Financial requirements, Dependents

[SeoulSearcher]

Hello

I have several questions.

I am a naturtalized Canadian. I was naturalized in 1991, and for the last 15 years I have lived in South Korea. I have 2 kids and we are now getting their citizenship certificates. To be honest we never really were that serious about moving back to Canada but I have a job offer and we are now going through the PR paperwork.

The questions I have are the following:

1. I know there are no financial requirements for sponsoring but it still gets asked so it must have some importance. The problem I have is that for the last 12 months I have had no income. I worked for 5 year for Hyundai Heavy Industries and when my position was terminated I got involved with a company out of Canada on an agreement that I would be compensated wholly in a commission. The commission is due to come in sometime in late March or April (we have a signed contract for the sale and my own contract with the company). The past year we lived on savings, my severance package and work my wife did.

I have a job offer in Canada, and I also have about C$300,000 in assets (apartment I own that I would sell when we moved to Canada).

In this situation, what should I tell them? What sort of proof can I show them that I will not be a burden on the welfare system?


2. In form IMM008 it asks for my wife's dependents. We have 2 kids but they are Canadian citizens. Should they be listed at all on that form?

 

[canuck_in_uk]

Hi

1. You can show them savings, investments, proof of your severance package, the contract for your commission job, your wife's income, your job offer in Canada. Don't worry, you won't have any issues with that.

2. No, your Canadian kids are not listed on IMM008. They are not considered dependents for the purposes of this application. They only need to be listed on IMM5406, Additional Family Information, and on IMM5481, Sponsorship Evaluation.

 

[Rob_TO]

Agreed there won't be any issues with income. They just want to make sure you won't go on welfare, so the threshold is incredibly low for qualifying. If you have a job offer already in Canada, simply include that (which will also serve as your proof to move to Canada after PR is approved) with the salary info and you will be fine.

Also note since the kids aren't considered dependents for immigration purposes, they do not need to do any medical exam.

 

[SeoulSearcher]

Thank you for your responses, guys.

Will there be a problem if the house and car are in my wife's name? Should I just explain in a letter that for legal reasons in Korea these have to be in the name of the citizen?

Additional question about timing. I would like my family to join me in Canada ASAP. I will finish the application package and send it prior to going to work. My wife will stay in Korea, sell our house, car and other things, take care of all other issues and join me in Canada within 1 or 2 months. She is Korean so she can enter Canada for 6 months without applying for visas. Once she is there we will apply to extend her stay while her PR is getting processed.

Is this plan sound or can there be issues that may jeopardize her PR application? I want my kids to begin the school year in Canada and obviously I need my wife there to take care of them while I am working.

 

[canuck_in_uk]

No, there is no problem with everything being in her name. CIC will look at your family financials as a whole, not just yours. You can include a letter explaining the laws in Korea.

With a PR app in process, proof of funds and her Canadian children with her, she should have no issues entering Canada. She just needs to remember that she is entering as a visitor while her PR app is processing.

 

[SeoulSearcher]

I have a question also about employers.

As I said above, I worked with a Canadian company on an all commission basis. The commission is not yet paid, so in effect, I have not earned anything from the job as of today. Should I list that as an employer or not?

Also, are they serious about telephone numbers for all the addresses I lived at?

 

[canuck_in_uk]

Yes, you can still list them as an employer.

If you can't remember something, add an additional sheet explaining you couldn't remember.