JZPASSI said:Hi Kollin
Regarding my Funds
Description Assets (CAD) Liabilities (CAD)
Bank Balance 16567.07
My PF 5068.62
Spouse's PF 6690.95
Unit Linked Insurance Policy 1479.55
Mutual Funds 1020.18
Total 30826.37
I couldn't infer from the CIC guidelines that whether real estate assets can be considered as Proof of Funds and liability. As evident below, I have a mortgage as a liability but I have 2 houses as well and couldn't show only as liability. If my application is successful, I am planning to sell both my properties and settle in Canada.
Description Assets Liabilities
House 1 88647.75
Mortgage of House 1 73188.24
House 2 44031.59
Total 132679.34 73188.24
Balance (Assets –Liabilities) 59491.10
Should i show house details as i heard in INdia they dont take it as asset but I should not end up showing only as liabilty ..I was not going to show these till yday but not i got confused after seeing new threads and i have shown property for NSNP prog for which I m not going to be nominated as i was too late.
Yes you can show your house details but remember settlement funds are liquid assets only.