As a country that’s only 157 years old, Canada has been shaped by immigrants—those who have brought their cultures, traditions, and talents to create a diverse, thriving society. Today, more than ever, immigrants are crucial to Canada's economic growth and cultural development.
In 2022 alone, international students contributed $37.3 billion to the economy through tuition, rent, food, and daily expenses. Their spending supported over 361,000 jobs and generated $7.4 billion in tax revenue. Immigrants, including students, help drive growth in key sectors like housing and education, fostering vibrant communities across the country.
Canada’s future hinges on its ability to continue welcoming and integrating immigrants, who not only boost the economy but also enhance the cultural fabric that makes this country so unique.
As we look forward, immigrants will remain at the heart of Canada’s story—a story of inclusion, prosperity, and shared success. 🇨🇦🌟
Immigration, particularly through international students and economic immigrants, plays a significant role in boosting Canada's GDP by contributing across various sectors.
Economic Impact Breakdown (2022-2023):
College Tuition: In 2022, international students in post-secondary education contributed an average of $42,800 per student, including tuition, living costs, and other expenses. With over 800,000 international students in Canada, their total spending in 2022 amounted to $37.3 billion. This spending covers tuition, fees, accommodation, and day-to-day living expenses, with the majority of spending occurring in provinces like Ontario and British Columbia.
Rent Payments: Immigrants, including students, contribute heavily to the rental market. In cities like Toronto and Vancouver, a large portion of their spending goes toward accommodation, fueling growth in the real estate sector. Rent inflation has been high, partly due to the increased demand from newcomers. In 2022, a significant portion of the $37.3 billion spent by international students went to rent payments.
Food and Other Expenses: Day-to-day expenses like food, transportation, and discretionary spending (e.g., entertainment) are also crucial. International students typically spend an additional $12,000 to $15,000 annually on these categories.
Overall, immigrants contribute to $37.3 billion of the GDP in 2022 through their direct and indirect spending. This contribution includes education services, housing, food, and other essential sectors
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