I am looking to sponsor my in laws in 2018 (my wife will be co-signor).
We are having a baby in the middle of 2017.
My understanding is that the LICO is applicable on the date the application would be submitted. I.e..As its February we would be required to show for a family size of 4 for 2015, 2016, 2017 (based on how the income was requested for last years draw).
What happens once the baby is born? I assume we would have to meet the requirements for a family of 5 for the 2018 tax year and then family of 4 in the other years? EDIT: I mean should we be picked in the draw in February, 2018. I know if we got picked out in 2019 instead we would have to meet the family of 5 requirements for 2016, 2017 & 2018.
I've read a few conflicting statements for this and was wondering whether anyone had specifically had any experience with dealing with this issue with CIC.
TIA!
We are having a baby in the middle of 2017.
My understanding is that the LICO is applicable on the date the application would be submitted. I.e..As its February we would be required to show for a family size of 4 for 2015, 2016, 2017 (based on how the income was requested for last years draw).
What happens once the baby is born? I assume we would have to meet the requirements for a family of 5 for the 2018 tax year and then family of 4 in the other years? EDIT: I mean should we be picked in the draw in February, 2018. I know if we got picked out in 2019 instead we would have to meet the family of 5 requirements for 2016, 2017 & 2018.
I've read a few conflicting statements for this and was wondering whether anyone had specifically had any experience with dealing with this issue with CIC.
TIA!