๐A recent report commissioned by the Office of the Parliamentary Budget Officer in Canada reveals a notable trendโnewly-arrived immigrants are experiencing faster income growth compared to other Canadian residents. Between 2014 and 2018, their relative income increased from 55% to 78% of the overall Canadian tax filers. Immigrants from Asian countries, particularly India, the Philippines, and China, displayed the most significant progress, especially those with higher education securing lucrative positions. The report attributes this phenomenon to strong family networks, the ability to work temporarily before obtaining permanent residency, and the increasing trend of immigrants settling in provinces like Ontario and British Columbia with substantial immigrant communities.โ
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