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How will Budget 2024 impact Canadian immigration?

Finance Minister Chrystia Freeland has presented Canada’s 2024 federal Budget. This annual budget outlines the upcoming fiscal year’s spending, affecting all Canadians, including newcomers. Key points include a $53 billion new expenditure focusing on improving housing affordability, defence spending, and productivity enhancement in the labour force. While immigration was not a primary focus, measures may assist newcomers in finding affordable housing and employment. The government also pledged $50 million to the Foreign Credential Recognition Program, aiding skilled trades workers and the healthcare sector. The Budget highlights newcomers’ increasing income over time, surpassing the median Canadian income by 10% over a decade.

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