This Week’s Frequently Asked Question (FAQ)
Mario D. Bellissimo’s Answer:
A: This is a very unfortunate situation indeed. We have met with many clients in the same situation who applied even though they did not meet the financial requirements for the immediate year before the application. The law is very clear on this point: you cannot make up for not having the required income one year immediately before the application by past earnings, savings or other assets. Immigration Canada will look at your income or combined income if both of you are co-signers (spouses only) of the application as you will have to submit both Notices of Assessment. Therefore, please wait until you meet the financial requirements and be mindful those requirements must be met each year until a decision is made on the application. Good luck!