IRCC plans to invest $4.5 billion for Canadian immigration in FY 2023-24

Highlights: In FY 2023-24, Canada will be investing $4.5 billion on immigration

• Canada to invest $4.5 billion on immigration in the FY 2023-24.
• $14.6 million were allotted to biometrics implementation to help expedite citizenship applications.
• $50.8 million will be used to expand the eligibility for travelers from low-risk countries.
• $123.2 million to be used for enhancing the number of French-speaking foreign workers outside Quebec.

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Budget 2023 on the Canadian immigration system

Canada has released its budget for the upcoming fiscal year 2023-24. The budget 2023 has committed an investment of $55 million towards the Canadian immigration system, which will be in addition to the $4.5 billion spending plans of the IRCC for 2023-24.

• $14.6 million will be used over five years in amortization for IRCC and the Royal Canadian Mounted Police to implement biometrics to help expedite citizenship applications.
• $50.8 million will be used over four years for travelers from low-risk countries to expand their eligibility for the Electronic Travel Authorization Program.
• $171.4 million over three years will be invested to extend the Canada-Ukraine Authorization for Emergency Travel.
• $123.2 million will be invested to boost Francophone immigration in Canada to recruit more French-speaking foreign workers outside Quebec.

Canada is one of the most stable economies in the G7, with a 126% job recovery rate. And the Canadian government is expecting the country to achieve its most substantial economic growth in 2023.

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