Filipino workers sent back $2.3B home from Canada last year

Filipinos workers sent an estimated US$2.3 billion from Canada to the Philippines last year, according to figures released by the Asian country’s central bank.

Bangko Sentral ng Pilipinas(BSP) has recorded $25.2B in overseas Filipino (OF) remittances in 2013, out of which approximately nine percent came from Canada.

BSP does not provide a breakdown between money sent back by Temporary foreign workers and Filipinos who have migrated abroad but have families in the Philippines.

The Philippines is the number one source country for temporary foreign workers in Canada, accounting 14% of the 338,000 TFWs in 2012, according to Citizenship and Immigration Canada (CIC) statistics. The 2011 National Household Survey found that there were 454,340 Filipino immigrants in Canada, approximately 1.5% of the total population.

The exact amount sent out from Canada is hard to estimate as there is no Canadian agency tracking remittances, but the World Bank put the figure at US$23.4 billion in 2012, or 1.3% of the nation’s GDP for the year.

This makes Canada the highest remitter in per capita terms at $668.57, with the United Kingdom coming in at a distant second at $366.46, and the US at $328.68.

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Comments (26)

  1. The one who wrote the article is confusing the term OFW – a term invented by the Philippine government – and the term TFW, a term used under Canadian regulations to refer to a particular class of workers in Canada.

    OFW refers to Overseas Filipino Worker. It is a broad, encompassing term that refers to all Filipinos outside of the Philippines who works in a foreign country. This includes Filipinos under a contract for work as well as those who have immigrated to another country (example a permanent resident or green card holder) who remit money to the Philippines.

    In 2013, the total OFW remittance to the Philippines was $25 billion. This is third largest remittance after the Indians and the Chinese.

    The $2.3 B from Canada are not all from TFWs. There are thousands of permanent residents from the Philippines and likely, the bulk of the remittance is from them.

    • You’re wrong:

      SEC. 3. DEFINITIONS – Migrant Workers and Overseas Filipinos Act of 1995

      (a) “Migrant worker” refers to a person who is to be engaged, is engaged or has been engaged in a renumerated activity in a state of which he or she is not a legal resident to be used interchangeably with overseas Filipino worker.

      You, Greg Mac, is a lying deceiving piece of shit.

      • You, KenR, is a lying deceiving piece of shit.

        The BSP stats are labelled “Overseas Filipinos’ (OF),” Not OFW’s nor Migrant workers.

        From wikipedia:

        An Overseas Filipino is a person of Filipino origin who lives outside of the Philippines. This term applies to Filipinos who are both abroad indefinitely as citizens or permanent residents of a different country, and to those Filipino citizens abroad for a limited, definite period, such as on a work contract or a student. It can also include seamen and others who work outside the Philippines but are not residents, either permanent or temporary, of another country.

        They are known by a variety of terms with slightly different and sometimes overlapping meanings. Overseas Filipino Workers or OFW are Filipinos working abroad that are expected to return permanently either upon the expiration of a work contract or upon retirement. Balikbayans are Filipinos who have become citizens of another country and have returned to the Philippines for a temporary though extended visit. Global Filipino is a term of more recent vintage that less widely used.

      • Uhh… if you actually went and read the link to the BSP site and scrolled to the bottom, you would see:

        Personal remittances is computed as the sum of net compensation of employees (i.e., gross earnings of overseas Filipino (OF) workers with work contracts of less than one year, including all sea-based workers, less taxes, social contributions, and transportation and travel expenditures in their host countries), personal transfers (i.e., all current transfers in cash or in kind by OF workers with work contracts of one year or more as well as other household-to-household transfers between Filipinos who have migrated abroad and their families in the Philippines) and capital transfers between households (i.e., the provision of resources for capital purposes, such as for construction of residential houses,between resident and non-resident households without anything of economic value being supplied in return).

        You, KenR, *are* a lying, deceiving piece of shit.

    • sheldon adcock  |  

      “Does not provide a breakdown between money sent back by Temporary foreign workers and Filipinos who have migrated abroad but have families in the Philippines.”

      That seems to give the info you claimed was missing.

  2. KenR,

    How much do you think these TFW’s are making? Because if this article is correct, than the average Filipino would be sending back $52,648.79 CAD. Including some living expenses, these TFW’s would all have to be averaging well over 100k salaries.

    • You are off by a factor of 10. It says 2.5 billion sent home, the average send back per individual is 2.5billion/400 thousand = 6,250.00

        • 400,000 thousand is the total number of TFWs, not just the ones from the Philippines. If you actually click on the link to the CIC page, it gives the raw numbers. You, sir, are wrong.

          • There are I believe about 400,000 Filipinos in Canada. (My numbers may be a couple of years out of date, probably more like 700,000 by now ). This is not just TFWs. Between permanent residents and the TFWs they send back and average of 5,750.00.

            Nowhere in my post did I say that this number only included the amounts send home by TFWs

  3. That would work out to $40,000 per TFW if we use this websites numbers. Impressive amount of disposable after tax income for low wage workers wouldn’t you think?

    What a joke these numbers are. Shame on people spreading this xenophobic propaganda.

  4. 14% of 338000 TFW in Canada are Filipino. That number equals 47320 Filipio TFW’s. If those 47320 are sending back $2.3 Billion USD, than they have to be sending an average of $52,648 back home. That’s an exhuberant number. Obviously something is off.

  5. It all makes me sick. The whole point is to have revolving income in our country … End of story … Put all of your energy into fixing your own economy instead of undermining ours … DIP SHITS.

  6. I believe each TFW is able to bring a spouse or common-law or person of either sex who is not restricted to the designated LMO approved job. That person is free to apply for any job at all, admin, social services, management, IT, whatever. That’s a lot of money leaving Canada.

  7. IN the meantime, we have a boat load of Canadians that need a job. And we see that $Bs of Canadian $$$ going elsewhere. What a shame.

  8. The whole point here, rather than hashing out $$’s, is that the TFW program is severely flawed, new immigration admittance changes may help a bit, but the bottom line is far too many Canadians are out of work and, in BC anyway, particularly Vancouver, BC, we see line-ups of the ‘working poor’ at our food banks! On a personal level I don’t care what nationality someone is if there are a good human being, but on an economic/employment front, I really think MANY of our own Canadians should be taking a good deal of these jobs – and don’t say TFWs work for peanuts, because they do not – that aspect of the program was changed. HIRE OUR OWN!!

  9. Greedy McBusinessman  |  

    Combination of modern day slavery/outsourcing brought in. Absolutely terrible, there’s always someone in the world that will work for a dollar less than you and you can sure your small business owner will try to do whatever they can to maximize their profits. Good old cons and CFIB. Maybe if these companies that use TFW pay a decent livable wage they would find workers. Problem isn’t a labour shortage it’s a wage vs base cost of living issue (unless you stack 8 people to a room and if that’s the case then cool) ffs Pretty soon we’ll be a 3rd world country.

  10. TFWs are nothing good for our Canadian Economy, and our Canadian workers. It is only good for businesses that want to becomer richer and richer.

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