The “financial ability” component plays a crucial role in the success of a Family Class Sponsorship application. It is in fact the deciding factor when it comes to this category of sponsorship applications.
The “financial ability” of Family Class Sponsorship applications can broadly be classified into two. They are:
Financial ability requirements for family class applications in any province except Quebec
In this category, the sponsor must be able to prove that he or she meets (or exceeds) the Minimum Necessary Income (MNI), also known as the Low-Income Cut-Off (LICO) with respect to the sponsor’s family size, as established by Statistics Canada, unless:
The sponsor is eligible for sponsoring the individual only if the below deductions from the “total family income” meets or exceeds the values provided in the table below.
Note: Workmen’s compensation payments for permanent disabilities are waived-off from this requirement.
|Members in the family||Minimum Necessary Income (MNI)|
|For each additional person, add||8,148|
In case if the sponsor is unable to meet the minimum income requirements, the sponsor’s spouse or common-law partner may co-sign in the sponsorship application. In this case:
Financial ability requirements for family class applications in the province of Quebec
In this category, the sponsor must meet the minimum income requirements for the given family size as defined by the Quebec government, unless:
Table Q1 – minimum income requirements for a sponsor for sponsoring a dependent in the province of Quebec:
|Number of dependent(s)||Gross income (annual) to be met by the sponsor (C$)|
|For each additional dependent, add||4,795|
Table Q2 – minimum income requirements for a sponsor for sponsoring a non-dependent in the province of Quebec (the person may be below 18 years of age, 18 years of age, or over 18 years of age, as the case may be; but not a dependent to the sponsor):
|Person(s) under the age of 18||Persons who are aged 18 and above||Gross income (annual) to be met by the sponsor (C$)|
Important notes: In table Q2 above: