New immigrants in Canada are earning more money. Heres who makes the most
- 2022-01-08 22:52:42
Out of all immigrant worker categories, those who have both work and study experience before admission into Canada had the highest median wage a year after entry. Those who arrived in Canada in 2018 achieved a median wage of CA$44,600, an amount higher than the median wage of CA$38,800 among the Canadian-born population for that year - almost 15% more.
Newly minted permanent residents of Canada are earning more than their predecessors, according to a Statistics Canada study. The study has shown that the median pay for immigrants who became permanent residents earned a total of CA$31,900 in 2019, which is the highest amount recorded among all groups of immigrants since 1981.
Out of all immigrant worker categories, those who have both work and study experience before admission into Canada had the highest median wage a year after entry. Those who arrived in Canada in 2018 achieved a median wage of CA$44,600, an amount higher than the median wage of CA$38,800 among the Canadian-born population for that year - almost 15% more.
“Pre-admission experience in Canada, particularly work-related, plays an important role in lifting immigrants’ wages,” the report noted.
Work experience, in particular, helped immigrant salaries in the first year following arrival. Immigrants with no prior job experience had a median pay of CA$39,300 in 2019.
Immigrants with only study experience prior to landing had the lowest median pay, one year after the landing i.e., CA$15,100 in 2019, most likely because this group is younger on average than their peers.
Canada met its target of granting 401,000 foreigners permanent residency in 2021 by focusing its efforts on temporary residents already in the country.
Canada, which depends on immigration to drive its economy and support an aging population, saw new permanent residents falling over 45% to 185,000 in 2020, when borders were largely closed due to COVID-19.
A country wise break up of the figures of 2021 are not available, but going by past trends Indians are likely to constitute around 40% of this historic total.
The majority of the new 401,000 permanent residents - a figure reached for the first time in more than a century - were already in Canada on temporary status.
The Trudeau government is set to revise up next year's target of 411,000, a government source said.