There is a rise in Canada’s immigration rate that is a rise in entry of immigrants to 415,000 by 2030 which would set off the aging population and prompt economy, as per Conference Board of Canada. Immigration rate would be increased to one percent of Canada’s total population by 2030 which will help set off all the challenges caused by aging population and will also help to contribute to its economic growth.

The increasing immigration rate of Canada to 1% by the early 2030s will allow the country to reproduce its population of recent decades and will also support the labor market and economy for the long term as per the report produced by Conference Board’s National Immigration Centre. Last year in November, the federal government of Canada announced new immigration plans which will see admissions ramp up to 340,000 from all immigration programs by 2020.

Canada’s labour force would shrink without immigration. And would lead to slowing down the estimated average annual real GDP rate to 1.3 percent by 2040 that in turn will increase tax rates as the number of taxpayers will be declined. Few taxpayers’ means, the living standards will be affected and will threaten the ability of Canada and its provinces to cover the vital cost of public services for aging population, majorly the health care.

The report says, immigration already plays an important role for Canada, accounting for all labour force growth and for nearly three-quarters of its annual population growth.

The Conference Board (Canada) has already projected that immigration will lead to 100 percent of country’s annual population growth by 2034, this means when natural population increase (births minus deaths) will be expected to drop below zero.

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