Income Requirement LICO | Super Visa Insurance in Canada
LICO (Low Income Measure Before Tax) refers to the minimum income threshold that a sponsor must meet to bring family members to Canada. It ensures that the sponsor has enough income to support the individuals being sponsored, such as parents, grandparents, and other relatives, without relying on the Canadian government’s welfare programs.
LICO is used to determine eligibility for different types of family sponsorship programs. For the Super Visa, which is a temporary visa for parents and grandparents, the income requirements are tied to the sponsor’s ability to provide financial support during their stay in Canada.