Recent content by krs

  1. K

    CRA and severance package

    Sorry..yup called service canada..not cra(my bad).today is day 4 of calling them. Called at 8: 30:00am when customer service opens. I have been given an estimate of 2 + hours and I am sure it will disconnect automatically in an hour or so.. anyways.. does anyone know any answers about my questions?
  2. K

    PGP 2020

    Thank you. I called ircc. This information is accurate. They will consider net income ( total income - EI). Applying or receiving EI will not impact my sponsorship application.
  3. K

    CRA and severance package

    Hello All, After calling CRA at 8:30 in morning for 3 days. I am getting 2 hours of hold time after which they disconnect in 30 mins. So I am posting my questions here ( hoping i get some answers here) 1. I have received a severance package till Dec 2020 and have been notified to submit EI asap...
  4. K

    PGP 2020

    My line 150 income is as needed by ircc but I had taken an EI for 3 months in 2019. Does that disqualify me from sponsoring parents?
  5. K

    PGP 2020

    Hey All, I have taken an EI in 2019 for 3 months. Does that disqualify me from applying? My NoA/ line 150 is above the min requirements posted by ircc. Its just the EI that I am not sure about.
  6. K

    TFSA and contribution room

    Thank you. I did search online however there are always some bylaws. For example I got to know that.... if I buy USA company stocks and I get dividends, the dividends are yet taxable even if it's in TFSA. Thanks, Krs
  7. K

    TFSA and contribution room

    Hello All, I have a TFSA account and I started stocks -trading this year with my TFSA account. My allocated contribution room this year is 25K and I invested 20K which has now a value of 35K. If I sell my shares, I will get an amount of 35+K which is above the limit provided by CRA. Do I need...
  8. K

    PGP 2020

    Drilling more into my concern: I am earning 120K$ for last 10 yrs...but now if my sal drops to 60K in 2020 (lose job after 6 months in 2020) but it is above the the cutoff for PGP, does my lay off matter? OR in other words, the minimum criteria according to PGP means I need to have an active...
  9. K

    PGP 2020

    Assuming that the program will start in 2020 ,at some point we need to submit our NOC as a proof of income. For now, if I meet the criteria for past 3 years, do I need to maintain my income for the next year as well. For example, If I qualify for income cut off in 2017 ,2018, 2019 and I apply...
  10. K

    PGP 2020

    Just wanted to confirm. I know the rules are not out yet but as per the minimum income requirement of last year, the amount that we are referring to is line 150 of NOA correct (Total income)? I am asking this as : Total Income ( line 150) = Taxable income(net income) + RRSP deduction.
  11. K

    SuperVisa Candidate applying for US Visa

    Nothing yet. We have planned to apply for next year April. My Mom got a G1 driving licence which can be used as an ID to pick up passport. She has made a letter to explain why she is visiting. She also got a letter from someone we know from USA which can be termed as a letter of invite.
  12. K

    SuperVisa Candidate applying for US Visa

    Hello all, My mom is applying for US Visa and she is on super visa currently with me. She does not have any proof apart from passport and the following: 1. Residential address proof of her as an occupant in the lease 2. Residential address proof on insurance If her visa is approved and if the...
  13. K

    Supervisa after visiting USA

    Hello All, My mom is currently in Canada on supervisa and she got her US visa recently. We want to visit US in December. However, while returning from USA to CANADA on Supervisa does she need to have a medical coverage from 1 year of date of re-entry? For example: She has a medical coverage...
  14. K

    Return Flight for Supervisa - parents

    Hello All, My parents got Super-visa based on my PR which allows them to stay for 2 years at once. Just a quick question: According to most threads that i found online, some airlines need them to show return flights as well. However, according to regulatory rules, I cannot book return...
  15. K

    Proof of Funds Bank Statement

    Generally it is a red flag if there is this much amount suddenly in your account in 1 month. However, it depends on the person reviewing your file. At best delay as much as you can so you have this amount for more that 1 month. You can attach a letter explaining your source of the funds. Keep...