Last updated: October 4, 2019
Immigration and Refugee Protection Act defines economic immigration under article 12(2): “A foreign national may be selected as a member of the economic class on the basis of their ability to become economically established in Canada.” Having the potential for contributing to Canada economically is the most important consideration of this class and evident in all programs under the economic category.
According to the data gathered in 2016 Census, 53% of all immigrants who come to Canada, come through the immigration programs for economic classes. This percentage accounts for roughly 150,000 immigrants every year, including the principal applicants and their dependents.
A foreign national may be selected as a member of the economic class on the basis of their ability to become economically established in Canada.
There are currently nine federal economic immigration programs, excluding Quebec:
- Federal skilled workers (FSW)
- Canadian experience class (CEC)
- Federal skilled trades (FST)
- Start-up business class
- Self-employed persons class
- Provincial nominees
- Immigrant Investor Venture Capital class
- Atlantic Immigration Pilot Programs
- Caregiver classes