Recently, the welfare state of Canada has officially announced a favorable policy. The Canada Child Benefit has increased again, which is undoubtedly great news for families with children. The Canada Child Tax Benefit (CCTB) is a free benefit provided by the government for children under the age of 18. The first money received by children is referred to as the "child benefit," which is distributed monthly to each child based on family income. After this adjustment, each child under the age of 6 can receive up to CAD 7,437, and each child aged 6 to 17 can receive up to CAD 6,275.
Every July, the Canadian government calculates benefits based on the previous year's net family income. According to the government's statement, the child benefit is completely tax-free, and the amount distributed will be adjusted based on family income, number of children, parents' ages, and marital status. The principle of this government initiative is to provide support for low- and middle-income families with children.
Canada is a very livable country, especially for families with children, as there are various welfare allowances from the moment a child is born, which alleviates parenting pressure to some extent. In recent years, many Chinese parents have chosen Canada as one of their preferred immigration destinations for their children's education. Canada not only has a comprehensive education system and values education, but also has a high ratio of per capita education funding, and it has extremely strict and comprehensive laws protecting children, as well as very favorable policies regarding child welfare.
In addition to distributing child benefits, Canada will also provide multiple welfare programs this July, such as grocery subsidies, Goods and Services Tax/Harmonized Sales Tax (GST/HST) rebates, Climate Action Incentive Payments (CAIP), and the Canada Pension Plan, among others.
As is well known, Canada, as a traditional immigration country, has always attracted numerous investors to immigrate and settle here due to its superior social welfare, high quality of life, strong social inclusiveness, and leading education quality. Canada's welfare system is comprehensive, truly realizing the principle of "the elderly are cared for, the sick are treated, and the young are nurtured."
Canada has always welcomed new immigrants with open arms. According to the immigration levels plan released by the Canadian Ministry of Immigration, in the next three years, Canada will accept 1.45 million new immigrants. Among them, the plan for 2023 is to accept 465,000 permanent residents, for 2024 it is 485,000 permanent residents, and for 2025 it is 500,000 permanent residents.
The addition of new immigrants is no longer a "plan" for the Canadian Ministry of Immigration, but has become a "task" for the ministry. The Canadian Ministry of Immigration continues to introduce various favorable immigration policies aimed at attracting more individuals to immigrate to Canada. In recent years, the number of applicants for Canadian immigration has been increasing, among which Saskatchewan, one of the Prairie Provinces, has attracted many applicants with its lenient immigration policies and unique advantages.
On July 6, 2023, local time, the Saskatchewan Immigration Office conducted the fourth selection for the Entrepreneur Immigration category in 2023, with 35 individuals selected, all applicants scoring 105 points and above were invited. In this selection, the minimum score for invitees was 105 points, the maximum score was 125 points, and the average score was 110 points. In each selection, with the help of the professional team at WorldWay, clients have successfully been selected. This once again proves the professionalism and strength of WorldWay.
The Saskatchewan Entrepreneur Immigration program is the only program that allows immigration to Canada without language requirements. This selection saw an increase of 5 points compared to the last selection, and the number of selected individuals was smaller, resulting in higher scores. This reflects that the number of individuals entering the pool is continuously increasing, and low-score selections are fleeting. It serves as a reminder for interested applicants to act quickly, enter the pool as soon as possible, and receive invitations early. There are two more selections in the second half of the year, scheduled for September 7, 2023, and November 2, 2023.
As one of the top 500 Asian brands and with over 20 years of focus on investment immigration, WorldWay Group has a powerful project analysis team, a professional documentation team, and a comprehensive customer service team. We collaborate with many reputable institutions in Canada to provide investors with professional, comprehensive, and diversified services, making us a worthy choice!
For more details about Canadian immigration, please send us a private message in the comments section or call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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