Spousal Sponorship Income

[kcd123]

Hello,

Thank you for being gracious enough to read and possibly answer my concerns.

I am in the process of starting a small business so my income is limited, however I have around 70K in liquid assets.....so is it still possible to sponsor my future spouse? Further to the point can you have a co-sponsor (my parents) that can definitely cover all costs for the minimum requirement of 3 years? Therefore the government would have no concerns.

Thanks in advance for any responses.

 

[Canadian_belle1]

Yes you can have a co-sponsor but you may not require one. They do recognize self-employment & you will want to provide as many financial details as possible.

Good luck!

 

[screech339]

Yes you can have a co-sponsor but you may not require one. They do recognize self-employment & you will want to provide as many financial details as possible.

Good luck!

You cannot have a co-signer for spousal sponsorship. Only the spouse is responsible. So he cannot get his parents as co-signer.

Co-signers (usually the other spouse) are available for children and parent/grandparents sponsorship.

As for income, there is no minimum income requirement but as long as he is self employed, this will provide proof that he can support his future spouse without resorting to social assistance.

Screech339

 

[Canadian_belle1]

Silly me. Screech is correct. Your parents cannot ci-sign for your spouse. Just focus on proving your income.

 

[kcd123]

Thank you for your responses......one more question if you don't mind....does the fact that I have a considerable amount of liquid assets count towards verification of income/show that we will not be a burden (ie. social assistance) to the system?

 

[Canadian_belle1]

I have no clue about that. Your CRA Option C printout will be an important factor to determine that you manage to support yourself with your own income & your income in the last 12 months will also have to be accounted for. Some students relying on student loans get approved as sponsors so I would think that you should be okay. As long as you don't rely on social assistance.

Fill out your sponsor evaluation and you will see how "healthy" your income history looks.

Good luck!

Isabelle

 

[kcd123]

Thanks for the information Isabelle

 

[screech339]

As long as you have been filing income tax for the past years, you should be fine. Option C printout will not only verify your income it also determined whether you have been on social assistance for the past 12 years or not. Remember there is no minimum income. As long as you are working, you will be fine.

CIC wouldn't care less if you were working minimum wage. As long as you bring in income and never used social assistance for the past 12 months, CIC says you are qualified.

Screech339

 

[wildwoman]

Hello everyone

 

[canadianwoman]

Thank you for your responses......one more question if you don't mind....does the fact that I have a considerable amount of liquid assets count towards verification of income/show that we will not be a burden (ie. social assistance) to the system?

Yes, it will help.
You can include a plan of how you and your spouse will support yourselves once she gets to Canada. You mention your job, your savings, and any support you can get from your parents, and include proof of all of that. For example, if your parents will let you live with them rent-free, have them write an affidavit or letter to that effect.