Economic outlook says Canada among leaders in post-pandemic recovery
June 25, 2021
In a recent economic outlook report co-authored by Bank of Canada Governor David Dodge, Canada’s economy is projected to strongly rebound this year as COVID-19 vaccination rates rise and things return to more pre-pandemic conditions, with growth easing slowly between now and the end of 2023.
Dodge says that he expects growth to accelerate in the second half of 2021, with real GDP growing 5.5 per cent between the fourth quarter of 2020 and the fourth quarter of 2021. For 2022, the outlook is for 2.6 per cent during 2022 and 1. 9 per cent during 2023.
Economic output should return to its pre-pandemic level by the third quarter of 2021 and back to its pre-pandemic trend level by the end of 2022.
With all of this having been said and Canada’s economy on the rebound, now is an excellent time to consider immigrating to Canada. If you have not already had your eligibility to immigrate to Canada assessed free of charge by Abrams & Krochak, you may do so by visiting https://www.akcanada.com/assessment1.php. If you have already had your eligibility to immigrate to Canada favourably assessed by Abrams & Krochak and wish to proceed with your proposed Canadian Immigration plans, follow the instructions at the bottom of the favourable eligibility assessment that you received, via e-mail, from the firm or send a message to email@example.com.
Canada plans to bring in more than 1.2 Million immigrants in next 3 years
October 30, 2020
The Honourable Marco Mendicino, Minister of Immigration, Refugees and Citizenship, tabled the 2021‒2023 Immigration Levels Plan, today.
The 2021 to 2023 Levels Plan aims to continue welcoming immigrants at a rate of about 1% of the population of Canada, including 401,000 permanent residents in 2021, 411,000 in 2022 and 421,000 in 2023. Of those, the following are the number of immigrants that will be admitted under the Express Entry system (the system used to process Immigration Applications of Federal Skilled Worker/Federal Skilled Trades/Canadian Experience Class applicants):
Highlights of the plan include
- an increase in admissions over the 3 years of the Plan
- a focus on economic growth, with about 60% of admissions to come from the Economic Class
- a continued focus on innovative and community-driven approaches to address diverse labour and demographic needs across the country
- additional points for French-speaking candidates under Express Entry, to promote the growth of Francophone communities outside of Quebec
According to the Minister, “[t]he 2021–2023 Immigration Levels Plan will help cement Canada’s place among the world’s top destinations for talent, creating a strong foundation for economic growth while reuniting family members with their loved ones and fulfilling Canada’s humanitarian commitments”.
Additional Express Entry CRS Points for French Speakers
October 27, 2020
To increase the number of French speakers residing in Canada outside of Quebec, the Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, announced today that French-speaking and bilingual candidates will receive additional Comprehensive Ranking System (CRS) points under the Express Entry system.
The change announced today will see the current number of points increase from 15 to 25 for French-speaking candidates and from 30 to 50 for bilingual candidates. The increase in points will obviously improve the chances of French-speaking and bilingual Express Entry applicants receiving an Invitation to Apply for Permanent Residence in Canada.
If you are a French speaker or you are bilingual and wish to have your eligibility to immigrate to Canada under the Express Entry System assessed by our firm at no charge to you, please visit https://www.akcanada.com/assessment1.php. Likewise, if you are a French speaker or you are bilingual and you have already had your eligibility to immigrate to Canada under the Express Entry System assessed by our firm and wish to proceed with your proposed Canadian Immigration plans, please send us an e-mail or contact us, via our website, at https://www.akcanada.com/contact.php.
Parent/Grandparent Sponsorship Program to Reopen on October 13, 2020
October 5, 2020
Today, the Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship Canada (IRCC) announced details for the opening of the 2020 Parent and Grandparent Sponsorship Program (PGP).
Over a 3-week period, from 12 noon Eastern Daylight Time on October 13, 2020, to 12 noon Eastern Standard Time on November 3, 2020, Canadian citizens and permanent residents who wish to sponsor their parents and grandparents to come to Canada will have an opportunity to submit an interest to sponsor form online.
From those who submit an interest to sponsor form online, IRCC will randomly select potential sponsors and send them an invitation to submit an Application. Selected applicants will have 60 days to submit their Application. A maximum of 10,000 Applications will be accepted for processing as part of the 2020 PGP intake. In 2021, IRCC will open a new intake of interest to sponsor forms to accept a total of 30,000 new Applications.
Given that many sponsors may have been financially impacted by the COVID-19 pandemic, IRCC is introducing a temporary public policy that will reduce the income requirement for the 2020 tax year to the minimum necessary income, instead of the minimum necessary income plus 30%.
If you are an existing PGP client of Abrams & Krochak and you require more information regarding today’s announcement, please send an e-mail to firstname.lastname@example.org with your name and file number. If you are not yet a PGP client of Abrams & Krochak, but you are interested in sponsoring a parent or grandparent to immigrate to Canada with Abrams & Krochak’s assistance, please complete our Parent/Grandparent Sponsorship Online Eligibility Assessment Questionnaire at https://www.akcanada.com/assessment4.php and you will receive our assessment within one (1) business day.
Canada to Speed Up Spousal Sponsorship Application Processing
September 24, 2020
On September 24, 2020, the Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship (IRCC), announced that the Government of Canada would be taking action to speed up the processing of Spousal Sponsorship Applications.
IRCC has increased the number of decision makers on Spousal Sponsorship Applications in Canada by 66%, to process these applications more quickly and reduce couples’ wait times.
With these initiatives, IRCC aims to accelerate, prioritize and finalize approximately 6,000 applications each month from October until December 2020. Combined with processing to date, this rate will lead to about 49,000 decisions by the end of this year.