Sponsorship of parents, children, spouses (common-law, conjugal, same sex), refugees.
Do I Meet Income Requirement? - Parent Sponsorship
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ForumUser Posts: 541
Posted On: 7/20/2017
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Won the lotterie to sponsor my parents. My family consists of 5 (my wife, 3 childrens and myself .
i am the only one working with a gross income of $77k) I would like to know if i meet financial requirement...
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Moderator Moderator Posts: 4142
Posted On: 7/31/2017
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Hello,
Thank you for sharing your situation and question with us.
We can appreciate that you would be interested in this type of information.
You can find some detailed information in the Guide 5772 - Application to Sponsor Parents and Grandparents in the Federal Income Table for sponsors of parents and grandparents section.
I hope this information is helpful. Please let us know if you have further questions and if there is any follow up to your question/situation.
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Anna
Settlement.Org Content and Information/Referral Specialist, CIRS
Settlement.Org
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PMM Posts: 661
Posted On: 7/31/2017
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Hi
ForumUser wrote:
Won the lotterie to sponsor my parents. My family consists of 5 (my wife, 3 childrens and myself .
i am the only one working with a gross income of $77k) I would like to know if i meet financial requirement...
1/ It would appear not, for a family of 7 your family + parents you would require the following income for the previous 3 years.
Minimum Income
2016 Minimum Income
2015 Minimum Income
2014
7 persons $83,695
| $82,091 | $81,355 |
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desiboyz Posts: 5
Posted On: 9/23/2017
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Hi
I started my job after completing my undergrad in 2015. I want to sponsor my both the parents. My income from employment is as under.
Year 2015 $39150
Year 2016 $58000
Year 2017 $72000
I am alone in Canada right now.
I am little confused about the forms.
IMM 5772 requires 3 years income above a certain level.
IMM 5482 says income for last 12 months is considered for the Financial Evaluation Form no. IMM 1283 required for the purpose of sponsoring the parents.
If I propose to apply in Jan 2018, will I be eligible to apply ?
Thanks
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