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”.
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.
U.S.A. Extending Ban on Green Cards and Non-Immigrant Visas Also Affected
June 23, 2020
On Monday, June 22, 2020, the Trump administration announced that it was extending a ban on Green Cards issued outside the United States until the end of the year and adding many temporary work visas to the freeze, including those used heavily by technology companies and multinational corporations.
The policy behind the freeze is to free up jobs in the American economy which has suffered because of COVID-19. It is estimated that the restrictions will free up to 525,000 jobs for Americans.
The ban, while temporary, would amount to major restructuring of legal immigration if made permanent. Long-term changes targeting high-tech workers are also being sought.
The ban on new visas also applies to H-1B visas, which are widely used by major American and Indian technology company workers and their families, H-2B visas for non-agricultural seasonal workers, J-1 visas for cultural exchanges and L-1 visas for managers and other key employees of multinational corporations.
By contrast, Canada plans on welcoming 341,000 new permanent residents in 2020, 351,000 in 2021, and 361,000 in 2022 while reducing application processing times and improving service delivery and client services at Immigration, Refugees and Citizenship Canada, notwithstanding COVID-19.
For those who are/were considering American Immigration, Canada may be a more viable and attractive option right now, especially considering the current uncertainty surrounding U.S. Immigration and all of the political chaos and unrest in the United States.
Canada Remains Open to Immigration while U.S. Threatens to Suspend Immigration
April 21, 2020
On Monday, April 20, 2020, U.S. President Donald Trump said that he will sign an executive order temporarily suspending Immigration to the United States as the nation battles the health and economic effects of the COVID-19 pandemic.
In a tweet sent out late Monday night, President Trump wrote: “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!”
By contrast, Canada continues to welcome immigrants, notwithstanding COVID-19. As was mentioned in our blog of March 13, 2020, on Thursday, March 12, 2020, The Honourable Marco E.L. Mendicino, Minister of Immigration, Refugees and Citizenship Canada (IRCC), tabled the 2020‒2022 Immigration Levels Plan in the Canadian House of Commons. Canada plans on welcoming 341,000 new permanent residents in 2020, 351,000 in 2021, and 361,000 in 2022 while reducing application processing times and improving service delivery and client services at IRCC.
Of those who will become permanent residents of Canada over the next few years, in 2020, 88,500 to 100,000 immigrants will be Express Entry applicants; in 2021, 89,300 to 100,000 immigrants will be Express Entry applicants; and, in 2022, 88,800 to 100,600 immigrants will be Express Entry applicants.
To quote the Minister: “Our immigration system benefits all Canadians by strengthening the middle class, keeping families together and building strong and inclusive communities. This increase in immigration levels supports a system that will help Canadian business create good middle class jobs and grow the economy while ensuring Canada continues to meet its humanitarian obligations around the world.”
Furthermore, as was mentioned in our blog of March 18, 2020, on Sunday, March 15, 2020, IRCC released new instructions for those affected by COVID-19. Like other countries, Canada is working diligently to halt the spread of the virus; however, IRCC is adopting new policies and procedures to minimize any disruption to Immigration processing and to help applicants who are affected in any way by COVID-19. Most importantly, IRCC confirmed that the intake of new Permanent Residence Applications will continue.
For those who are/were considering American Immigration, Canada may be a more viable and attractive option right now, especially considering the current uncertainty surrounding U.S. Immigration and all of the political chaos in the United States.