The Canadian Government resumed intake of the Parent and Grandparent Sponsorship applications on January 2, 2014, after a pause of 24 months, with amended regulations to achieve the objective of reducing wait times and avoid future backlogs. In 2014, 5,000 applications will be accepted under the new program.
The Canadian sponsors are now subjected to new requirements to be eligible to sponsor their parents or grandparent as follows:
- The sponsorship agreement period has been increased to 20 years from 10 years. As such, the sponsor must commit to provide for the basic needs of their parents/grandparents for a period of 20 years.
- The minimum necessary income required to establish financial sufficiency of the sponsor has been increased by 30%. The Minimum necessary income + 30% required is calculated based on the number of persons the sponsor is already supporting and would be supporting.
- The minimum necessary income (MNI) of the sponsor and co-signer (if applicable) has to be be equal to or greater than MNI plus 30% in the three consecutive taxation years preceding the date of their application.
- Only documents issued by Canada Revenue Agency such as Notice of Assessment or Option C print will be considered toward Evidence of income
It is expected that with new changes described above, there will be significant decrease in processing time that would allow parents to reach Canada sooner that used to be the case in previous regulations.
For more information on parents and grandparents sponsorship, please contact us in Toronto or send us an email at email@example.com