Search results
Results from the WOW.Com Content Network
The economic impact of immigration is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP [1] [2] and 2) higher immigration levels decrease GDP per capita or living standards for the resident population [3] [4] [5] and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities ...
The Trudeau government announced substantial reductions to immigration targets in 2024, including a nearly 20% decrease in permanent residency grants and significant restrictions on visa workers and international students. These changes represented a marked shift from the previous "study, work and stay" approach that had characterized Canadian ...
TORONTO (Reuters) -Canada's immigration cuts, meant to ease strained housing and social services, could hurt the country's labor pool, some industry groups said on Thursday. While Canada has long ...
Nov. 30—Sen. Charles E. Schumer and a Western New York Representative are pushing for Canada to close a loophole in their immigration laws that's leading to long lines at northern border crossings.
The number of temporary residents, meanwhile, will decrease by about 30,000 to around 300,000 in 2025, the source said. Canada to cut immigration numbers, government source says Skip to main content
Economic impact of Immigration on Canada is a divisive topic. [citation needed] Two main narratives exist on this matter, [citation needed] one is based on an educated prediction that higher immigration rates increases the size of the economy (GDP) for government spending, [18] and the other is based on studies that it decreases living standards (GDP per capita) for the resident population.
The government says it "didn't get the balance quite right" when it bolstered immigration to address labour shortages. Trudeau announces sharp cuts to Canada's immigration targets Skip to main content
So, for example, if a province's economy booms and the provincial government's potential income tax revenues increase, equalization payments decrease. Economist Michael Smart has argued that this gives have-not provinces an incentive to raise taxes, because any harm higher taxes do to the economy is off-set by higher equalization payments. [ 31 ]