by This means that you should maintain the necessary income levels even after applying for a Parental/ Grandparental sponsorship. Low Income Cut Off (LICO) The Low Income Cut Off is updated every year to reflect increases in the cost of living. The current Low Income Cut Off for sponsors of parents and grandparents (2016) is:. Read each description carefully. Add the numbers entered in each of the boxes provided for the number of persons in questions 2, 3, 4 and, if applicable, 5 and 6. Enter the total in the box provided at question 7. This total and the low income cut-off table will help you determine the minimum amount you will need to sponsor.
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Note: You can only sponsor your parents and grandparents, and their dependent children to come to Canada. Their dependent children must be under the age of 22 to be eligible to be sponsored.. The MNI for every year will be calculated based on the IRCC’s Low-Income Cut-Off Figures (LICO) with an added 30%. The MNI for 2020 was affected due.. Minimum Necessary Income (MNI) To sponsor parents and grandparents in 2023, you must meet or exceed the Minimum Necessary Income Level (MNI).. For sponsors in all areas of Canada outside of Quebec, the MNI is calculated by adding 30% to the Low Income Cut-Off (LICO). You must provide evidence of sufficient income to support all individuals.
