MYTH: We don’t need immigrants FACT: Canada will need 350,000 immigrants annually by 2035 to meet i
We Canadians pride ourselves about Canada's multiculturalism. A recent study, however, reveals that we aren't as tolerant of immigrants as we like to think. According to the study, 1 in 5 want to end immigration. Here are a few facts why that would be a wrong move and dispel the myth that 'we don't need immigrants.
The aging of Canada’s population and declining fertility rate will continue to have a significant impact on our economy.
5,000,000 Canadians set to retire by 2035
In 1971 there were 6.6 people of working age for each senior; in 2012 the ratio decreased to 4.2 to 1. Projections show this ratio will be 2 to 1 by 2036.
Canada’s fertility rate at 1.6 is below Canada’s replacement rate of 2.1
Immigrants today make up 75% of Canada’s population growth. Almost 100% of Canada’s net population growth will be through immigration by 2035.
The aging of our population and a declining fertility rate will continue to have a significant impact on our economy. In 1971, there were 6.6 people of working age for each senior. By 2012, the worker-to-retiree ratio had dropped to 4.2 to 1, and projections put the ratio at 2 to 1 by 2036, at which time five million Canadians are set to retire. This means, there will be fewer people working to support retirees. Canada will also need 350,000 immigrants annually by 2035 to meet its workforce needs. Immigration will help this demographic challenge, keep our economy growing, and maintain our commitments for healthcare, public pensions, and social programs.
Stat source- IRCC and Conference Board of Canada