This paper examines the economic achievements of immigrant groups and compares them with those of the Canadian-born population. Employment income in this study is income for members of the labor force who worked 40 weeks or more, full time, during 1980. The information is from the 1981 Census. The 15 birthplace groups considered in this study are classified into 2 major groups: those from traditional sources and those from non-traditional or new sources. Traditional sources are the US, UK, and Europe. The new sources are Africa, Asia, South and Central America, the Caribbean, and Oceania. More than 1/2 of the immigrants from traditional sources arrived before 1960, whereas more than 1/2 of immigrants from new sources arrived after 1970. The analysis is only for those areas called Census Metropolitan Areas. Results of analysis show that 1) immigrant men and women in metropolitan areas earned 1.9% and 5.9% respectively less than their Canadian-born counterparts; 2) when differences in age and educational attainment were considered, incomes of immigrant men and women were about 7.5% below those of their Canadian-born counterparts; 3) the new immigrant groups earned far less than those of the Canadian-born counterparts; 4) traditional-source immigrants' incomes were equal to or slightly higher than Canadians'; and 5) as length of residence increases, most immigrant groups improve their relative economic position and achieve incomes comparable to Canadians'. The authors discuss the economic adaptation of immigrants in the light of various models: assimilation, Marxist class conflict, ethnic stratification and segmentation, structural pluralism, and structural change. No theory can be applied to the economic adaptation of all types of immigrants. Finally, refugees and sponsored relatives, who are not admitted on the basis of education and occupational need, are likely to have more difficulties than independent immigrants.