Hey guys I was selected to sponsor my parents this year, I am about to submit my application but something just caught my attention - the income requirement.
In 2019 my gross sales were $62,126.06 (Line 13499); I subtracted my business expenses and arrived at the following amount - $52,589 (Line 15000)
So far so good, right?
Now looking at my NOA:
15000 $52,589
Deductions from total income (CPP) $2,560
Net income $50,029
Whaaaat?!
Am I going to pass fin assessment or I wasted my spot in the lottery?! I want to sponsor 2 people (no dependents, I am alone) so I needed to make at least $50,414 in 2019
In 2019 my gross sales were $62,126.06 (Line 13499); I subtracted my business expenses and arrived at the following amount - $52,589 (Line 15000)
So far so good, right?
Now looking at my NOA:
15000 $52,589
Deductions from total income (CPP) $2,560
Net income $50,029
Whaaaat?!
Am I going to pass fin assessment or I wasted my spot in the lottery?! I want to sponsor 2 people (no dependents, I am alone) so I needed to make at least $50,414 in 2019
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