Income for Sponsoring Parents in 2020
|For parental sponsorship in 2021 click here!|
Sonia immigrated to Canada six years ago. As a new Canadian citizen, she wants to stay in Canada for the rest of her life. However, she misses her parents all the time. Consequently, she is willing to sponsor them to immigrate to Canada. Both Sonia and her husband are professionals. Sonia is an IT manager at a well-known financial institution and her husband is a Professional Engineer. Thus, Sonia wonders, if sponsoring her parents is an option. She wonders if there is a minimum necessary income to be an eligible sponsor.
Canadian citizens or permanent residents of Canada who sponsor their parents or grandparents to Canada need to meet certain financial requirements. In this article:
- Important Dates
- Co-signer income for sponsoring parents
- Source of information regarding income for sponsoring parents
- Family size and income for sponsoring parents
- Minimum necessary income for sponsoring parents in 2020
- Let us help!
The filing date of the application is extremely important. Of course, the filing date is the day your initial sponsorship application package reaches the immigration office (e.g. June 9, 2020). We expect all 2020 applications will be submitted in early 2021.
The sponsor (i.e. the Canadian citizen or the permanent resident of Canada) needs to meet the minimum necessary income for the last three consecutive years immediately before the filing date. Thus since you will be filing in 2021, you need to consider your income in 2020, 2019 and 2018.
The sponsor’s spouse or common-law partner may also co-sign the application. In this case, you may add both incomes together. No other family members may be a co-signer. Of course, you may not ask your friends to be your co-signers either. Needless to say, the income of the parents (or rather the applicants) does not count.
|Let us help!|
The only acceptable source of verifying the income is the Notice of Assessment (NOA) by the Canada Revenue Agency (CRA). Alternatively, you may consider the Option C Printout by CRA. Consequently, look at line 150 of the NOA to identify your income. Since you may end up applying in early 2021, make sure to file your taxes as quickly as you can so you have access to your NOA for 2020.
|Let us help!|
The minimum necessary income depends on the family size of the sponsor. Of course, it also includes the sponsored persons. For example, if the sponsor is single and she is sponsoring her mother then the number is 2. As another example, if the sponsor has a spouse and two dependent children and they are sponsoring her mother and father then the number is 6 (i.e. the sponsor, the spouse, two children, and two parents).
You must include your other undertakings (e.g. co-signing for your spouse) in the calculations. I have presented two examples in the following article:
|Let us help!|
The government of Canada has decided to consider your income in 2018, 2019, and 2020 for sponsoring your parents in 2020. The following table shows the minimum necessary income based on the total number of family members and the sponsored people.
|Size of Family Unit||2018||2019||2020*|
|If more than 7 persons, for each additional person, add||$8,740||$8,876||$7,121|
*Due to the economic impact of the year 2020, the government will consider LICO 2020 instead of LICO+30% for this year.
If you wish to visit or move to Canada, please fill out our free assessment form. We will review it for free, but we will contact you only if we find an opportunity for you. Alternatively, you may book a consultation session. Consultation sessions are not free, but you will receive formal advice from a licenced practitioner.
This article provides information of a general nature only. Considering the fluid nature of the immigration world, it may no longer be current. Of course, the item does not give legal advice. Therefore, do not rely on it as legal advice or immigration advice. Consequently, no one could hold us accountable for the content of these articles. Of course, if you have specific legal questions, you must consult a lawyer. Alternatively, if you are looking for immigration advice, book an appointment.
The characters and places in the articles:
All the characters and locations in the articles are fictional, unless otherwise clearly stated. Therefore, any resemblance in names, dates, and places is coincidental.
For our official addresses, trust this website only. We currently do not have offices outside Canada. Therefore, anyone who claims to be our agent is committing fraud. Also, note that we do not issue any work permits or study permits or similar documents. The government of Canada has the sole authority to issue such material.