Help guys ******Asset/Liabilities/Settlement Funds*******

[E01985337]

Your asset will be 12000+8000 = 20,000. Your liabilities and settlement funds will remain the same. You don't need to show proof of your asset, only for settlement fund which would be your fixed deposit.

Hi and thanks for replying.

Namaste, you only suggested I include the value of my car in assets. So do you still suggest I do it.

Also Should I show the liabilities as well???

 

[namaste]

Hi and thanks for replying.

Namaste, you only suggested I include the value of my car in assets. So do you still suggest I do it.

Also Should I show the liabilities as well???

No, that's not what I said. Read my statement carefully. Here's what I said you should do:

Asset = 12,000+8,000 = 20,000
Liabilities = 8,000
Settlement funds = 12,000

 

[E01985337]

No, that's not what I said. Read my statement carefully. Here's what I said you should do:

Asset = 12,000+8,000 = 20,000
Liabilities = 8,000
Settlement funds = 12,000

Hi Thanks for the reply, so do i need to tell them what are the assets made up of and why it works to be 20000. Should i do the same for Liabilities?

Also the fixed deposit I have is in my name. I am the primary account holder. However when I opened the fixed deposit was was asked to give a nominee, just in case something happened to the primary account holder like death, the money can go to the nominee. Will this be ok?

 

[E01985337]

any suggestions

 

[namaste]

Hi Thanks for the reply, so do i need to tell them what are the assets made up of and why it works to be 20000. Should i do the same for Liabilities?

Also the fixed deposit I have is in my name. I am the primary account holder. However when I opened the fixed deposit was was asked to give a nominee, just in case something happened to the primary account holder like death, the money can go to the nominee. Will this be ok?

Like I said before, no need to explain or provide evidence for assets and liabilities. You only need to show evidence of settlement funds.

If you die you won't be immigrating to Canada or needing the money, so no issues with the nominee.