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To meet these challenges, it is necessary to update and improve Canada’s immigration policies. The Government of Canada should take four specific actions to boost economic growth and prosperity for all Canadians:
Annual 1. Increase permanent economic immigration from 300 000 to 450 000 people over five years (which will mean an increase of about 75 000 principal applicants and 75 000 of their relatives) to expand growth of the workforce and to counter the drag caused by the slower growth of the population and its aging.
2. Facilitating the entry of experienced talent and specialized streamlining permanent entry and temporary programs to make them faster and less costly for employers, which help give innovative companies and high growth capacity and skills management they need to expand their business and compete globally.
3. Rethinking assignments Express Entry points to make eligible a greater number of foreign students who conduct their studies in Canada for permanent residence to enable companies to tap into a young and educated talent pool that is already integrated.
4. Improve national accreditation standards to create conditions that will allow all immigrants to Canada to realize their economic potential for the benefit of all Canadians.
These recommendations, although they will reduce the current dragged on growth resulting from the aging population and specialized talent gaps, form only part of the solution. For immigration compensates fully the implications of this impending economic pressure for Canada, the annual permanent economic immigration to almost double from its current level of about 300,000 per year – which is increasing much more drastic than the 50% increase recommended in this document3. Moreover, immigration can not and should not solve all the talent shortages. Fast-growing companies may have no other alternative, given the immediacy of their talent needs, but longer-term governments and employers should ensure that Canadian training and education programs are responsive to the emerging needs of the labor market. [googletranslate_en]