Canada’s stated goal of welcoming approximately 1% of its population into new immigrants every year.
The new immigration levels include a significant increase in the number of new permanent resident visas granted under the Federal business classwhich includes both startup visa program and the self-employed visa program. IRCC aims to increase the number of new permanent resident visas granted in this category by 50% over the 2022-2024 period. This planned expansion of the program is in line with the continued growth seen by the program since its inception in 2015.
Immigration, Refugees and Citizenship Minister Sean Fraser highlighted the importance of immigration to Canada’s economic development in a press release accompanying the report:
“Immigration has helped make Canada the country it is today. From agriculture and fishing to manufacturing, health care and transportation, Canada relies on immigrants. We are focused on economic recovery, and immigration is the key to achieving this. immigration targets, as outlined in the 2022-2024 Levels Plan, will further contribute to making the immeasurable contribution of immigrants to our communities and across all sectors of the economy. »
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