Previously published on Lawyers Daily- October 12, 2017
The Conference Board of Canada, in its latest report on immigration, advocates a 50 per cent increase in annual immigration levels to 450,000 a year. It comes as the federal government is on the verge of deciding how many immigrants will be accepted over the next several years. Ottawa is well advised to exercise caution with the theoretical assumptions raised in this report.
The Oct. 2 report, titled "450,000 Immigrants Annually? Integration is Imperative to Growth," establishes three scenarios based on three different immigration levels as a percentage of Canada's population: 0.82 per cent (the current level was set at 300,000 for 2017), one per cent and 1.11 per cent.
It then attempts to estimate how these levels will affect different demographic factors between now and 2040: population, the number of elderly, the ratio of workers to retirees, GDP, GDP per capita and the incremental cost increase of health care an aging population will bring. It boldly asserts that choosing the highest figure of 450,000 would greatly help Canada meet its economic and financial obligations in the years ahead.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer