--- title: "Canada in 5: Permanent Residence - Prepare for 2024 Fee Increases" description: "Canada's 2024 permanent residence fee hikes: Understand the changes and plan your budget for skilled worker, family, and business immigration programs." image: https://admis.ca/hubfs/Permanent%20Residence%20in%20Canada%20-%20Prepare%20for%202024%20Fee%20Increases.jpeg --- [![AskAïa](https://askaia.ca/hubfs/logo-askaia/askaia_logo-1.svg "AskAïa")](https://askaia.ca/?hsLang=en) [![AskAïa](https://askaia.ca/hubfs/logo-askaia/askaia_logo-1.svg "AskAïa")](https://askaia.ca/?hsLang=en) - [About](https://askaia.ca/en/about-us) - HR Solutions - [Aïa Comply](https://askaia.ca/en/aia-comply) - [Aïa Guide](https://askaia.ca/en/aia-guide) - [Aïa Permits](https://askaia.ca/en/aia-permits) - [Aïa Services](https://askaia.ca/en/aia-professional-services) - English - [Français](https://askaia.ca/fr/blogue/canada-in-5-residence-permanente-preparez-vous-augmentation-des-frais-en-2024) [Log In](https://app.askaia.ca/login) Book a Demo Book a Demo Book a Demo - [About](https://askaia.ca/en/about-us) - HR Solutions - [Aïa Comply](https://askaia.ca/en/aia-comply) - [Aïa Guide](https://askaia.ca/en/aia-guide) - [Aïa Permits](https://askaia.ca/en/aia-permits) - [Aïa Services](https://askaia.ca/en/aia-professional-services) [Login](https://app.askaia.ca/login) Visa Questions?Ask Aïa Book a Demo # Canada in 5: Permanent Residence - Prepare for 2024 Fee Increases [![Editorial Team](https://askaia.ca/hs-fs/hubfs/logo-askaia/ASKAIA-picto-01.png?width=40&height=40&name=ASKAIA-picto-01.png)](https://askaia.ca/blog/author/team) by [Editorial Team Meet AskAïa’s editorial team: experts in global mobility and compliance, blending first-hand immigration experience with sharp insights.](https://askaia.ca/blog/author/team) 2 min read 4/21/24, 7:12 AM Updated : Jan 28, 2025 ![Canada in 5: Permanent Residence - Prepare for 2024 Fee Increases](https://admis.ca/hubfs/Permanent%20Residence%20in%20Canada%20-%20Prepare%20for%202024%20Fee%20Increases.jpeg) #### As Canada updates its permanent residence application fees on April 30, 2024, it's crucial for aspiring immigrants to understand the changes and plan accordingly. Discover how these fee increases will affect your journey to permanent residence in Canada. ### [![Check Your Fastest Path to PR](https://hubspot-no-cache-na3-prod.s3.amazonaws.com/cta/default/44313412/c1ff9017-3710-47a4-9100-5d49e38a86db.png)](https://hubspot-cta-redirect-na3-prod.s3.amazonaws.com/cta/redirect/44313412/c1ff9017-3710-47a4-9100-5d49e38a86db) ### 1. Top Story: Canada's Immigration Fees Set to Rise on April 30, 2024 On April 30, 2024, [Immigration, Refugees and Citizenship Canada](https://www.canada.ca/en/immigration-refugees-citizenship/news/notices/increase-permanent-residence-fees-april-2024.html) (IRCC) will increase fees for all permanent residence applications as part of a regular update to manage rising program costs and keep pace with inflation. #### Key Takeaways - Skilled worker fees will rise from $869 CAD to $895 CAD. - Fees for accompanying family members will increase from $186 CAD to $192 CAD. - Fees for business immigrants (investors) will increase from $16,874 CAD to $17,380 CAD. #### Canada's Two-Year Immigration Fee Hike Cycle In 2020, IRCC announced that permanent residence fees would increase every two years to adjust for inflation. This policy was implemented after fees had remained unchanged since 2002. The upcoming 2024 fee hike is part of this regular update to ensure fees keep pace with the rising costs of delivering immigration programs and services. #### Are Canada's Immigration Fee Increases Outpacing Inflation? The immigration fee increases in Canada are outpacing inflation. For example, the fees for business immigrants (investors) are rising from $16,874 CAD to $17,380 CAD, a 3.04% increase. In comparison, [Canada's inflation rate over the past year was 2.9%](https://www.theglobeandmail.com/business/article-canada-inflation-rate-march-live-updates/). It's important to note that immigration fees have not increased since 2002, and the 2024 increase aims to account for inflation since then. #### What this means for immigrants The rising immigration fees will have a financial impact on those seeking permanent residence in Canada. Applicants will need to budget for these higher costs when planning their move. The fee increases are part of a transparent, predictable process that allows applicants to prepare for these expenses in advance. Despite the higher fees, Canada remains an attractive destination for immigrants due to its strong economy, high quality of life, and welcoming multicultural society. ### 2. Prince Edward Island's Focus: Need to Slow Immigration Amid Strained Services As Prince Edward Island's population growth puts pressure on healthcare and housing, calls are mounting for the provincial government [to ease immigration programs](https://www.cbc.ca/news/canada/prince-edward-island/pei-population-strategy-1.7068170), allowing services to catch up with the increasing demand. - P.E.I.'s population grew at an annual rate of 4%, reaching 175,853 as of Oct. 1, 2023. - The province has the tightest rental market in Canada, with an apartment vacancy rate below 1%. - Ottawa's allocation of permanent resident nominations to P.E.I. increased by 92% from 1,070 in 2018 to 2,050 in 2023. ### 3. Success Snapshot: Stan Bharti, From Punjab to Philanthropy Born and raised in Punjab, India, [Stan Bharti](https://en.wikipedia.org/wiki/Stan_Bharti)established himself in Canada as a businessman and entrepreneur, founding Forbes & Manhattan. He's known for his significant contributions to society and the greater good, including support for the Canadian Olympic 4×100 meter relay team​​. [![Find Out if You are Eligible for PR in Canada](https://hubspot-no-cache-na3-prod.s3.amazonaws.com/cta/default/44313412/c796a3a5-512d-47ae-90ba-0f28fdc39b21.png)](https://hubspot-cta-redirect-na3-prod.s3.amazonaws.com/cta/redirect/44313412/c796a3a5-512d-47ae-90ba-0f28fdc39b21) Topics: [Immigration News](https://askaia.ca/blog/tag/immigration-news) [Permanent Residence](https://askaia.ca/blog/tag/permanent-residence) [Express Entry](https://askaia.ca/blog/tag/express-entry) ![askaia-dahsboard-01](https://askaia.ca/hs-fs/hubfs/askaia-dahsboard-01.png?width=1746&height=959&name=askaia-dahsboard-01.png) #### Let’s get your demo started Book a demo Let’s get your demo started ## You May Also Like These Related Stories [Canada in 5:  New Immigration Pilot Welcomes Francophones](https://askaia.ca/blog/canada-in-5-new-immigration-pilot-welcomes-francophones?hsLang=en) ![Canada in 5:  New Immigration Pilot Welcomes Francophones](https://admis.ca/hubfs/Francophone%20Immigration%20Pilot%20Opens%20Doors%20to%20New%20Beginnings.jpg) [Immigration News](https://askaia.ca/blog/tag/immigration-news) ### Canada in 5:  New Immigration Pilot Welcomes Francophones This week, we explore Canada's new immigration pilots for Francophones, Manitoba's focus on family ties for retention, and Vahid and Azam's inspiring … 3/17/24, 7:45 AM Updated : Jan 28, 2025 2 min read [Canada Immigration Fees 2025: The Complete Guide to Budgeting & Saving](https://askaia.ca/blog/canada-immigration-fees-2025-the-complete-guide-to-budgeting-saving?hsLang=en) ![Canada Immigration Fees 2025: The Complete Guide to Budgeting & Saving](https://admis.ca/hubfs/Canada-Immigration-Fees-2025-The-Complete-Guide-to-Budgeting-Saving.jpg) [Permanent Residence](https://askaia.ca/blog/tag/permanent-residence) ### Canada Immigration Fees 2025: The Complete Guide to Budgeting & Saving Immigrating to Canada in 2025? Planning your budget is one of the most important steps in making your Canadian dream a reality. With updated immigrati … 12/13/24, 5:15 PM Updated : Jan 28, 2025 8 min read [Canada in 5: New Study Rules Transform International Education](https://askaia.ca/blog/new-study-rules-transform-international-education?hsLang=en) ![New Study Rules Transform International Education in Canada](https://admis.ca/hubfs/New%20Study%20Rules%20Transform%20International%20Education%20in%20Canada.jpg) [Immigration News](https://askaia.ca/blog/tag/immigration-news) ### Canada in 5: New Study Rules Transform International Education Canada updates its study rules, bringing more work flexibility and stricter requirements for international students. 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Powered by Admis Technologies Inc. - 5255 Avenue Decelles, Suite 5.200, Montreal, QC H3T 2B1   AskAïa is an AI-powered platform built to simplify and automate global mobility and immigration compliance for employers and international talent. Our user-friendly solution helps organizations manage work permits, renewals, and HR compliance with up-to-date insights based on current Canadian immigration rules. While AskAïa provides information and automated guidance through AI, it does not replace professional legal advice. For case-specific questions or complex immigration matters, consult a licensed Canadian immigration consultant. 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