Applying for a Super Visa to Canada is an exciting opportunity for parents and grandparents to visit their children or grandchildren who are Canadian citizens or permanent residents. One of the most critical factors influencing the approval of a Super Visa application is the financial strength of the host. To ensure a successful application, the host must demonstrate their ability to provide financial support to the visitor. This is achieved by meeting or exceeding the minimum necessary income requirements, as determined by Statistics Canada’s Low Income Cut-Offs (LICO).
In this blog, we will outline the key financial documentation required to satisfy these criteria and strengthen your application
What is LICO and Why is it Important?
LICO (Low Income Cut-Offs) is a threshold established by Statistics Canada to indicate the minimum income level required to sustain a household, considering its size and location. For the Super Visa application, the host must provide proof of income that meets or exceeds this threshold, reassuring Canadian immigration authorities of their financial capability to support the visitor during their stay.
Key Financial Documents to Include
To demonstrate financial stability, the host must provide the following document.
Notice of Assessment (NOA)
The NOA must pertain to the most recent tax year.
T4 or T1
T4 or T1 Forms for the last tax year.
Pay Stubs
The pay stubs must cover the last 12 months.
Employment Insurance Benefit Statement
Self-Employment Income Verification
A letter from a certified accountant confirming annual income
Proof of Additional Sources of Income
Supporting documents for additional sources of income, such as rental income, investments or pension statements.
Proof of Additional Sources of Income
Employment Letter from the Employer, stating job title, job description, salary, and employment status.
Attach recent bank statements
Following these guidelines will enhance your application’s credibility and increase the likelihood of success