Income levels of Canada immigrants depend on immigration program
Canada, 28th January: Want to immigrate to Canada to earn big bucks? Take care to choose a suitable immigration program.
As per the recent report by Statistics Canada, income of newcomers coming to Canada is directly dependent on the immigration program chosen by the immigrants.
Immigrants’ income depends on immigration program—The report recently unleashed by Statistics Canada clearly shows that immigrants’ income in Canada has a close and a direct relation with the choice of immigration program by immigrants.
The report has compared income of immigrants coming to Canada between the years 1986 and 2010. And it found huge differences between immigrants’ income coming under different Canada immigrant programs. Moreover, differences also exist among income levels of immigrants to Canada depending on the nation of origin as well as the date of their arrival in Canada.
Increased span of Canada permanent residency leads to rising income—An important point worth notable here is that the duration of immigrants’ status of Canada permanent residency has a significant role in influencing their income in Canada. The report clearly mentions that with increase in Canada permanent residence status of any immigrant, his or her income witnesses an increase.
An important clue revealed by a recent Statistics Canada report is that immigrants’ income seem to increase with their increased time as a Canada permanent resident.
To make things clearer, the report maintains that the average income of those coming to Canada in 2010 was $19,548.
And the longest stay in Canada since the year 2006 shows to give immigrants an advantage of nearly fifty percent in terms of average income earned in Canada. The average income of such immigrants was $29,151.
FSWC immigrants enjoy long-term success—Another interesting fact brought forth by the recent report is that those coming to Canada under PNP immigration program are able to enjoy early success economically after Canada immigration.
Immigrants under PNP immigration category earn almost double the income of other immigrants in their first year of gaining Canada permanent residency.
Meanwhile, those coming to Canada under Canada’s Federal Skilled Worker Class(FSWC) seem to earn relatively higher than immigrants to Canada under business immigration categories. This is evident from the trends related to seven years after arrival in Canada.
So, the FSWC immigrants get a long-term income advantage over other immigration categories.