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Canada’s 2025 budget and immigration levels plan
On 4 November 2025, the Government of Canada released the 2025 Federal Budget and the Immigration Levels Plan for 2026 to 2028. This plan builds on the strategy introduced in 2024 to reduce temporary resident admissions and maintain permanent resident targets at lower levels, citing pressures on housing, infrastructure, and public services.
A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.