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financial evaluation for parents sponsership

ciscoccie

Hero Member
Jul 2, 2014
707
57
Visa Office......
London
Job Offer........
Pre-Assessed..
My reported income:
2016 - 58435 CAD
2017 - 90000 CAD
2018 - 90000 CAD
I am looking to sponsor my parents to Canada (mother, father) and looking for some assistance with the financial part. I understand that it requires 3 years of employment tax history.
We are a family of total 3 ( me, my wife, daughter) and if I sponsor my parents then the total family size becomes 5.
Based on
http://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1445&top=14
It looks like income requirements would be
2016 - $66,654
2017 - $67,400
2018 - $68,358
So I notice that I am unable to meet the 2016 requirements however in 2016 I was living alone here and I married in 2017 and my wife joined me in 2018. So technically for 2016 I should be considering the family size of 3 (me, my father, my mother) i.e. $48,404 and not $66,654, for 2017 it should be same and for 2018 it becomes 5 because my wife was included in my family and our baby was born in 2019.
Does this mean I have passed the financial qualification part?
 

canuck78

VIP Member
Jun 18, 2017
52,959
12,760
We have no idea what the rules will be for next year. It used to be current family size was used for every year.
 

ciscoccie

Hero Member
Jul 2, 2014
707
57
Visa Office......
London
Job Offer........
Pre-Assessed..
We have no idea what the rules will be for next year. It used to be current family size was used for every year.
I am covered for next years because my income is or will be more than 90K.
But I am concerned about 2016 only, so if it used to be or is "existing" family size during that tax year then I am covered, correct?