The difference between Canadian super visa and ordinary visa

The difference between Canadian super visa and ordinary visa

Canada Super Visa is applicable to residents or citizens of Canada and parents and grandparents of immigrants waiting for visa approval. The validity of the super visa can be as long as 10 years, and the winner can stay for up to 24 months at a time, during which there is no need to renew it. Parents and grandparents who apply for a super visa must meet the conditions of passing physical examination, enjoying effective medical insurance and obtaining financial guarantee for their children or grandchildren.

For the specific requirements of super visa, the family income threshold is the same as that of reunited immigrants, and private medical insurance with a one-year insurance coverage of 654.38 million Canadian dollars must be purchased. Judging from the experience during this period, most applicants have successfully obtained super visas. Obviously, the super visa is still very attractive to the Chinese community. However, due to the cost of super visas, many families hesitate or give up the idea of applying for super visas for their parents or grandparents.

Everyone knows that buying private medical insurance is one of the necessary conditions for applying for a super visa, and they are prepared to bear the medical expenses of their parents or grandparents during their stay in Canada. However, the requirement of 65438+ ten thousand insurance coverage surprised everyone. It is widely reported in the media that it costs 8000 yuan or 10000 yuan a year to buy medical insurance for parents, which leads to more disputes about super visas. The cost of travel insurance for visiting relatives for one year needs to be analyzed in detail. Travel to visit relatives insurance gives the daily premium price according to different age groups and different insurance coverage. With the growth of age and the increase of insurance coverage, the premium is increasing. Therefore, the annual premium of 6,543,800 yuan cannot be generalized, depending on the specific age and physical condition of the applicant.

If you still apply for a super visa, let's see what methods can directly or indirectly reduce the burden of some fees. First of all, make good use of deductibles. Different deductibles will give different discounts to the price, which can make the price cheaper. With the implementation of super visa, various insurance companies constantly adjust their plans to meet the needs of different customers and increase the choice of different base fees. At present, there are 50,100,250, 1000, 3000,5000, 10000, and some companies can have up to 40%.

Of course, this needs to happen when the medical expenses are discounted by themselves, and the part above the discount amount claims from the insurance company; Third, use the tax policy to indirectly reduce some burdens for yourself. On the one hand, parents' insurance premiums can be collected as medical expenses when they declare personal income tax (T 1General), which can reduce the taxable income within a certain income range, thus effectively increasing the tax refund; On the other hand, parents who come to visit relatives in Canada are not Canadian tax residents, but if they live in Canada for more than 183 days, they become de facto tax residents.

Through certain technical treatment, parents can separately declare personal tax (T 1General) to CRA, thus obtaining GST/HST tax rebate, which is also considerable, thus indirectly reducing the burden of insurance premiums. At the same time, if parents are over 65 years old, they can apply for CaregiverAmount when filing tax returns, which can increase the credit to a certain extent and return more taxes.

If you weigh it again and again, you can still choose a single entry visa or a multiple entry visa instead of a super visa. In this case, although it is troublesome for parents to stay in Canada for a long time at a time, it is still possible. At the same time, it is not compulsory to buy medical insurance. However, this does not mean that there is no need to buy medical insurance for parents, but there are more choices. You can choose1-50,000, and the time can also be decided according to the situation within one year.