Hello friends,
Question - Ontario requires minimum $11,931 for single applicant. I have about $10,200 in savings, most of which I could get by redeeming my mutual funds.
Additionally, I have $3000 which is invested, but it is currently in the lock-in period until Aug 2016. I cannot redeem that amount until the lock-in period is over. But given that it is substantial amount of money, I still want to show it as a part of POF.
Can I do that? I can attach the policy document highlighting the clause that states I can remove those funds once lock-in period is over.
Also, is it really stringent that we show $11931 as part of POF, what if I choose to just manage and show $10,200. Will they reject it?
Please guide me.
Cheers,
Rohit
Cheers,
Rohit
Question - Ontario requires minimum $11,931 for single applicant. I have about $10,200 in savings, most of which I could get by redeeming my mutual funds.
Additionally, I have $3000 which is invested, but it is currently in the lock-in period until Aug 2016. I cannot redeem that amount until the lock-in period is over. But given that it is substantial amount of money, I still want to show it as a part of POF.
Can I do that? I can attach the policy document highlighting the clause that states I can remove those funds once lock-in period is over.
Also, is it really stringent that we show $11931 as part of POF, what if I choose to just manage and show $10,200. Will they reject it?
Please guide me.
Cheers,
Rohit
Cheers,
Rohit