Financial ability is one of the most important documents for immigration to Canada.You can show your financial ability to the Canada Government through …
Family Class Sponsorship for those Residing in Canada (Excluding Quebec)
The Financial requirements for Canada Family Class Sponsorship for those residing in Canada (excluding Quebec) are as follows:
A sponsor must demonstrate a level of income that meets the minimum necessary income or low-income cut-off (LICO) for a given family size, as established by Statistics Canada. The sponsor is freed from this requirement if:
To determine if the sponsor’s total income is sufficient, one must deduct the following from the total family income:
The resulting amount must exceed the minimum income levels shown in this chart:
Size of Family Unit | Minimum necessary income |
2 Persons | $37,708 |
3 Persons | $46,354 |
4 Persons | $56,280 |
5 Persons | $63,833 |
6 Persons | $71,991 |
7 Persons | $80,153 |
Each additional person | $8,148 |
If the Sponsor is unable to demonstrate a financial ability to provide for the essential needs of the immigrant, his or her spouse, common-law partner, or conjugal partner may act as a co-signer, if:
Family Class Sponsorship for those Residing in Quebec
Financial requirements for Canada Family Class Sponsorship for those residing in Quebec are as follows.
A Canadian sponsor residing in Quebec must demonstrate a level of income that meets the minimum income for a given family size, as established by the Quebec government in the chart below. The sponsor is free from this requirement if:
The sponsor must be able to prove a steady income and one that has consistently exceeded the low income cut-off over the last 12 months.
Basic needs of sponsor and dependent persons:
Number of dependent persons | Gross annual income of sponsor |
0 | $22,147 |
1 | $29,897 |
2 | $36,912 |
3 | $42,452 |
4 | $47,247 |
Each additional dependent | $4,795 |
Basic needs of Sponsored Person(s):
Persons 18 and over | Persons under 18 | Annual gross amount required by sponsor |
0 | 1 | $7,666 |
0 | 2 | $12,150 |
The annual gross amount required is increased by $4,008 for each additional person under 18. | ||
1 | 0 | $16,200 |
1 | 1 | $21,766 |
1 | 2 | $24,576 |
The annual gross amount required is increased by $2,778 for each additional person under 18. | ||
2 | 0 | $23,756 |
2 | 1 | $26,613 |
2 | 2 | $28,728 |
The annual gross amount required is increased by $2,109 for each additional person under 18 and by $7,553 for each additional person over 18. |