How economy gets benefitted through Canada immigration?
IMF has released a report regarding the productivity of Canadian immigrants which shows that immigrants make immense contribution to a host economy. It shows that Canada immigration benefits an economy by immigrants contributing more to the taxes through their incomes.
It’s important that for such contributions to be made the foreign immigrants are well integrated into the labor force. We need to understand what are the ways in which the foreign labor can be well integrated into the Canadian labor force?
The implementation of all these changes requires increase in government spending but is extremely beneficial for the growth of GDP.
As per the statistics released in this Canada immigration report, the wards of the Canadian immigrants perform better in studies than their Canadian counterparts.
This report also says that chances of owning a business are better among Canadian immigrants than the native population of this country.
Talking about the contribution of low skilled immigrants to Canada GDP, they contribute to those industries for which there is not sufficient local labor force. For example, immigrants with low skills become a part of the meat processing industry. Such immigrants can also provide domestic services to the Canadian natives.
In fact, there are marked diversities in the educational statistics among the children of Canadian immigrants and those of natives. The percentage of children among Canadian immigrants who are able to complete high school is 91.6% whereas that of Canadian natives is 88.8%. The difference in percentages of those being able to complete university education among Canadian immigrants is 35.9% whereas this percentage is only 24.4% among Canadian born natives.
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ABOUT THE AUTHOR
Nancy Damon is a freelance author and consultant on issues like Canada immigration.