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How much income does the guarantor need?
As a sponsor (also including a spouse or common-law partner as a co-sponsor), you must prove that you have sufficient income to ensure that you can be a sponsor for your parents or grandparents after they immigrate. Provide financial support to all family members.
The sponsor must meet the income requirements for each of the three consecutive years before the date of being invited to apply for sponsored immigration.
For example, for parent reunification immigration applications in 2022, the Immigration Bureau will evaluate the sponsor’s annual income in 2019, 2020, and 2021.
If a spouse or common-law partner serves as a co-signer, the combined family income of both parties needs to be considered; if there is no co-signer, then only the co-signer will be considered one's own income.
Previously, the Minister of Immigration has announced the income requirements for 2021 and will continue to relax the standards. You only need to meet the minimum income requirements in 2021 and do not need to reach the minimum income of 30% or more. At the same time, regular unemployment insurance EI in 2021 can also be counted. Income for 2021. /zd/lx
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