Hi everyone;
I would like to know if LICO for a relative is different than Parents and Grand parents. 12 months for relatives and 3 years NOA for PGP.
I know that spouse and child are exempted from LICO. I see in the two links below when you sponsor a relative the LICO is based on the last 12 months in Canada( Not Quebec) and the PGP is 3 years taxes with NOA.
Link 1:
https://www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/permanent-residence/non-economic-classes/family-class-assessing-sponsor.html#financial
Go to - Financial requirements
Acceptable evidence of income is a copy of an NOA or Option C printout from the CRA for the most recent year available. Where an NOA or Option C printout is unavailable – for instance, if the sponsor has not recently filed an income tax return – or does not capture all income for the 12 months preceding the application, the CPC may consider letters from employers, pay statements or, if self-employed, contracts and receipts for services rendered.
For family class categories where MNI requirements must be met, a sponsor cannot be found eligible if they fail to meet MNI, even if they (and the co-signer, if applicable) have good employment prospects, considerable assets or other family members willing to provide additional support.
Income requirements for sponsoring parents and grandparents
Sponsorship requirements for parents and grandparents are designed to ensure that sponsors provide evidence of their ability to provide long-term financial support. For sponsorship applications received by IRCC on or after January 1, 2014, sponsors and co-signers must meet or exceed MNI of the LICO, plus 30% for each of the three taxation years immediately preceding the date of the application for which the CRA issues an NOA or Option C printout). Undertakings for parents and grandparents remain in effect for 20 years after the sponsored parent or grandparent (and any accompanying dependants) becomes a permanent resident.
Link 2- https://workstudyvisa.com/low-income-cut-off-canada/
LICO must be met in the following situations
Questions:
Is it true or false?
Those who are sponsoring under other relative category; did you provide 3 years NOA or 12 months?
Thank you.
I would like to know if LICO for a relative is different than Parents and Grand parents. 12 months for relatives and 3 years NOA for PGP.
I know that spouse and child are exempted from LICO. I see in the two links below when you sponsor a relative the LICO is based on the last 12 months in Canada( Not Quebec) and the PGP is 3 years taxes with NOA.
Link 1:
https://www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/permanent-residence/non-economic-classes/family-class-assessing-sponsor.html#financial
Go to - Financial requirements
- Income requirements for sponsoring parents and grandparents
- Income requirements for sponsoring “other relatives”
Acceptable evidence of income is a copy of an NOA or Option C printout from the CRA for the most recent year available. Where an NOA or Option C printout is unavailable – for instance, if the sponsor has not recently filed an income tax return – or does not capture all income for the 12 months preceding the application, the CPC may consider letters from employers, pay statements or, if self-employed, contracts and receipts for services rendered.
For family class categories where MNI requirements must be met, a sponsor cannot be found eligible if they fail to meet MNI, even if they (and the co-signer, if applicable) have good employment prospects, considerable assets or other family members willing to provide additional support.
Income requirements for sponsoring parents and grandparents
Sponsorship requirements for parents and grandparents are designed to ensure that sponsors provide evidence of their ability to provide long-term financial support. For sponsorship applications received by IRCC on or after January 1, 2014, sponsors and co-signers must meet or exceed MNI of the LICO, plus 30% for each of the three taxation years immediately preceding the date of the application for which the CRA issues an NOA or Option C printout). Undertakings for parents and grandparents remain in effect for 20 years after the sponsored parent or grandparent (and any accompanying dependants) becomes a permanent resident.
Link 2- https://workstudyvisa.com/low-income-cut-off-canada/
LICO must be met in the following situations
- Sponsoring parents or grandparents (LICO + 30%, in the 3 preceding years)
- Super visa (12-month LICO)
- Federal Skilled Worker Program (6-month LICO )
- Federal Skilled Trades Program (6-month LICO )
- Sponsoring any other family members or relatives, except those who are exempted (see above) (12-month LICO )
- Start-up Visa Program (6-month LICO)
- Only spouses or common-law partners may help to meet LICO requirements by co-signing the financial undertaking.
Questions:
Is it true or false?
Those who are sponsoring under other relative category; did you provide 3 years NOA or 12 months?
Thank you.
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