The cost of sponsorship is determined by Immigration Canada. The forecasted financial liability varies by family size and assumes a two-year processing time. Since we are not provided with any forward visibility to the cost of sponsorship, we have applied a 5% compounded annual increase to the current cost of sponsorship.
Estimated Liability for Cases Submitted in 2020 (Expected 2022 Arrival)
Family Size Estimated Liability
7 or more, for each additional member, add $1,500
"Financial Deposit: For cases that have dependent children 16 years of age or older but under the age of 21 at the time of submission to IRCC, each dependent child will be treated as an individual rather than as part of a family unit.$18,300 is required for each dependent child. Please adjust the financial requirement for the remaining members of the family accordingly.
Immigration Forms: Any family with dependent children 16 years of age or older but under the age of 21 will be treated as one case.