Guide Imm 5482 – Instruction To Fill The Financial Evaluation Form (imm 1283)

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The Financial Evaluation form (IMM 1283) is one that helps grant access to you (and your common-law partner or your spouse, if he/she will be co-signing the undertaking) if you’ve got sufficient funds to provide for the people you intend to sponsor and their family members.

If you are going to sponsor anybody apart from:

1. Your child that has no other children of his/her own.

2. Your spouse, conjugal or common-law partner who has with no other family member

3. Your spouse, conjugal or common-law partner who has dependent who children with no other dependent persons of their own

you are required to show that you have sufficient yearly income that is at least equivalent to the least necessary income to sponsor the group of persons that include:

  • you and your family, irrespective of if they live with you or not
  • any other people you have a sponsor before and their family
  • any other person you have co-signed an undertaking with who is still effective or not yet effective
  • the person you intend to sponsor and his/her family
  • any other person that is not included among the groups of people listed above that your common-law partner or spouse has co-signed in an undertaking that is still is effective or not yet effective

In a case where you fail to meet the minimum financial requirements, or you are declared bankruptcy, salary earned within this time of bankruptcy will not be considered.

The Co-signer

Those who do not have sufficient funds of their own to cater for their relatives are allowed to get help from their spouse or common-law partner by co-signing the undertaking.

The co-signer has to:

  • Satisfy the same qualification requirements as the primary sponsor
  • accept to be liable for the basic requirements of the people the applicant intend to sponsor plus their family members under the agreed term of the undertaking.
  • Accept to co-sign the application to the sponsor

The co-signer is also responsible for any commitments that are not satisfied. Those sponsoring a common-law or conjugal partner, or spouse cannot get a co-signer. Those sponsoring a dependent child that is without children don’t need a co-signer.

Assistance, potential salaries, and assets from other members of the family are not considered.

Questions 1.B and 15 to 19 must be answered if one is co-signing the undertaking with a spouse

Social Assistance

This refers to any benefit, including money, provided help, goods or services offered by a province under a social assistance program. This also includes the shelter, fuel, shelter, food, clothing, utilities, healthcare not administered by public healthcare, personal requirements and household supplies.

Family Members and the People Involved In Undertakings In Effect Or Not Yet In Effect

The least salary you are required to earn to satisfy the requirements of the sponsorship undertaking is partly reliant on the number of people stated in questions 2 to 6. In each of the group reported in questions 3 and 4, put in the number of individuals included that are listed in the group and provide the details of everyone in the group as required by the form. An example has been entered in the box of question 2 to account for you. In a case where you have a common-law partner or spouse that is not included in 3, then complete 5, providing the data required. Input the number of your family members in 6 that were not included in 2, 3, 4, or 5, providing their data as requested in the form. Read each of the descriptions carefully. Include the number entered for each of the boxes given for the number of people in questions 2, 3, 4 and where necessary, 5 and 6. Include the sum in the space provided in question 7. This sum and the table for low-income cut-off will assist you to determine the least amount that you will need to fund.

Least Income Required

The least income data is shown in Table 3 below, check the column for a line that matches with the number of relatives or dependents as required in Box 7. This is equal to the amount of income you should have to sponsor them. Put the amount in question 8’s box.

Income Charts and Tables: Federal and Quebec Income Scales:

2015 Quebec Income Scale

Operational within 1st January to 31st December 2015

The financial capacity of the sponsors that live in Quebec is determined by the government of Quebec. You may use the income scale to check your capability in meeting the provincial demands. Do note that all your calculations will only be a rough estimate. However, the Ministère de l’Immigration, de la Diversité et de l’Inclusion (MIDI) do the certified financial valuation.

Guarantors and sponsors will be considered to be capable of satisfying their undertaking if within the last year their gross income from Canadian sources meets the SUM of money stated in Table1 and the amount of money in Table2. Please note that the figures are indexed yearly.

Table 1 – Basic Income Required From Sponsor to Satisfy the Basic Needs of His/Her Family
Total Number of Family Members Basic Income per Year Required
1 C$22,590
2 C$30,495
3 C$37,650
4 C$43,301
5 C$48,192

The gross annual income increases by C$4,891 with each added dependent.

Table 2 – Additional Income Required From Sponsor to Satisfy the Basic Needs of Sponsored Person and His/Her Family
Persons 18 and over Persons under 18 Gross Annual Income Required From Sponsor Build up to Required Gross Annual Income
0 1 C$7,819 C$4,133 for one added person below 18
0 2 C$12,393
1 0 C$16,524 C$2,865 for one added person below 18
1 1 C$22,201
1 2 C$25,068
2 0 C$24,231 C$2,151 for one added person below 18 and by C$7,704 for one added person over 18 for each additional person 18 or over
2 1 C$27,145
2 2 C$29,303

Federal Income Table, 2017

For all provinces excluding Quebec.

Table 3 – Low Income Cut-Off (LICO)
Size of Family Least Income Required
1 person (the sponsor) $24,600
2 persons $30,625
3 persons $37,650
4 persons $45,712
5 persons $51,846
6 persons $58,473
7 persons $65,101
More than 7 persons, for each additional person, add $6,628

Available Income

Be sure to give all the required data, in question 10 to 14, concerning your earned income for the 1-year period prior the mailing of your application. And if you’ve got a co-signer then the income or salary he/she received within the same time as required by questions 15 to 19.

You may be asked for extra info and relevant documentation if they are not okay with the amount of evidence you provided to support the calculation of your income.

Your available income or salary is the amount you have earned in last 1 year prior the time of your application, except any benefit or allowance of the kind stated in 12.B below.

When you’re calculating your available income, you will need a Canada Revenue Agency (CRA) Notice of Assessment. You may view and print your personal tax information including your tax return using the online services provided by the CRA’s My Account. You can visit My Account to login or register. Your common-law partner or spouse are also required to get a Notice of Assessment if he/she is a co-signer to the undertaking.

In case your salary declared in the document is lower than your least necessary income, or you’re not able to get and produce a Notice of Assessment, you need to show a documentation declaring the amount of money you earned 1 year before the time of application. This includes a statement of operations, for those who are self- employed; or the pay-stubs, for those who are employed; bank statements for those who have received interest income; certificates or statements for those who have other sources of receiving salary or income (such as rental, pension, investment, etc.). Your common-law or spouse will have to present related documentations in a case where he/she is a co-singer of the undertaking, and the income declared in his/her Notice of Assessment plus your available income is lower than the least required income, or if he/she does not provide a Notice of Assessment.

For calculating your earned income, you have to complete question 12 on the Financial Evaluation form using the guidelines below. Your calculation has to be based on the Notice of Assessment. If your total income that you have calculated with regards to the Financial Evaluation form’s question 12 is lower than your least required income, or if you are not able to present a “Notice of Assessment”, complete question 13, making your calculations based on the last 1 year on the of the Financial Evaluation form. The higher amount among the two entered at 13.C and 12.C is considered as your available income; use this amount for box14.

In a case where your common-law or spouse is a co-signer of the undertaking, you need to complete question 17, using calculations based on the “Notice of Assessment” and or question 18, calculations based on the last 1 year, to calculate his/her income. The higher amount among the two entered at 17.C and 18.C is considered as your co-signer’s available income; use this amount for box19.

The sum of boxes 19 and 14 will be used as the total income that is available to you to back your application of sponsorship. This total sum has to be at least equivalent to the amount of money required for the minimum required income needed for to sponsor (check box 8)

Question 11- Your State in the Last 1 Year

In the table that is in question 11, ensure you complete the sections which request your state within the 12 months before the date of your application. If your state had changed within the 12 months, enter the most recent information in period I column, put information on the last periods in the next columns, and that should make up the remaining of the 12 months before your application.

You need to give information about the employment in section B, which includes your Personal Employment. The Personal Employment Income is the gross income received from your employment(s) for each one of the employers you had worked for within the last 1 year before the date of your application, as declared from a T4 to CRA.

Enter information about your business in section C if you were self-employed plus your Personal Employment Income. Personal business income is the net income gained or loss incurred which is reported to CRA from operations carried out for profit from the partnership, sole proprietorship or unincorporated business. It should include trades, businesses, professions including small restaurants and retail outlets. Include all other personal self-employment that is run for profit such as fishing, farming, consulting, commission sales and child care should also be. Do ensure you clearly show the reference period, first line at the starting of each section you have completed. For instance, assuming the date of your application was July 4, 2005, and you’ve been self-employed within the last 1 year before your application, you should complete Section C in Period I column, stating on the first line of this section the beginning ( July 5, 2004) and the end (July 4, 2005) of the 1-year period. But, if you were working for someone for just 6 months, then employed before getting self-employed for the next 2 months prior day you got hired and were unemployed, you must first complete section B in Period I column, showing you’re your employment details and the date you got hired on the first line of the same section and the time you made your application. Next, complete Section C in the period II column, showing details on your self-employment and the date that your operations began, on the first line of the section and terminated. Finally, you have to complete section A in the Period III column, showing the income you have earned from any other source of income, example special benefits that are paid under the Employment Insurance Act, check questions 13 and 12 for more details. On the first of the line of this section, the time within which you got the employment.

Where you will need additional space, show your details on a different sheet.

Question 12- Calculating your income using the Notice of Assessment

12.A: print the amount of money that shows on the last Notice of Assessment, given to you from the CRA for the latest taxation year, at line 150.

12.B: state the payments of the following that are added in the amount of money on line 150 in the Notice of Assessment. Sum all of it and print that as the total:

  1. Training allowance or Provincial instruction
  2. The Guaranteed income supplement payable under the Old Age Security Act
  3. Any employment insurance which includes parental and sickness benefits, maternity payable under the Employment Insurance Act are all regarded as income. Others like federal training allowances and employment insurance are not considered as income

12.C: subtract the sum entered at 12.B of line 6, from the amount of money m 12.A of line 1. The answer 12.C is the sum of income, calculate using this method.

Question 13- Calculating the Income Based on the Last 1 Year.

Finish question 13 only if

  1. You don’t have a document from My CRA account showing the latest taxation year before the date you filed your application to sponsor, or you don’t have a Notice of Assessment, or
  2. If you’re able to produce the Notice of Assessment but you don’t meet the least amount of money required, and your financial situation has recently improved after you got the Notice of Assessment.
  3. A: your personal income from business, employment and/or self-employment.

Sum up all your personal income from business, employment and/or self-employment received in the last 1 year before the day you made filed to sponsor, as directed. Put in the result found on line 5 of Section 13.A.

13.B: Other Income

Using the following definitions, perform the calculations the income you’ve gotten from other sources:

1. Pension Income:

Any income from Canada/Quebec pension plan, Old Age Security, annuity and super-annuity payments obtained from Canadian sources. Guaranteed Income Supplement (GIS) payments.

2. Net Rental Income:

Either the net income earned or the loss incurred reported from rental property to CRA.

3. Investment and Interest Income:

Income declared to and received by CRA from interest, stocks, bonds, dividend payments and other interest on savings deposit, and investments

4. Sickness/parental/maternity/ benefits:

Sickness, parental and maternity benefits payable under the Employment Insurance Act are regarded as income. But others like federal training allowances and employment insurance are not regarded as income.

5. Other sources:

This includes all the income you get and will continue on a regular basis to receive that I not among the ones listed above, like the child and spouse support, etc. On the form, indicate the source of the additional income.

You are not allowed to add any child tax benefits, provincial training and instruction allowances, employment insurance payments or guaranteed income supplement.

Include all income gotten from any other source and put this on line 11 of Section 13.B

13.C: sum the totals at 13.B at line 11 and 13.A on line 5. The result of 13.C is the total income, calculating with this method.

The available income entered at box 14 is the higher of the 2 amounts of money in boxes 13.C and 12.C.

Income available to your common-law partner or spouse if he/she is a co-signer

Finish up questions 16 and 15 if your common-law partner or spouse is a co-signer of the undertaking to sponsor the expenses. Print the relevant employer’s professional or business details and/or the self-employed professional or business details. You also have to complete all calculations based on Notice of Assessment, question 17 and or the last 1-year, question 18, to get the income earned by your common-law partner or spouse. This may be added to your available income if you’re going to be needing to satisfy the financial requirements.

Question 16- the Co-Signer’s State over the Last 1 Year

Finish up sections A, B and or C, which concerns your co-signer’s state within the last 1 year before you filed your application. If his/her state has changed within this period input the latest period and, in subsequent columns, input on the preceding period(s), that form the remaining of the 1 year before your application

Go to the guidelines for question 11 to assist you to finish question 16

N/B: if within the 1 year before your application the co-signer is not employed, the income he/she earned from other sources like special benefits payable under the Employment Insurance Act or pension income, should be inputted at section A.

If you need extra space, give the details on a different sheet.

Question 17- Calculating income based on Notice of Assessment.

17.A: print the amount of money that shows at line 150 in the last Notice of Assessment given to your common-law partner or spouse by CRA for the latest taxation year.

17.B: input full payments that were added in line 150 of your common-law partner’s or spouse’s Notice of Assessment, sum them and print out the total.

17.C: subtract the sum inputted at 17.B, line 6, from the amount of money at 17.A, line 1. The answer 17.C is the total income your common-law partner or spouse can sponsor, calculating with this method.

Question 18- Calculating income based on the last 1 year.

Finish up 18 if

  1. The co-signer is not able to show a Notice of Assessment for the latest taxation year before the date you filed your application. Or
  2. your co-signer’s financial state has improved after he/she obtained the Notice of Assessment

18.A: personal income from self-employment, business, and employment.

Sum up all personal income from self-employment, business and employment your co-signer had earned in the last 1 year before the date you filed an application to sponsor, as directed. Input the answer in line 5 of Section 18.A.

18.B: Other Income

Make calculations on all the income your co-signer has earned from any other source. Finish up question 18.B using the definitions in question 13.B to assist you.

Sum up the totals inputted in boxes 18.B, line 11 and 18.A, line 5. The answer 18.C is the total income of your co-signer calculating it with this method.

Your co-signer’s available income. Box 19, is the higher of the 2 amount of money inputted in boxes 17.C and 18.C.

Final Income accessible to sponsor

Sum up the amount of money in boxes 19 and 14 and input the sum in box 9 on the first page of the form. This is the amount of money you, and your co-signer where applicable, have to sponsor.

 

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