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, defense spending, and productivity enhancement in the labor force. While immigration was not a primary focus, the budget includes measures that may assist newcomers, including those applying through the startup visa Canada program, 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.
Furthermore, in light of our previous article titled "Amid Rising Concerns, Trudeau Reassesses Immigration Strategies," which delves into the economic consequences of decreased temporary immigration, it's intriguing to consider how Budget 2024 may serve as a response to these challenges.
Furthermore, in light of our previous article titled "Amid Rising Concerns, Trudeau Reassesses Immigration Strategies," which delves into the economic consequences of decreased temporary immigration, it's intriguing to consider how Budget 2024 may serve as a response to these challenges.