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By Jessica Thakur, October 29 2024
Canada announced a significant shift in its immigration strategy, reducing permanent resident targets for 2025-2027 while prioritizing economic immigration and transitions from within Canada. The new Immigration Levels Plan, unveiled on October 24th, sets a target of 395,000 permanent residents for 2025, down from the previously planned 500,000.
Key Changes:
Reduced Overall Targets: Permanent resident targets for 2026 and 2027 are also lower than initially projected.
Economic Focus: Despite the overall reduction, economic immigration remains a priority, with 232,000 spots allocated for 2025.
In-Canada Transitions: Over 40% of economic immigrants are expected to be temporary residents already in Canada.
PNP Reduction: Provincial Nominee Program (PNP) targets are cut by approximately 50%.
Express Entry Increase: Federal High Skilled programs managed through Express Entry see increased targets.
French-Speaking Immigrants: Targets for French-speaking immigrants outside Quebec continue to rise.
Temporary Resident Changes:
Reduced Levels: The plan aims to reduce temporary resident levels from 7% to 5% of the population by 2026.
Study Permit Cap: A permanent cap on study permits for international students remains in place.
TFWP Reforms: The Temporary Foreign Worker Program faces scrutiny and reforms, including suspensions and reduced work permit durations.
Rationale:
Prime Minister Trudeau, who led the announcement, emphasized the need to address labor shortages and support economic growth while ensuring successful integration. He also acknowledged political considerations, stating a focus on "winning the next election."
This revised plan reflects a more balanced approach to immigration, aiming to leverage the skills and experience of those already in Canada while continuing to welcome newcomers who can contribute to the country's economic prosperity.
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