First, don't worry about sponsoring your parents right now. Yeah, I know. Not what you want to hear. The truth is, you must get yourself settled first. You have to support your own family before you can worry about sponsoring your parents. Not to mention, even if you get a great job right away, you still have to have 3 years of Tax returns in Canada to be allowed to apply.respectall said:
Anything you don't disclose is taxed. You must declare everything you're bringing with you or goods to follow. If you conceal things and the IO decides to check your items, you could get into trouble. Keep in mind though, most programs don't give a crap about your net wealth. They only view your net income and sometimes, if you own a house.
For example, I know subsidy for childcare doesn't concern itself with anything but your income, if you're a student, and the other parent's working/income and/or child support if the parents are not together. If you have a lot of jewelry, that isn't considered a liquid asset anyway. Yes, it might be easy to sell to a pawn shop, but that isn't getting your money's worth. Also, the people that process the applications don't care if you have a lot of possessions. They understand situations change. If I own a mansion and fancy car today, but I an laid off tomorrow, I can still collect benefits. Simple as that.
But I will warn you - don't rely heavily on benefits. Government benefits make you dependant on the government - never a good idea, especially if the economy goes bad and they must reduce benefits.
