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Posted on November 08 2022

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

By  Editor
Updated January 13 2024

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
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
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

Read more…

Canada targets 1.5 million migrants by 2025

Are you looking to Migrate to Canada? Talk to Y-Axis, the world’s no. 1 overseas immigration consultant.

Canada adds 108,000 jobs in October, StatCan Reports Canada starts targeting Doctors and Nurses from 2023 draw

Also Read: CRS score drops below 500 for the first time in 2 years


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