Super visa

[Copingwithlife]

No

One more question,now its 2025, I need to show income for 2024. Can I only provide T1 form to demonstrate my income without showing the NOA. The T1 form shows that my gross income, after deducting expenses, is $60,000 ?

No.
That’s what’s called reported income

You need the assessed income , which is when the Government assesses everything you’ve reported and accepts it

How do suddenly increase your income by $30,000 ?
Beware doing this can open up a Pandora’s box of tax issues . Manipulation of your income is frowned upon , to put it lightly

Btw there’s a term that’s used when one manipulates their income
Aggressive tax planning . Be prepared if you should come onto the CRA radar
Income doesn’t suddenly appear out of thin error

 

[forevermore76]

No


No.
That’s what’s called reported income

You need the assessed income , which is when the Government assesses everything you’ve reported and accepts it

How do suddenly increase your income by $30,000 ?
Beware doing this can open up a Pandora’s box of tax issues . Manipulation of your income is frowned upon , to put it lightly

Btw there’s a term that’s used when one manipulates their income
Aggressive tax planning . Be prepared if you should come onto the CRA radar
Income doesn’t suddenly appear out of thin error

Very unlikely CRA would care about $30k increase in income, they are focused on bogus refunds which they can't seem to control lol. Pretty much anything can be manipulated in Canada's immigration system.

 

[steaky]

Actually, I intend to increase both of our incomes by $30,000 combined so that we can meet the LICO requirements for a family of four. This means each of us would have an income increase of approximately $15,000 after expenses. This adjustment will help us qualify the LICO table for four people.
My question is: You mentioned waiting for the NOA. When I check the portal ,I can choose which documents to provide. If I decide to only submit a letter from my accountant and a T4 slip, would this still be a reason for refusal, considering that selecting documents is optional in the application process?

So are going to buy (or already bought in the previous year) some assets (such as stocks) that will generate those targeted income passively?

 

[canuck78]

Actually, I intend to increase both of our incomes by $30,000 combined so that we can meet the LICO requirements for a family of four. This means each of us would have an income increase of approximately $15,000 after expenses. This adjustment will help us qualify the LICO table for four people.
My question is: You mentioned waiting for the NOA. When I check the portal ,I can choose which documents to provide. If I decide to only submit a letter from my accountant and a T4 slip, would this still be a reason for refusal, considering that selecting documents is optional in the application process?

You can’t just increase your 2024 incomes it either already happened or it didn’t if you have the same expenses as the previous year. Although T4s are listed we have seen so many applications get rejected because of lack of NOA which is really what IRCC wants to see. Given previous application and being self-employed (unclear about your spouse) would wait until you have NOA.

 

[canuck78]

Very unlikely CRA would care about $30k increase in income, they are focused on bogus refunds which they can't seem to control lol. Pretty much anything can be manipulated in Canada's immigration system.

Agree that should be the goal but when people start manipulating their incomes within very unusual time periods to meet LICO they risk triggering further investigation.

 

[Hamii2]

So are going to buy (or already bought in the previous year) some assets (such as stocks) that will generate those targeted income passively?

No

 

[Hamii2]

You can’t just increase your 2024 incomes it either already happened or it didn’t if you have the same expenses as the previous year. Although T4s are listed we have seen so many applications get rejected because of lack of NOA which is really what IRCC wants to see. Given previous application and being self-employed (unclear about your spouse) would wait until you have NOA.

My spouse and I are both partners in a corporation, and our business is focused on imports. Our income has increased this year, so we were planning to file this year in a way that meets the LICO requirement for a household of 4.
I have one more question: My parents just want to stay 2,3 months . I only decided to apply for a super visa because I heard that visitor visa rejections have increased recently. What is your opinion on this?