Income or Bank Balance

[mr.preetsingh]

Does this apply to Hsw. what is the financial requirement for a family of 2 to hire a worker

https://www.settler.ca/english/lico-2021-canada/

 

[james_va]

P

I am pretty sure I read on canada.ca about 85K CAD or more should be the annual income of Employer and NOA should be proved for 3 years under that 85 K CAD income.

Please can you share that link where it is mentioned

 

[mr.preetsingh]

P

Please can you share that link where it is mentioned

I tried searching for that a lot, didn't find it. Sorry dude... May be I read on a consultant website.

 

[mehru]

Its a calculation....
The thumb rule is
Your annual income – LICO based on your family size – the worker’s salary > 0

Your annual income - $ 49,106 (LICO in Winnipeg for a family of 4) - $11.90 CAD per hour (minimum wage Winnipeg) Should be > 0
Your annual income - $ 49,106 (LICO in Winnipeg for a family of 4) - $ 25 K CAD (salary of HCCP Employee - Avg) Should be > 0

Now, for the job offer, I have put 17 CAD for HCCP in my application, since 11.90 is too low and the applicant's LICO should match to some extent

Then if you have a mortgage and other debts (although it should not matter but who knows what IRCC is looking for), Your salary should be more than 60-70 K CAD in Manitoba to become an employer....

And if the annual income is 85K CAD, there is no doubt about rejection on terms of a job offer after paying the worker’s salary and after deducting the amount equal to Low Income Cut-off based on your family size, you should still be able to have some savings left to justify hiring a worker.

Now, if your employer is in BC or Ontario, these factors will change according to the province.

I did ask a number of consultants about Employer annual income, and everybody was recommending 85K CAD +

Rest, you can do the math yourselves...

It is ok if income will be $74000 in Winnipeg and employer family members only 3 and sponsor caregiver with $14.50 single, how about this, plz reply

 

[mr.preetsingh]

It is ok if income will be $74000 in Winnipeg and employer family members only 3 and sponsor caregiver with $14.50 single, how about this, plz reply

I am not an immigration officer, so I can't comment if this is right or wrong.

The only data I have is, I discussed this with two consultants in Canada, one being in business for last 3 years and second for last 20+ years... and both said,,, should be greater than 85 K CAD for Winnipeg. You should consult an RCIC for this.

 

[Naturgrl]

It is ok if income will be $74000 in Winnipeg and employer family members only 3 and sponsor caregiver with $14.50 single, how about this, plz reply

You will want to have caregiver pay meet median wage.

https://www.jobbank.gc.ca/wagereport/occupation/17171

 

[mehru]

Its a calculation....
The thumb rule is
Your annual income – LICO based on your family size – the worker’s salary > 0

Your annual income - $ 49,106 (LICO in Winnipeg for a family of 4) - $11.90 CAD per hour (minimum wage Winnipeg) Should be > 0
Your annual income - $ 49,106 (LICO in Winnipeg for a family of 4) - $ 25 K CAD (salary of HCCP Employee - Avg) Should be > 0

Now, for the job offer, I have put 17 CAD for HCCP in my application, since 11.90 is too low and the applicant's LICO should match to some extent

Then if you have a mortgage and other debts (although it should not matter but who knows what IRCC is looking for), Your salary should be more than 60-70 K CAD in Manitoba to become an employer....

And if the annual income is 85K CAD, there is no doubt about rejection on terms of a job offer after paying the worker’s salary and after deducting the amount equal to Low Income Cut-off based on your family size, you should still be able to have some savings left to justify hiring a worker.

Now, if your employer is in BC or Ontario, these factors will change according to the province.

I did ask a number of consultants about Employer annual income, and everybody was recommending 85K CAD +

Rest, you can do the math yourselves...

Brother please check this income 35000 t1 general 35000 t2 general and 10000 wife , total 80000 ,, it’s valid . T2 general will be considered. Plz reply