family size and income requirement

[amdk11]

I am completing IMM 5748 Income Sources form. How does CIC determine the minimum income required for the preceding years?

Family size

2015 = 7 (me, husband, 1 kid, my parents, 2 previous undertakings in-laws)
2016 = 9 (twin born in 2016)
2017 = 9
2018 = 10 (newborn in 2018)

Is family size determined on the day of application? i.e. 10 for all the years?

our personal income based on NOA Line 150

2017 = $168,991
2016 = $101,692
2015 = $93,532

2015 and 2016 income falls short of the requirement if it is calculated based on 10 persons. however, we only took out enough salary and dividends to meet personal needs from our business, the rest is in retained earning (around $70,000 in 2016, $79,000 in 2015). Does business income count?

 

[canuck78]

The income needs to be enough for 10 people. Unfortunately sheltering money to reduce taxes will result in your application being refused.

 

[Buletruck]

Business income does not count.

 

[scylla]

Your family size is 10 people for all three years.

You cannot include business income. The income must be declared in your personal tax return.

You will have to wait a few more years before you qualify to sponsor. Right now you do not meet the income requirements.