The Canadian government was presented with a new
Tax revenues, jobs and a reputation
Right now, 7% of Canadian GDP is generated by the educationservices sector. International students spend on average CDN$4.9billion (€4 billion) annually on tuition fees and basic livingexpenses. This created 86,570 jobs and generated CDN$ 455 million(€371 million) in tax revenues per year.
Beyond that, the report also confirmed a phenomenon which was
Opposite trend in Europe
“Canada’s educational expertise is a valuable export that can bemeasured in comparison to other goods and service exports.International students can also become a valuable source of highlyskilled labor to our economy at a time when the western world isfacing potential labor shortages, especially among top talent,” thereport states.
The spokesman of Canada’s Trade Minister Ed Fast commented thatthese findings will become part of a new policy to attract moreforeign students. Meanwhile, European countries follow the oppositetrend. Sweden introduced foreign student tuition feesranging from €11,000 to €25,000 in 2011. Non-European students inthe Netherlands pay between €9,000 and €25,000annually. A similar policy is currently debated in