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Armenak

Star Member
Oct 9, 2013
69
0
Hi,
A question about filling in information regarding Assets and Settlement funds.
I am single person, my significant belongs are a car and a few bank deposits in different local banks.
Sum of bank account is enough to satisfy minimum requirements of funds, let's say it is 30.000 $.

If I understand correctly car is not counted and I don't need to mention it's value in Assets.
So I have only left my bank deposits.

1. What to write as Assets and as Settlement funds?
Are Settlement funds a part of Assets? Can I write for example 30.000 as Assets, from which mention 12.000 as Settlement funds?

2. Are any kind of deposits counted for Settlement funds or as Settlement funds I can count only money on a credit/debit card?

Thank you in advance for advice.
 
value of any immovable property ( land or building ) in your name could be shown as assets but vehicle can be excluded. If your available funds are up to $ 30,000/=, nothing wrong if you show it as settlement fund and leave the assets as nil.
 
Thanks.
What if I want to take half (15.000) with me to Canada and leave another half for my parents?
But by the moment all 30.000 are on my deposit accounts (15 on one and 15 on another account).
If I will mention assets "0" and Settlement funds as 15.000, can it be considered as cheating and not providing full information about my funds?