Its back now, IRCC has announced it: This is just inWow! For the 2020 income requirements it is like 25% lower than for 2019!
Wonder why they took it off? Maybe they want to lower it further. 2020 incomes wont be required?
How much income do I need to sponsor my parents and grandparents?
You, the sponsor (and your co-signer, if you have one) must prove you have enough income to support all the people you’ll be financially responsible for once you become a sponsor. This includes yourself.
If you’re invited to apply, you have to provide proof that you meet the income requirements for each of the 3 tax years before the date you apply.
We can’t assess whether you meet the income requirements until you apply (if you’re invited).
Note: Because the program has opened later than usual this year, sponsors will be invited to apply near the end of the year so we expect to get applications in early 2021 (likely January and February). Because of this, we’ll assess sponsors on their income for tax years 2020, 2019 and 2018.
We know you may not get your 2020 Notice of Assessment (NOA) until after you apply. So, for the 2020 process, we’ll accept your application if you include your 2019 and 2018 NOAs along with it, and submit your 2020 NOA as soon as it’s available.
This table applies to you if you live in any province except Quebec. If you live in Quebec, the Quebec ministry in charge of immigration will assess your income.
Income required for the 3 tax years right before the day you apply (sponsors applying in 2021)
Total number of people you’ll be responsible for | 2020Footnote1 | 2019Footnote1 | 2018Footnote1 |
---|---|---|---|
2 people | $32,899 | $41,007 | $40,379 |
3 people | $40,445 | $50,414 | $49,641 |
4 people | $49,106 | $61,209 | $60,271 |
5 people | $55,695 | $69,423 | 68,358 |
6 people | $62,814 | $78,296 | $77,095 |
7 people | $69,935 | $87,172 | $85,835 |
If more than 7 people, for each additional person, add: | $7,121 | $8,876 | $8,740 |
Note: This does not affect the income requirements for the 2019 and 2018 tax years.
Footnote
Footnote 1
To prove you meet the income requirements, you must include your Notice of Assessment from the Canada Revenue Agency (CRA) for the last 3 tax years before you apply (2020, 2019 and 2018). The easiest way to prove your income is to give us permission to get your Notices of Assessment directly from the CRA.
https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1445&top=14