Finance Minister Chrystia Freeland presented the Government of Canada’s Economic and Fiscal Update to Parliament on the evening of December 14.
This update is the first revision of the government’s economic forecast since the release of the 2021 federal budget in April.
These types of announcements show Canadians where the government’s spending priorities are heading. For example, last year’s financial update called for increased spending on children’s benefits, and in the spring the government promised to set up child care at $ 10 a day.
Tax and budget updates often contain measures that directly and indirectly affect newcomers. Government policies on a variety of issues, including job creation, health care, education, infrastructure, child care and more, have an impact on everyone who lives in Canada, including including immigrants. Sometimes the measures to be taken are adapted to immigration, as was the case in the 2021 budget.
In his new speech, Freeland reviewed the policy measures the government was implementing to enable Canada to recover economically and socially from the pandemic. Freeland noted that “immigration is another important driver of economic growth and a competitive advantage for Canada. Our government is committed to welcoming 411,000 immigrants by 2022, the highest number in Canadian history. To help support this effort and reduce processing times for permanent and temporary residence and citizenship applications, we are investing $ 85 million in our immigration system.
This remark underlines that the Canadian government remains determined to achieve the ambitious goals set in the 2021-2023 immigration levels plan. In addition, Freeland alluded to the need to reduce processing times for immigration applications. The backlog of applications increased during the pandemic.
Earlier this year, Budget 2021 contained five important immigration commitments, some of which have already materialized, such as funding the Temporary Residence to Permanent Residence (TR to PR) pathway.
Budget 2021 also provided for the replacement of the outdated Global Case Management System (GCMS), which processes citizenship and immigration applications.
He also suggested that the government consider reforming Express Entry, giving the immigration minister more power to select applicants based on labor market needs, although more details are not yet available.
In addition, Budget 2021 announced additional spending for the Temporary Foreign Worker Program (TFWP). The additional funds would increase employer compliance inspections to prevent worker mistreatment and support vulnerable foreign workers by allowing them to obtain open work permits if mistreated by their Canadian employers.
Finally, Budget 2021 proposed additional spending for initiatives to improve employment outcomes for racialized newcomer women.
© CIC Nouvelles All rights reserved. Visit CanadaVisa.com to learn about your Canadian immigration options.