I am self employed and wanted to know if I can use my gross business income to qualify or do I have to use the profits from my business (net income) to meet the criteria for parents sponsorship. I’ve checked the official website but they don’t provide clear direction. Hope I can get some clarification. Thanks.
Income Qualification
- Thread starter albertchew
- Start date
Short answer is no. Only income from your personal tax return will be accepted. Income from your business / corporation cannot be included.
The business income is reported on my personal tax returns. Its under my name. I don’t file separate taxes for my business nor do I have a corporation. My only concern is whether I can use my gross annual income or do they consider the net income (profits).
