Parents and Grandparents Sponsorship - Income requirements

[wickerman]

Hi guys

I was looking at this link for income requirements - https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1445&top=14

For 2018: $40,379
For 2019: $41,007
For 2020: $32, 899

There is a mention in there that for 2020 they have reduced the requriement to just the minimum salary. Not the usual min+30%.

My questions are:

1. Do the figures listed in that page already represent min+30%? OR do I have to add 30% to what is listed on there?
2. My 2018 income was $46,000 in Canada. However my worldwide income (I moved from the US), was $160,000. So can I submit worldwide income for this? My NOA shows only $46,000 though. But I can submit my US income tax return (Incase I need to add 30% to what is listed on that page).

 

[YVR123]

Hi guys

I was looking at this link for income requirements - https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1445&top=14

For 2018: $40,379
For 2019: $41,007
For 2020: $32, 899

There is a mention in there that for 2020 they have reduced the requriement to just the minimum salary. Not the usual min+30%.

My questions are:

1. Do the figures listed in that page already represent min+30%? OR do I have to add 30% to what is listed on there?
2. My 2018 income was $46,000 in Canada. However my worldwide income (I moved from the US), was $160,000. So can I submit worldwide income for this? My NOA shows only $46,000 though. But I can submit my US income tax return (Incase I need to add 30% to what is listed on that page).

These number are the require income. No need to add extra 30%. (as you see the much lower number for 2020)
You can only use NOA from income reported to Canadian tax. So only $46,000 for 2018

 

[Naturgrl]

Hi guys

I was looking at this link for income requirements - https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1445&top=14

For 2018: $40,379
For 2019: $41,007
For 2020: $32, 899

There is a mention in there that for 2020 they have reduced the requriement to just the minimum salary. Not the usual min+30%.

My questions are:

1. Do the figures listed in that page already represent min+30%? OR do I have to add 30% to what is listed on there?
2. My 2018 income was $46,000 in Canada. However my worldwide income (I moved from the US), was $160,000. So can I submit worldwide income for this? My NOA shows only $46,000 though. But I can submit my US income tax return (Incase I need to add 30% to what is listed on that page).

What is your family size because you are using LICO for 2 people?

 

[scylla]

Hi guys

I was looking at this link for income requirements - https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1445&top=14

For 2018: $40,379
For 2019: $41,007
For 2020: $32, 899

There is a mention in there that for 2020 they have reduced the requriement to just the minimum salary. Not the usual min+30%.

My questions are:

1. Do the figures listed in that page already represent min+30%? OR do I have to add 30% to what is listed on there?
2. My 2018 income was $46,000 in Canada. However my worldwide income (I moved from the US), was $160,000. So can I submit worldwide income for this? My NOA shows only $46,000 though. But I can submit my US income tax return (Incase I need to add 30% to what is listed on that page).

Yes, I was going to say what Naturgrl has alluded to.

The 30% is also included. However to be clear, if you are looking at the LICO for two people, this means that you yourself are single (no partner / spouse or children) and that you are only sponsoring one parent - and your parents are either divorced or one parent is deceased. If that's the case, then you are good.

 

[wickerman]

Yes, I was going to say what Naturgrl has alluded to.

The 30% is also included. However to be clear, if you are looking at the LICO for two people, this means that you yourself are single (no partner / spouse or children) and that you are only sponsoring one parent - and your parents are either divorced or one parent is deceased. If that's the case, then you are good.

I am sponsoring mom and dad, so its 3 people? I am single yes.

So in this case since my income for 2018 was 46k in Canada only because I moved that year, can I show my US income too (for the rest of the year) ? Because that would be my income for the entire year.

 

[scylla]

I am sponsoring mom and dad, so its 3 people? I am single yes.

So in this case since my income for 2018 was 46k in Canada only because I moved that year, can I show my US income too (for the rest of the year) ? Because that would be my income for the entire year.

Yes - you need to meet LICO for 3 people in that case.

You can only include your US income if it was declared in your Canadian tax return and shows on your CRA Notice of Assessment (NOA).

 

[Naturgrl]

I am sponsoring mom and dad, so its 3 people? I am single yes.

So in this case since my income for 2018 was 46k in Canada only because I moved that year, can I show my US income too (for the rest of the year) ? Because that would be my income for the entire year.

Yes it is 3 people. You can only show Canadian income unless you declared your US income on your Canadian taxes.

2020 - $40445
2019 - $50414
2018 - $49641

 

[wickerman]

Yes - you need to meet LICO for 3 people in that case.

You can only include your US income if it was declared in your Canadian tax return and shows on your CRA Notice of Assessment (NOA).

So when I moved to Canada from the US in August, I paid taxes for the 4 months I worked in Canada. I worked for the same company, just moved to their Canadian division. Which was 46000. When I filed taxes in 2019, I filed taxes in the US for the first 8 months, mentioned my US income in my Canadian tax filing, and paid tax on the 46,000 that I earned in Canada. So my NOA shows 46,000.

So my US income was mentioned in my tax filing documents, but the NOA shows only 46,000. Does that mean I dont qualify?

 

[canuck78]

So when I moved to Canada from the US in August, I paid taxes for the 4 months I worked in Canada. I worked for the same company, just moved to their Canadian division. Which was 46000. When I filed taxes in 2019, I filed taxes in the US for the first 8 months, mentioned my US income in my Canadian tax filing, and paid tax on the 46,000 that I earned in Canada. So my NOA shows 46,000.

So my US income was mentioned in my tax filing documents, but the NOA shows only 46,000. Does that mean I dont qualify?

Your US income won't count.

 

[wickerman]

Your US income won't count.

Sigh, only 3000!!! Ugh. I am still going to apply with an LOE, but it looks like it will get denied. What happens in this case, can I submit an interest to sponsor again in 2021?

 

[Naturgrl]

.

Sigh, only 3000!!! Ugh. I am still going to apply with an LOE, but it looks like it will get denied. What happens in this case, can I submit an interest to sponsor again in 2021?

If you aren’t eligible for 2019 then you will not be eligible until 2022. Your first year of eligibility is 2020. $3000 is a big difference. You will be refused and many people are refused for not meeting LICO by $100.

 

[wickerman]

.

If you aren’t eligible for 2019 then you will not be eligible until 2022. Your first year of eligibility is 2020. $3000 is a big difference. You will be refused and many people are refused for not meeting LICO by $100.

It is 2018 where I am falling short. My 2019, 2020 (to be filed in 2021 Feb or March) and 2021 (to be filed early 2022) tax returns will be well above the requirement. So will it be okay for me to submit an interest to sponsor form in 2021, no? (For which I will apply in 2022 if they select me?)

 

[canuck78]

It is 2018 where I am falling short. My 2019, 2020 (to be filed in 2021 Feb or March) and 2021 (to be filed early 2022) tax returns will be well above the requirement. So will it be okay for me to submit an interest to sponsor form in 2021, no? (For which I will apply in 2022 if they select me?)

No you'll only qualify in 2022.

 

[wickerman]

No you'll only qualify in 2022.

You mean to apply in 2022 or to submit an interest to sponsor form? I am confused. I wlil have the required income for 2019, 2020, 2021 so can I not submit an interest to sponsor form in 2021? This is assuming of course they ask you to submit hte interest to sponsor form this year and ask you to apply next year. Is that how it works?

 

[scylla]

You mean to apply in 2022 or to submit an interest to sponsor form? I am confused. I wlil have the required income for 2019, 2020, 2021 so can I not submit an interest to sponsor form in 2021? This is assuming of course they ask you to submit hte interest to sponsor form this year and ask you to apply next year. Is that how it works?

We mean submit an interest to sponsor form in 2022.

2020 was an unusual year. Normally the interest form would have been submitted much earlier in the calendar year and income considered would have been 2019, 2018 and 2017. The only reason 2020 income is being considered is because the draw happened so extremely late in the year.

The second 2021 intake will look at income from 2020, 2019 and 2018 (not 2021).