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Aging Population Requires Immigration Backfill: Canada’s Demographics Outlook to 2045 The Conference Board of Canada, 17 pages, November 23, 2021 Issue Briefing

Aging Population Requires Immigration Backfill: Canada’s Demographics Outlook to 2045

The Conference Board of Canada, 17 pages, November 23, 2021
Issue Briefing

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This annual economic forecast presents Canada's long-term demographics outlook. Document Highlights The aging baby-boomer cohort is exiting the workforce. Canadians 65 and older made up 18 per cent of the population in 2020. That share will hit 22.3 per cent in 2035, then ease to 21.5 per cent in 2045. Deaths will rise faster than births and will outnumber them by 2032. Thereafter, population growth will come entirely from immigration. Canada’s population will approach 47 million by 2045. Data show that recent immigrants tend to be well-educated, industrious, and culturally diverse. Table of Contents Key Findings Overview Okay Boomers, Your Influence is Fading Generation Description Time Waits for No One Components of Population Growth A Peek at Higher Immigration Methodology

This annual economic forecast presents Canada's long-term demographics outlook.

Document Highlights

The aging baby-boomer cohort is exiting the workforce.
Canadians 65 and older made up 18 per cent of the population in 2020. That share will hit 22.3 per cent in 2035, then ease to 21.5 per cent in 2045.
Deaths will rise faster than births and will outnumber them by 2032. Thereafter, population growth will come entirely from immigration.
Canada’s population will approach 47 million by 2045.
Data show that recent immigrants tend to be well-educated, industrious, and culturally diverse.

Key Findings
Overview
Okay Boomers, Your Influence is Fading
Generation Description
Time Waits for No One
Components of Population Growth
A Peek at Higher Immigration
Methodology

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