Parent Grandparent Income Requirements

https://emigratecanada.com/pgp-income-requirements/

In today's episode, we're going to look at how to calculate your income when looking to sponsor parents, grandparents, or both to immigrate to Canada. And put simply when you apply to sponsor your parents or grandparents, you have to prove that you have enough money set aside through either through savings or earnings or dividends or from a gift to meet the income requirements in order to do it.

Now, the income requirement does vary for parents and grandparent applicants, depending on the size of your immediate family. It depends on your immediate family, the number of people being sponsored. And of course, whether you're sponsoring family members in say, British Columbia or Quebec, there's going to be a little difference between Quebec and the other Canadian provinces.

So the first thing we need to do when working out your income requirements for the PGP visa is actually calculate the size of the family unit right now. And the size of the family unit is based on who you (being the sponsor), are currently supporting in Canada right now, as well as anyone who you are planning to sponsor in the future.

This is because the IRCC really want to see that you've got enough funds or enough resources to be able to support yourself, your immediate family and anyone else who you're looking to bring into the country. And the main reason for this is simply that they want to ensure that anyone coming into the country isn't going to be an immediate financial burden on the state.

So then how do we count family members? Well, for the purposes of the PGP family members are going to include yourself, obviously, your husband or wife, spouse or boyfriend or girlfriend, common law partner, any dependent children that you have, any dependent children that your husband or wife or spouse or partner has. It's going to include any other person that you previously sponsored in the past for who you are perhaps still financially responsible.

It's going to include the parents and grandparents that you want to sponsor. And of course, your parents and grandparents, their spouse, partner and dependent children, even if they are not coming to Canada with them.

Do remember that when applying to sponsor your parents or grandparents and any dependent children that they that they have, if their children are over the age of 22 or not in full time education, they are not considered dependent.

Okay, so how does this all fit together? Well, the IRCC is going to look at your income for the three consecutive tax years before you make the application.

This is called the minimum necessary income. And it applies to the sponsor, not to their parents or grandparents. Although thankfully they do have a little bit of leeway, which means that perhaps if you can't quite make the minimum necessary income, then you can apply to have your spouse or common law partner as a cosigner to help meet the financial requirements of this undertaking.

Now the minimum necessary income does change each year. It does tend to sometimes fluctuate, fluctuate upwards and downwards, although more often than not it does increase year upon year. So as of right now, the minimum necessary income for you as the sponsor with a family size of two people will be $32,270 Canadian dollars. If you have three people in your family unit, it would be $39,672 for four people it's $48,167. For five people, it's $54,630. For six people it's $61,613. If there's seven people, it's $68,595.


https://emigratecanada.com/es/pgp-income-requirements/