Why Should You Care About International Students?

Many of you have likely seen articles about the recent changes made by Immigration, Refugees and Citizenship Canada (IRCC) regarding international education. With the constant flow of information, it might be easy to skim past these updates, assuming they don’t directly affect you. However, I encourage you to pay closer attention—these changes will impact your business, our society, and the broader economy in significant ways.

International students play a crucial role in Canada's economy, contributing billions of dollars annually while enriching the workforce, academic institutions, and cultural landscape. Their influence extends beyond tuition fees, affecting multiple sectors and driving long-term economic growth.

Why This Matters to You

Economic Contributions 

International students contribute over $37 billion to Canada’s economy each year. Their spending on tuition, housing, food, transportation, and other necessities supports local businesses and generates thousands of jobs. Educational institutions, many of which rely on international tuition fees, also benefit significantly—using these funds to enhance facilities, expand programs, and maintain financial stability.

In British Columbia alone, 186,886 international students contributed approximately $7.5 billion to the province’s economy in 2022. This spending supported nearly 80,000 jobs and added approximately $5.7 billion to B.C.'s Gross Domestic Product (GDP).

Workforce and Labor Market Impact 

International students don’t just study—they work. Many hold part-time jobs while completing their education and later transition into the workforce through programs like the Post-Graduation Work Permit (PGWP). This helps address labor shortages in key industries such as hospitality, construction, healthcare, technology, and engineering. By staying and working in Canada, these students contribute to the tax system and strengthen the country's workforce.

Innovation and Global Competitiveness 

Diversity fuels innovation. International students bring fresh perspectives, ideas, and skills that enhance Canada's research output and global competitiveness. Many go on to launch businesses, drive entrepreneurship, and foster international trade relationships, further integrating Canada into the global economy.

Conclusion 

International students are not just learners; they are essential contributors to Canada's economic growth and prosperity. Their presence supports industries, creates jobs, and enhances cultural diversity—solidifying Canada’s reputation as a leading destination for global talent.

When engaging with your elected officials, keep this in mind. If you haven't yet noticed an impact on your business, you likely will in the coming years. We have the power to influence policies by communicating the critical role international students play in our economy. Together, we can ensure that Canada remains a welcoming and competitive destination for top global talent.