Financial Responsibility when Sponsoring

The financial test is needed to prove that sponsors can support sponsored persons for the period of the undertaking.

Financial Resources:

  • May include the resources of the sponsor’s spouse or common-law partner if the sponsor’s financial resources are inadequate and the sponsor’s spouse or common-law partner declares their resources as income on their Canadian tax return and they co-sign the undertaking
  • Cannot include pooled resources from other relatives to meet the income test. Financial resources must originate from Canadian sources

Exceptions to Canadian income rule

The exceptions to the Canadian income rule are as follows:

  • Sponsors who commute from Canada to work in the U.S.A. can use their U.S. employment income provided it is declared as income on their Canadian income tax return,
  • Sponsors living in Canada who declare income from foreign sources on their Canadian tax returns, can use this foreign income to meet the financial requirements for sponsorship.

Discretionary approval of financial requirements is not possible.

 Contact Us

For further information with respect to your Canadian immigration, we invite you to contact our experienced immigration representatives. 

Latest Immigrations News

  • December 3, 2013

    Family Class Sponsorship

    The Family Class Sponsorship application is available if you are a Canadian citizen or a permanent resident living in Canada, and you want to sponsor close family members living abroad, including: Spousal Sponsorship: If you are a Permanent Resident of Canada or a Canadian citizen, you are eligible [...]

  • December 2, 2013

    Family Class Sponsorship Calculating Required Income

    The total number of persons determines the amount of income required to sponsor and determines which LICO to use. Sponsors should count: Themselves, and any family members to whom they provide support, The persons they are now sponsoring, including all family members of the sponsored person, whether these [...]

  • December 2, 2013

    Family Class Sponsorship The Financial Test

    The financial test is needed to prove that sponsors can support their relatives for the period of the undertaking. Sponsors in Quebec are subject to that province's financial criteria. Sponsors must show they have the minimum necessary income (LICO) to support the sponsored persons as well as their [...]

Consultation icon

Book a Conslutation

One of our Representatives will
assist you with your matter. Book Now!
Click here

Call us icon

Call us for
more Information

+1-416-477-2545
Toll Free: 1-877-820-7121
Click here

Write Us (Online Form)

Complete our form and one of our
Representatives will contact you.
Click here

Akrami & Associates logo element small

Subscribe To Our Newsletter

Akrami & Associates logo element

There is always a way