New immigrant opportunities in Canada due to retiring boomers
Canada, 16th June: Canada is welcoming an increased number of immigrants in recent years thanks to growing number of retiring boomers.
According to official figures by Immigration Canada, around 40,000 immigrants are coming to Canada from India.
In addition, immigrants having roots in India are immigrating to Canada from other nations. This is especially due to higher number of baby boomers reaching retirement age in recent years, official Statistics Canada figures reveal.
One-third Canadians are baby boomers--Baby boomers include those nearing 65 years in Canada. Official data shows baby boomers in Canada account for around one-third of the total population of the nation. Moreover, around 50 percent of working population of Canada includes baby boomers.
So, this increasing percentage of baby boomers is creating higher immigration opportunities in Canada.
Nearly 750,000 Canadians running businesses in Canada will reach retirement age by the year 2020 and around 500,000 Canadians running small businesses will retire in the coming five years. This means higher Canada immigration opportunities for immigrants especially from India to come and run businesses here.
Higher number of immigrant investors from India—According to latest data, a large number of immigrants coming to Canada from India immigrate with the aim of setting up businesses in Canada. This is especially noticeable considering the fact that a large number of Indians having huge savings are ready to invest in Canada.
Meanwhile, around almost a decade back, a common trend among Indians coming to Canada was to work as engineers or other related jobs here.
And the scenario witnessed around three decades ago was to work as taxi drivers in Canada.
Majority of immigrants possess higher education levels--This changing concept among Indians immigrating to Canada is due to higher education levels. Majority of immigrants from India coming to Canada are immigrating under the points-based Canada immigration program.
A higher percentage of immigrants coming to Canada hold post-graduate degrees in fields like engineering, medicine, law, or other such highly-specialized sectors.
Apart from higher education levels among immigrants moving to Canada in the recent years, another significant difference is having proficiency in linguistic skills along with several years of experience in running businesses in India.
Good knowledge of systems and workings of operating MNCs (multinational companies) is another advantage found in recent Canadian immigrants with Indian origin.