Received ITA too. How do we fill out the Personal worth form? We have already the required fund in banks. But we have house loan, we have already paid the half of contract price with few more years to pay. Where do we declare it? In real property asset or real mortgage? In the form, we have to compute the personal worth = assets - liabilities. If we compute that way, the personal worth total will be less than the required amount of fund.
Please advise anyone.
Please advise anyone.