parents sponoship

[boy pickup]

hi everyone!!
i have a question, regarding the sponsorship. we are filling up the form and we already got our option c print out. and our family will be 4( this includes my mom that im going to sponsor). so i add total income of myself and my wife(she was on maternity leave) for the year 2012. and we are short of $500. is it possible if i can still sponsor my mom even if im little bit short in our combined total income?

thanks guys!!

 

[scylla]

It's mandatory that you either meet or exceed LICO. Unfortunately CIC doesn't accept "close". If you are $500 short in 2012, then unfortunately you should expect to be refused for not meeting LICO. I don't think there's any point in applying.

 

[user828]

You are very close - so dont know what to say but you can read this

http://www.cic.gc.ca/english/resources/manuals/bulletins/2013/ob561.asp

Also from the above link - for those talking about Option C of 2013

If the sponsor has submitted a sponsorship application for a parent or grandparent, when assessing updated financial information, the income calculation rule in paragraph 134(3)(c) must be applied. The sponsor's income and the co-signer's income, if applicable, is calculated on the basis of the income earned as reported in the NOA, or an equivalent document (Option C print out), issued by the CRA in respect of each of the three consecutive taxation years immediately preceding the day on which the officer receives the updated evidence. For example, if an application to sponsor a parent or grandparent was submitted in January 2014 and was being processed in July 2016, an officer may request updated financial information from the sponsor. The income calculation will be based on the NOA or option C for taxation years 2015, 2014 and 2013. As in an initial assessment, the sponsor's income and the co-signer's income, if applicable, is the income earned as reported in the NOA or Option C printout, not including: