Canadian Immigration News

Navigating the Financial Responsibilities of Sponsoring Grandparents to Canada

3 minute read
Canada, renowned for its diverse culture and strong family values, offers the opportunity for citizens and permanent residents to sponsor their grandparents to join them in this beautiful country. While the emotional benefits of reuniting with loved ones are immeasurable, it's crucial to understand the financial responsibilities that come with being a sponsor. In this blog post, we'll delve into the financial aspects of sponsoring grandparents to Canada, helping you prepare for this meaningful journey.
Written by My Visa Source Team
Published on:  Nov 9, 2023
family with grandparents
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Understanding the Sponsorship Program 

The Canadian government provides a Family Class sponsorship program that allows eligible individuals to sponsor their grandparents to become permanent residents.However, this sponsorship entails various financial responsibilities to ensure the well-being of the sponsored individuals. 

Minimum Necessary Income (MNI) 

To be eligible to sponsor your grandparents, you must meet a specific financial requirement known as the Minimum Necessary Income (MNI). The MNI is determined annually and depends on the number of people in your family unit and their respective sizes. It's crucial to demonstrate that you have the financial means to support your grandparents without them requiring social assistance. 

Submitting an Undertaking 

As a sponsor, you must submit an undertaking, a legal commitment to provide financial support to your grandparents. This undertaking remains in effect for 20 years or until your grandparents become Canadian citizens, whichever comes first. During this period, you're responsible for ensuring their financial well-being, including shelter, clothing, and food. 

Repaying Debts to the Government 

If your sponsored grandparents receive social assistance during the undertaking period, you, as the sponsor, are obliged to repay the government for these expenses. This ensures that the Canadian social welfare system is not burdened by the financial support provided to your family members. 

Options to Meet MNI 

Meeting the Minimum Necessary Income can be accomplished through various means, including employment income, self-employment income, and other eligible sources. It's essential to consult with a financial advisor to assess your specific situation and explore the most suitable approach for meeting the MNI. 

Seeking Expert Guidance 

Navigating the financial responsibilities of sponsoring grandparents can be complex, and it's advisable to seek professional guidance from an immigration law firm. Experienced immigration experts can help you understand the financial obligations, gather the necessary documents, and streamline the sponsorship process. 

Conclusion 

Sponsoring your grandparents to Canada is a heartwarming journey that requires careful consideration of the associated financial responsibilities. By understanding the Minimum Necessary Income, undertaking, and potential repayment obligations, you can embark on this path with confidence. To ensure a smooth sponsorship process, consult with immigration experts who can guide you through the legal requirements and help you reunite with your loved ones in Canada.

At My Visa Source, we're here to assist you in every step of the sponsorship process. Contact us today for personalized guidance and support on your journey to reunite with your grandparents in Canada.

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