After the pandemic outbreak in 2019, Canada has intended to skyrocket its immigration target to revive economic backlogs through the Canadian business visa.
On February 14, 2022, it officially revolutionized immigration, refugees, and Canadian citizenship by increasing its population levels.
In 2021, Canada increased its population to nearly 405,000, a massive spike from previous years.
Marco Mendicino, the presenter of the immigration plan, stated that immigration is crucial for the speedy recovery of economic growth. He also pointed out that new immigrants have not only imparted their skills for business growth but also have become successful entrepreneurs themselves. Explore the best tv internet bundles available all over USA by calling us today.
So, there’s a crucial change for new PR applicants in Canada!
The new lifestyle of Canadian immigration
The 2022- 2024 immigration Levels Plan aims to increase the number of immigrants’ accommodations to become permanent residents.
The main motive is to accommodate 60% of the economic class to improve the Canadian economy.
So, under the Federal Business Class, a part of the Permanent Residency through Investment in Canada, the startup visa program was initiated for startup and self-employed visas.
Also, investment programs and residency by investment make spouses and children eligible to obtain permanent residence in Canada. Under an estimation, 1% of the total Canadian population welcomed in the years are immigrants.
Interestingly, it’s three times higher than the population welcomed by the US, which shows that the immigrants wholly drive the Canadian economy.
Is Canada able to meet its targets?
However, amidst such high aims, there are many backlogs in the immigrant applicants. For instance, in 2021, 1.8 million applications were not processed, which led to many programs’ pausing or slowing down.
In many cases, applicants had a wait time of 36 months to get their applications processed.
But in such drawbacks, IRCC is constantly committed to increasing the Canada permanent residency visa for 2022- 2024 applicants to 50%, with non-stop growth since its inauguration.
In short, these are the four key highlights of the Immigration Levels Plan:
- Canada aims to break historical records in accepting immigrants.
- Redefining the pandemic immigration policies.
- Constant workouts to shoot up the levels of families, refugees, and asylum seekers.
- Despite achieving targets, applicant backlogs exist.
Canada has seen many successful Canadian business visa applicants from Australia, China, Costa Rica, Egypt, India, Iran, South Africa, and Uruguay work across its industries.
Nevertheless, Canada assists them in funding, guidance, expertise, and opening their enterprise as a benefit.
The crux of the new immigration plan
- The focus is on the 2022 candidates.
- Less importance for FSW and CEC categories
- High priority accommodation for applicants applying via TR to PR Public Policy 2021
So, the top priority of new immigrants should be to probe into the nominee programs offered by the provinces they choose to accommodate themselves.
The trend gets passed on to the newest applicants in 2023.
Canada’s 2022- 2024 immigration division
Here are the various class division openings for Canada’s immigrants for you if you wish to apply for a Canada permanent residency visa/ Canadian business visa;
| Immigration Class
Division |
Years | ||
| 2022 | 2023 | 2024 | |
| Economic | 241,850 | 253,000 | 267,750 |
| Family | 105,000 | 109,500 | 113,000 |
| Refugee | 76,545 | 74,055 | 62,500 |
| Humanitarian | 8,250 | 10,500 | 7,750 |
| Total | 431,645 | 447,055 | 451,000 |
Eligibility for Canadian startup visas
- Need to know French or English with a CBL score of 5 in all the subjects.
- The candidate must complete at least one year of post-secondary education with a suitable remark from the institution.
- Must have self-sufficient funds to settle in Canada.
- A qualified business profile
- Must procure a commitment certificate and Letter of support from a designated entity.
- Pass the Canadian security and medical tests.
Settlement funds for a start up visa program
| Number of family members | Funds required |
| 1 | $12,960 |
| 2 | $16,135 |
| 3 | $19,836 |
| 4 | $24,083 |
| 5 | $27,315 |
| 6 | $30,806 |
| 7 | $34,299 |
| * Each additional family member | $3,492 |
Will Canada continue to increase its immigration levels?
Based on the immigration trends and its demographic realities, many reports say that Canada will continue to increase its demographic realities. Therefore, it remains a crucial part of the Nation’s healthy development.
Interestingly, after the 2019 pandemic, the awareness of the importance of immigration has increased. This is because of the low Canadian birth rate before COVID- 19.
If this situation continues, Canada has the last option to increase the tax rates for immigrants to support the Government and revive its economy.
At the Bottom- Line: PR & Startup 2022 status
Amidst many drawbacks to keeping the pace of the Canadian economy, the immigration levels plans are still a success sanctioning new immigrants every year. It has been a new hope for post-pandemic Canada.
The prime reason pointed out by Marco Mendicino is that the immigration plan will address critical labor shortages, making Canada gain a part in the global competitive stage.