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elbob

Star Member
Aug 31, 2013
156
17
Hello,

I'm currently trading stocks at home as it brings enough money and I need time to write a book.

If I make around 15,000 USD in 6 month (projection) or so from stocks, is that enough to sponsor my wife and kid? Or I have to work full time in a company? Take into account that I could make more or less .. its not fixed

I really need accurate advice

Thanks
elbob
 
There is no minimum income requirements for spousal family sponsorship, so you will be fine.

If you can show latest Option C tax return, and give some explanation of how you support yourself and what your expected income level is... then that would be fine. CIC just wants to see you aren't on social assistance (welfare), and that you will generally be able to support your family when they move to Canada.
 
Rob_TO is correct, however it depends if the child is yours or your wife's from a previous relationship. Persons who want to sponsor their spouses who have dependent children of their own need to complete a financial evaluation form (IMM1283) and therefore need to meet certain financial requirements.

If the child is yours, then there is no minimum income requirement, however you must provide sufficient proof that you will be able to financially support both of them.
 
If the child does belong to the mother but not the sponsor, in other words, step child, the sponsor would also need to have documentations from child's father giving permission to leave the country.

But I suspects that the child is OP's child.
 
Avadava said:
Rob_TO is correct, however it depends if the child is yours or your wife's from a previous relationship. Persons who want to sponsor their spouses who have dependent children of their own need to complete a financial evaluation form (IMM1283) and therefore need to meet certain financial requirements.

This is wrong. IMM1283 is only required when the sponsor or sponsored spouse has dependent children who have children of their own. i.e. 3 generations.
 
canuck_in_uk said:
This is wrong. IMM1283 is only required when the sponsor or sponsored spouse has dependent children who have children of their own. i.e. 3 generations.

I think Avadava is implying that if the child is a step child to the sponsor, the sponsor has to complete the financial evaluation.

However that said, I don't believe the financial evaluation forms are required for step-children. Only for those children/step children that has a child of their own. In other words, the dependent is still attending school and has a child of her own. This is when you need to fulfill income minimum requirement.
 
screech339 said:
I think Avadava is implying that if the child is a step child to the sponsor, the sponsor has to complete the financial evaluation.

However that said, I don't believe the financial evaluation forms are required for step-children. Only for those children/step children that has a child of their own. In other words, the dependent is still attending school and has a child of her own. This is when you need to fulfill income minimum requirement.

Which is exactly what I said.
 
Thanks guys for all the very useful information.

The child is my son so I don't have this issue.

I'm just a bit nervous as I read there is no appeal if they refuse the sponsorship application (in-land)

I also read that people who have a bit of money in their bank accounts, even if close to 100,000 CAD or so, but not from Canadian sources (i.e: they wired the money from country that they immigrated from) could also get rejection

That's why I thought I would need to work for 6 month or so .. to proof I can work (but that will change my plans a bit which I don't want to do)
 
elbob said:
Thanks guys for all the very useful information.

The child is my son so I don't have this issue.

I'm just a bit nervous as I read there is no appeal if they refuse the sponsorship application (in-land)

I also read that people who have a bit of money in their bank accounts, even if close to 100,000 CAD or so, but not from Canadian sources (i.e: they wired the money from country that they immigrated from) could also get rejection

That's why I thought I would need to work for 6 month or so .. to proof I can work (but that will change my plans a bit which I don't want to do)

You are right that there are no appeals for inland negative decision. However unless you have a criminal record like DUI and the like, the likelihood of an American getting a rejection is very small.

Not sure where you getting this possible rejection based on having close to 100,000 in the bank account. Not sure why that would be a red flag?
 
screech339 said:
Not sure where you getting this possible rejection based on having close to 100,000 in the bank account. Not sure why that would be a red flag?

I mean that even if you have a decent bank account (but money not from Canadian sources), then the bank account is not going to help .. they need to see you manage to get money from working in Canada .. that's what I mean
 
elbob said:
I mean that even if you have a decent bank account (but money not from Canadian sources), then the bank account is not going to help .. they need to see you manage to get money from working in Canada .. that's what I mean

They can determine that by you sending money by wire transfer or maxing out your daily withdrawals from US bank Card in Canada to support yourself in Canada. Having a large sum of money in a foreign account to me, says you can support your family while living in Canada. This is my opinion though. Still can't see it being a flag.
 
elbob said:
I mean that even if you have a decent bank account (but money not from Canadian sources), then the bank account is not going to help .. they need to see you manage to get money from working in Canada .. that's what I mean

CIC doesn't care at all where you earned the money, only that you can support yourselves without welfare. I hadn't lived or worked in Canada for about 5 years when I sponsored my partner. Most people who apply outland while outside of Canada are in the same position, having not lived or earned money in Canada for years. It doesn't matter.