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Sponsoring a parent to QC

Elene_Ruby

Star Member
Aug 16, 2018
58
3
Hello, my question is about parent sponsor's income needed for the QC.
I ve heard if a sponsor doesn't have enough of income, his property (even not rented) may be counted towards the income.
Is that true?
 
Last edited:

shinningstar

Star Member
Feb 27, 2009
182
8
Hello, my question is about parent sponsor's income needed for the QC.
I ve heard if a sponsor doesn't have enough of income, his property (even not rented) may be counted towards the income.
Is that true?
I think you are right to include property, Quebec LICO rules are bit relaxed then that of Federal
 
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canuck78

VIP Member
Jun 18, 2017
40,588
9,522
It is purely based on income. If you have rental income that you have declared on your taxes that income counts. Not sure you plan to count the value of the house you live in. The instructions are very specific, it is about income because you have to support your parents when they are in Canada as well as pay for health insurance.
 

scylla

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I think you are right to include property, Quebec LICO rules are bit relaxed then that of Federal
The relaxation is 1 year of income vs. 3 years. Property value cannot be included. Income from rented properties can be included provided it's declared when filing taxes.
 

Elene_Ruby

Star Member
Aug 16, 2018
58
3
It is purely based on income. If you have rental income that you have declared on your taxes that income counts. Not sure you plan to count the value of the house you live in. The instructions are very specific, it is about income because you have to support your parents when they are in Canada as well as pay for health insurance.
In the form Évaluation de la capacité financière A-0535-F (2018-08) it says
...Si vous estimez que vos revenus de travail personnels, combinés à ceux de votre époux ou épouse ou de votre conjoint ou conjointe de fait,
sont insuffisants pour satisfaire aux exigences financières, vous devrez alors répondre aux questions sur vos autres biens et sources
de revenus (sections 5 et 8) et fournir tous les documents demandés. Ces renseignements nous permettront de faire un examen global de
vos avoirs et de déterminer si vous avez la capacité financière de souscrire un engagement...

It seams there are exceptions but not everyone know how to apply?
 

Elene_Ruby

Star Member
Aug 16, 2018
58
3
It is purely based on income. If you have rental income that you have declared on your taxes that income counts. Not sure you plan to count the value of the house you live in. The instructions are very specific, it is about income because you have to support your parents when they are in Canada as well as pay for health insurance.
In the form Évaluation de la capacité financière A-0535-F (2018-08) it says
...Si vous estimez que vos revenus de travail personnels, combinés à ceux de votre époux ou épouse ou de votre conjoint ou conjointe de fait,
sont insuffisants pour satisfaire aux exigences financières, vous devrez alors répondre aux questions sur vos autres biens et sources
de revenus (sections 5 et 8) et fournir tous les documents demandés. Ces renseignements nous permettront de faire un examen global de
vos avoirs et de déterminer si vous avez la capacité financière de souscrire un engagement...

It seams there are exceptions but not everyone know how to apply?
 

shinningstar

Star Member
Feb 27, 2009
182
8
The relaxation is 1 year of income vs. 3 years. Property value cannot be included. Income from rented properties can be included provided it's declared when filing taxes.
It might cause Quebec considers both income and assets. House is considered an asset.

Quebec Financial capacity form question 5.4 - If you own an immovable property.

Also the following is mentioned in the General Information section
If you estimate that your personal employment income combined with that of your spouse or de facto spouse is insufficient to meet the financial
requirements, you should then answer the questions on your other assets and income sources (Sections 5 and 8) and provide all the requested
documents. This information will help us carry out a comprehensive examination of your assets and determine whether you have the financial
capacity to assume an undertaking.
 
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Elene_Ruby

Star Member
Aug 16, 2018
58
3
It might cause Quebec considers both income and assets. House is considered an asset.

Quebec Financial capacity form question 5.4 - If you own an immovable property.

Also the following is mentioned in the General Information section
If you estimate that your personal employment income combined with that of your spouse or de facto spouse is insufficient to meet the financial
requirements, you should then answer the questions on your other assets and income sources (Sections 5 and 8) and provide all the requested
documents. This information will help us carry out a comprehensive examination of your assets and determine whether you have the financial
capacity to assume an undertaking.
Great - that was exactly my point!
but!.. apparently, we can only submit this form to MIDI after CIC approved the whole application package. Can CIC approve it seeing the person doesn't meet even QC minimal fin. requirements?
 

shinningstar

Star Member
Feb 27, 2009
182
8
Great - that was exactly my point!
but!.. apparently, we can only submit this form to MIDI after CIC approved the whole application package. Can CIC approve it seeing the person doesn't meet even QC minimal fin. requirements?
NOPE. Federal does not evaluate financials for Quebec applicants.
 
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canuck78

VIP Member
Jun 18, 2017
40,588
9,522
Very unlikely that a home will allow you to qualify. LICO is actually pretty low considering cost of living in many cities. If you have a 2 million dollar house fully paid for but don't meet LICO the house may be considered because you could sell and move to something more affordable and use the funds to support yourself. If you have millions in the bank that is not generating income that might be considered by Quebec. If you have a 300K house with a mortgage on it that's not going to be considered. You can apply but the LICO rates are quite low and you would struggle to support your parents on less. I know in Ontario families will have to pay for long term care beds or hospital beds if the individual is stuck in hospital waiting for a longterm care bed. Canadians have to use their pensions to pay for the bed but without a pension the family must pay around $1000/month. Having to meet LICO is not a punishment it is to ensure the family can actually support the parent or grandparent. You are already in Quebec so you can start working more than one job and could increase your income starting next year and apply the next year. Now that CAQ is in power all these requirements may change.
 
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shinningstar

Star Member
Feb 27, 2009
182
8
Very unlikely that a home will allow you to qualify. LICO is actually pretty low considering cost of living in many cities. If you have a 2 million dollar house fully paid for but don't meet LICO the house may be considered because you could sell and move to something more affordable and use the funds to support yourself. If you have millions in the bank that is not generating income that might be considered by Quebec. If you have a 300K house with a mortgage on it that's not going to be considered. You can apply but the LICO rates are quite low and you would struggle to support your parents on less. I know in Ontario families will have to pay for long term care beds or hospital beds if the individual is stuck in hospital waiting for a longterm care bed. Canadians have to use their pensions to pay for the bed but without a pension the family must pay around $1000/month. Having to meet LICO is not a punishment it is to ensure the family can actually support the parent or grandparent. You are already in Quebec so you can start working more than one job and could increase your income starting next year and apply the next year. Now that CAQ is in power all these requirements may change.
Your point seems logical. I guess we would know for sure if someone who has used the house in financial evaulation to meet LICO comments here.

I used some investments to meet LICO
 

canuck78

VIP Member
Jun 18, 2017
40,588
9,522
Your point seems logical. I guess we would know for sure if someone who has used the house in financial evaulation to meet LICO comments here.

I used some investments to meet LICO
Are you sure your investments were counted? You seem to be under the impression that you had a family of 8 but you had a family of 6.