Canada to invest $1.6 billion for the settlement of new immigrants in 2023-2025

Highlights of investment of $1.6 billion for the Immigration Levels Plan 2023-2025

• Canada to spend $1.6 billion over a period of six years for its new Immigration Levels Plan.
• According to the plan, 1.45 million immigrants will be invited in the next three years.
• The invitations in 2025 will go up to 500,000.
• More than 430,000 newcomers are expected to arrive in Canada by the end of 2022.
• The invitees will help in tackling the issue of shortage of worker in the country.

Canada will spend $1.6 billion to make 2023-2025 Immigration Levels Plan successful

Canada has an expenditure plan of $1.6 billion over a period of six years. The plan includes an expenditure of $315 million each year for the processing of applications and settlement of new immigrants who will receive a Canada PR visa.

The Fall Economic Statement of the government has also allocated $50 million for 2022 and 2023 to tackle the issues of backlog of application processing.

The Fall Economic Statement of Canada Government

Sean Fraser announced the latest Immigration Levels Plan 2023-2025 in which around 1.5 million new immigrants will be invited. The annual levels by 2025 will go up to 500,000 immigrants. The Fall Economic Statement has been developed to make an economy that will benefit everyone as it will create more jobs and a better and affordable life for Canadians.

Chrystia Freeland stated that immigration in the next three years will help in tackling the issue of shortage of workers in the sectors like healthcare and manufacturing. Sean Fraser announced that 301,250 new immigrants will belong to the Economic class.

Canada Immigration Levels Plan 2023-2025

The 2023-2025 Immigration Levels Plan can be found in the table below:

Immigrant Category		2023	2024	2025
Overall Planned Permanent Resident Admissions		4,65,000	4,85,000	5,00,000
Economic	Federal High Skilled	82,880	1,09,020	1,14,000
	Federal Economic Public Policies	25,000	-	-
	Federal Business	3,500	5,000	6,000
	Economic Pilots: Caregivers	8,500	12,125	14,750
	Atlantic Immigration Pilot Program	8,500	11,500	14,500
	Provincial Nominee Program	1,05,500	1,10,000	1,17,500
	Quebec Skilled Workers and Business	NA	NA	NA
Total Economic		2,66,210	2,81,135	3,01,250
Family	Spouses, Partners and Children	78,000	80,000	82,000
	Parents and Grandparents	28,500	34,000	36,000
	Total Family	1,06,500	1,14,000	1,18,000
Refugees and Protected Persons	Protected Persons in Canada and Dependents Abroad	25,000	27,000	29,000
	Resettled Refugees - Government-Assisted	23,550	21,115	15,250
	Resettled Refugees - Privately Sponsored	27,505	27,750	28,250
	Resettled Refugees - Blended Visa Office-Referred	250	250	250
	Total Refugees and Protected Persons	76,305	76,115	72,750
Humanitarian and Other	Total Humanitarian & Compassionate and Other	15,985	13,750	8,000
Total		4,65,000	4,85,000	5,00,000

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