sponsoring parents with bank credit only

[cooldoc80]

hi all

is it possible to an 18 year canadian citizen who is studying in canada to sponsor his parents , i know the sponsor should sign agreement to carry on financial responsibilities of parents and should have a minimum low income but if the student have enough money in his bank account to cover financial responsibilities would this be enough? or it has to be a job???

thakns

 

[scylla]

Unfortunately a bank account isn't enough. You have to be making the income (through a job) to meet the low income cut off. So the short answer is no - it's not possible.

 

[steaky]

Does it have to be through a job, or any Canadian source income will do (e.g self employment)?

 

[Kedeisha]

u need to have a certain annual income each year to sponsor your parents so if u are self employed making income or once u file your taxes and your income doesnt fall below the income required you are good

 

[cooldoc80]

thanks guys

 

[cooldoc80]

GUYS I WANTED TO ASK THIS QUESTION CONCERNING SELF EMPLOYMENT SO DOES THE CHILD HAS TO WORK FOR ATLEAST A YEAR THEN FILE HIS TAXES TO START APPLICATION ? AND DOES CHILD SPONSORING HIS PARENTS TAKES SAME AMOUNT OF TIME AS SPOUSE OR ITS AN ENDLESS PROCEDURE? THANKS ALOT

 

[scylla]

The processing time for parent sponsorship applications is much longer than the processing time for spousal applications. It will take at least 5/6 years. Possibly longer.

 

[Kedeisha]

parents 1 stage approval is 40+ mths as per CPC-M