Super visa inquiry

[Bibotaw]

Hello, regarding the minimum income required for super visa
Could someone advice wether if it is only related to salary, can I add other income for example from home rent together with the current salary ?

 

[scylla]

Hello, regarding the minimum income required for super visa
Could someone advice wether if it is only related to salary, can I add other income for example from home rent together with the current salary ?

Other income can be included. However if you want to include other income, you'll need to make sure this other income has been declared in your Canadian tax return.

 

[canuck78]

Hello, regarding the minimum income required for super visa
Could someone advice wether if it is only related to salary, can I add other income for example from home rent together with the current salary ?

Want to clarify that you have to prove that you have earned the LICO amount in Canada and that it is not your future salary or earnings.

 

[Bibotaw]

Other income can be included. However if you want to include other income, you'll need to make sure this other income has been declared in your Canadian tax return.

Thanks for yr reply
Yes, just to confirm this mean that they care with the total income regardless the expenses, for example if there is mortgage with certain amount will be deducted from the minimum income calculation?

 

[Bibotaw]

Other income can be included. However if you want to include other income, you'll need to make sure this other income has been declared in your Canadian tax return.

Thanks for yr reply
Yes, just to confirm this mean that they care with the total income regardless the expenses, for example if there is mortgage with certain amount will be deducted from the minimum income calculation?or it is out of calculation?

Want to clarify that you have to prove that you have earned the LICO amount in Canada and that it is not your future salary or earnings.

thanks for yr reply

 

[canuck78]

Thanks for yr reply
Yes, just to confirm this mean that they care with the total income regardless the expenses, for example if there is mortgage with certain amount will be deducted from the minimum income calculation?

Your amount of savings also factors into the visa approval. If you have zero savings but meet LICO that will still be a problem.

 

[scylla]

Thanks for yr reply
Yes, just to confirm this mean that they care with the total income regardless the expenses, for example if there is mortgage with certain amount will be deducted from the minimum income calculation?

No - it will not be the total amount. It will be net of expenses since that is what you would be declaring as income.

Keep in mind that you will be taxed on whatever you declare by Canada.

 

[Bibotaw]

So they focus in Net Income after deduct the expenses
Thank you all