See the same example with numbers:
a)Assets:
•$15,000 CAD (bank account)
•$65,000 CAD (house jointly owned by me and my dad)
TOTAL: $80,000 CAD
b)Liabilities
•25,000 CAD (house mortgage jointly take my me and my dad) payable in the next 20 years
TOTAL: $25,000 CAD
My question is what will...