Form IMM 5768. Financial Evaluation for Parents and Grandparents Sponsorship

The IMM 5768 Financial Evaluation for Parents and Grandparents Sponsorship is a form used by Canadian citizens and permanent residents who wish to sponsor their parents or grandparents for permanent residency in Canada. The purpose of the form is to evaluate the sponsor's financial ability to support their sponsored relatives and ensure that they will not rely on social assistance once they arrive in Canada.

The form consists of several sections, including the sponsor's personal information, their income and assets, and their expenses. The sponsor must provide accurate and up-to-date information about their financial situation, as well as supporting documents such as tax returns, pay stubs, and bank statements.

The parties involved in the form are the sponsor and their parents or grandparents who will be sponsored. It is important to consider the financial commitment required to sponsor a relative, as well as the potential impact on the sponsor's own financial situation.

Application examples include a Canadian citizen who wishes to sponsor their elderly parent for permanent residency in Canada, or a permanent resident who wants to sponsor their grandparent. The form is also used in cases where multiple sponsors are involved.

Strengths of the form include its ability to ensure that sponsored relatives will not become a financial burden on the Canadian government. Weaknesses may include the potential for errors or omissions in the financial information provided by the sponsor.

Alternative forms may include the IMM 1344 Application to Sponsor, Sponsorship Agreement and Undertaking, which covers additional information such as the sponsor's relationship with the sponsored relative and their ability to provide care and support.

Once completed, the form is submitted to Immigration, Refugees, and Citizenship Canada (IRCC) along with the sponsorship application. It is important to ensure that all required information and supporting documents are included, as incomplete applications may be delayed or rejected. The form may be stored by IRCC for future reference.

Overall, the IMM 5768 Financial Evaluation for Parents and Grandparents Sponsorship is an important form for Canadian citizens and permanent residents who wish to sponsor their relatives for permanent residency in Canada. It helps to ensure that sponsors are financially capable of supporting their relatives and that they will not become a burden on the Canadian government.