Hi Anupam,
Just checked with CIC Call centre, Seems like I dont need to show any proof of income to sponsor my family (wife and kid)
the reason they ask for 12 month period is to ensure that I am not under any social assitance.
It could be Low, It could be Max also..
// Mail from CIC...hope this helps everyone.
Low Income Cut-Off (LICO)
When you want to sponsor a member of the *family class, you must prove that you have an annual income that is at least equal to the minimum amount of income shown in the Low Income Cut-Off (LICO) table.
This amount is based on your family size (i.e., number of persons in your family). On the date you sign your application, you must meet the minimum necessary income. Your income must not go under that amount during the processing of your application.
Please note that you do not have to meet the LICO for the following types of sponsorships:
· Sponsorship of a spouse, common-law or conjugal partner
· Sponsorship of dependent children who have no dependent children of their own
· Sponsorship of a child adopted outside Canada or of a child you intend to adopt in Canada
To calculate your family size, you have to count:
· Yourself and any spouse, common-law partner and dependent children, if applicable;
· Persons you sponsored or co-signed for previously and you are still supporting (i.e., the undertaking you signed is still in effect);
· The person you now want to sponsor, including their **family members, whether they will be coming to Canada or not; and
· If you have a co-signer for this application, all persons they sponsored or co-signed for previously and that they are still supporting.
If your income is not high enough to meet the LICO, you may choose to add a co-signer to your application. Only your spouse or common-law partner can be a co-signer. Together, your combined incomes can be used to meet the minimum income requirement.
Please note that the minimum income for sponsors living in the province of Quebec is different. For more information on the Quebec Income Scale, contact the Ministère de l’Immigration et des Communautés culturelles.
*The family class includes your spouse, common-law partner, conjugal partner, dependent children, adopted children or children to be adopted in Canada, parents, grandparents, orphaned relatives under the age of 18, and one other relative related by blood or adoption (as long as you meet the requirements).
**A family member is a spouse, common-law partner, dependent child or dependent child of a dependent child.
