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Does POF mean Positive Net Worth?

C

cecandconfused

Star Member
Dec 17, 2014
88
2
Since CIC is requesting the "financial profile", I was wondering what exactly do they need to know/verify?
I have the required funds in my chequing/savings account as well in mutual fund investments, but I also have a line of credit, MasterCard, Loans, etc.
Does the minimum requirement need to be the positive net worth (Liquid Assets minus liabilities) or just having the funds in the account is sufficient (obviously showing >6 Mo. of balances to prove that I didn't specifically borrow to pad my accound.

I realize this is a very specific question, so thanks for sticking it out.
Cheers
 
What I'm submitting along with the statements is a letter from the Bank Manager that states my accounts, balances as well as information as to when my account was opened. An official letter always helps.

Try and give all the paperwork required. Add more if you think it helps your case.
 
@cecandconfused. Are you applying under CEC stream if so why is CIC requesting for you to provide "financial profile"
 
POF , is proof of funds
 
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