Suin said:
Hello guys,
could you please advise how much minimum income should be for a family of 5 with 1 sponsored parent? we are getting worried that our accountant has not filed enough. please do help with calculation.
thank you.
hi, hope this helps
If Canadian or Permanent Resident want to sponsor their parents or grandparents to immigrate to Canada, they must have a minimum income every year. The following we listed each year’s Low Income Cut-Off for federal government Low Income Cut-Off.
We list them here just want to let us see how Canada Government is increasing the requirement of low income, no matter the economic status was worse or better in that year.
We can see the Low Income Cut-Off is on the one way to going up, people need more income year by year:
Effective from January 1 to December 31 2012
Low Income Cut-Off (LICO)
Size of Family Unit Minimum necessary income
1 person (the sponsor) $22,637
2 persons $28,182
3 persons $34,646
4 persons $42,065
5 persons $47,710
6 persons $53,808
7 persons $59,907
More than 7 persons, for each additional person, add $6,099
Effective from January 1 to December 31 2011
Size of Family Unit Minimum necessary income
1 person $22,229
2 persons $27,674
3 persons $34,022
4 persons $41,307
5 persons $46,850
6 persons $52,838
7 persons $58,827
More than 7 persons, for each additional person, add $5,989
Effective from January 1 to December 31 2010
Size of Family Unit Minimum necessary income
1 person (the sponsor) $22,171
2 persons $27,601
3 persons $33,933
4 persons $41,198
5 persons $46,727
6 persons $52,699
7 persons $58,673
More than 7 persons, for each additional person, add $5,974
Effective from January 1 to December 31 2009
Size of Family Unit Minimum necessary income
1 person (the sponsor) $21,666
2 persons $26,972
3 persons $33,159
4 persons $40,259
5 persons $45,662
6 persons $51,498
7 persons $57,336
More than 7 persons, for each additional person, add $5,838
Effective from January 1 to December 31 2008
Size of Family Unit Minimum necessary income
1 person (the sponsor) $21,202
2 persons $26,396
3 persons $32,450
4 persons $39,399
5 persons $44,686
6 persons $50,397
7 persons $56,110
More than 7 persons, for each additional person, add $5,713
Effective from January 1 to December 31 2007
Size of Family Unit Minimum necessary income
1 person (the sponsor) $20,337
2 persons $25,319
3 persons $31,126
4 persons $37,791
5 persons $42,862
6 persons $48,341
7 persons $53,821
For each additional person $5,480