Financial capacity evaluation
 
 
 
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Financial capacity evaluation

You must demonstrate that you have, over the past twelve months and will continue to have at your disposal sufficient financial resources for the duration of the undertaking. The following elements are considered. The following elements are considered:

  • your income as well as that of your spouse, if he or she co-signs the sponsorship agreement with you
  • the income required to satisfy your own family unit’s basic needs
  • the income required to satisfy the basic needs of the sponsored person and, if applicable, his or her family members, whether or not they accompany the sponsored person
  • and, if you have already sponsored someone and your undertaking is still valid, the basic needs of the persons included in this previous undertaking.

The total gross annual income required for the sponsor (guarantor) represents the SUM of the income established in Table 1 and the income established in Table 2. This income is indexed each year.

Note: Amounts in effect from January 1st until December 31, 2017.

Table 1

Basic income required of the sponsor to satisfy
his or her own family unit’s basic needs
Total number of members
in your family unit
Basic annual income required
1
C$23,113
2
C$31,200
3
C$38,521
4
C$44,303
5
C$49,307
The gross annual income is increased by C$5,004 for each additional dependent.

Table 2

Additional income required of the sponsor
to satisfy the basic needs of the sponsored person
and his or her family members
Number of persons
18 years of age or over
Number of persons
under 18 years of age
Gross annual income
required of the sponsor
 
1
C$8,000
 
2
C$12,680
The gross annual income required is increased by C$4,228 for each additional person under 18 years of age.
 
 
 
Number of persons
18 years of age or over
Number of persons
under 18 years of age
Gross annual income
required of the sponsor
1
C$16,906
1
1
C$22,714
1
2
C$25,648
The gross annual income required is increased by C$2,932 for each additional person under 18 years of age.
 
 
 
Number of persons
18 years of age or over
Number of persons
under 18 years of age
Gross annual income
required of the sponsor
2
C$24,791
2
1
C$27,772
2
2
C$29,981
The gross annual income required is increased by C$2,201 for each additional person under 18 years of age and by C$7,882 for each additional person 18 years of age or over.

 

If you must demonstrate that you have sufficient financial resources to sponsor a person, you can calculate the required income using an electronic calculator.

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Last modification : 2016-12-29
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