psychnars said:
Good morning! Ask ko lang po in filling up the Personal Net Worth Statement, pwede bang wag na lang maglagay sa Personal Debts? Yung debts like credit card, SSS/GSIS loans at cooperative loans, pwede na po ba na wag na ideclare kasi makakabawas ng assets na halos sumasakto lang sa required funds ng canada? Maniniwala kaya sila na wala tayo ni singkong liability or debt?
another question po, yung Assets, Property, pension pinapa-specify ang currency at total Canadian dollars sa ilalim ng table. Iindicate ko pa rin ba ang value in philippine pesos or dpat converted na in canadian dollars ang lahat ng assets. Kasi po sa bank certifcate at lahat ng evidence of funds ko in pesos. Sa pagfill up ng Personal Net Worth statement dpat po ba wala na silang makikitang pesos, dpat ba converted na to canadian dollars? Sana may magtyaga na sumagot sa tanung ko. Thanks!
Psychnars,
When I made a draft of my personal net worth statement, I included my credit card balances but my consultant-lawyer advised me not to disclose those. I followed his advice and it seemed fine naman.
As to the currency to be used in the Personal Net Worth Statement---although they indicate "Total CDN$", it is also indicated in the form "specify currency" below each Asset classification, i.e., Bank deposits, fixed deposits, Property, etc. So I believe that if the asset is valued in Pesos, it should be indicated as is. Hence, I valued items in each class in Pesos or US$, as the case may be, then in the Totals, I converted them to Canadian $.
I hope I have addressed your concern, psychnars.
