This report will discuss how immigration can assist the Canadian economy to fill labour gaps more efficiently and effectively. The future of Canada's economic growth lies with a productive immigration policy that will attract the foreign individuals needed to fill our skilled worker gaps.
For many years, the governing bodies of Canada have been aware that the labour force in Canada would diminish to a point where it could no longer effectively supply enough skilled workers to meet the countries needs due to a decreased birth rate and high levels of people leaving the workforce.
There have also been many discussions covering future labour shortages, including particular concern for the shortage of necessary trade's people …show more content…
An immigration policy was instigated that invited foreign people with various skills and trades together with foreign people who were interested in investing in Canada's future, the opportunity to live and prosper in our country. However this policy needs to be revised to give applicants, with the necessary skills, priority over those with no marketable skills or knowledge of a least one of our official languages.
Thesis Statement
To ensure Canada's future economic growth a productive immigration policy, which is focused on attracting skilled foreign workers, is crucial to ensure labour shortages are minimized.
Background …show more content…
This program targets individuals who have an entrepreneurially focus and involves the immigrating individual to meet certain criteria which includes:
1. The individual must have a net worth of $800,000 (Investor)
2. They must invest $400,000, interest free, which is used for economic development and job creation by provincial and territorial government for a minimum of five years.
3. Within 2 years of arrival must hold at least one-third of the equity of a Canadian business, be actively involved in management of business, and employ at least one Canadian citizen or permanent resident.
4. They must be able to prove sustainability while settling after arrival and prove that they will be able to support their family.
5. They must collect 35 points in the point system instead of 67
6. They must have minimum 2 years business and capital management