POF Account - Seeking Clarifications

[Joe110]

Hi,

The account I am showing as a POF account, has an ongoing RD (Recurring Deposit) that's just two months old and amount is quite low.

Since RD is considered as part of debts as per IRCC, I was thinking to get that RD closed to save myself from any hassle for having to specify RD details and statements.
As I am in the post-ITA period, I wanted to know if closing the same would create any issues ? And if I do get it closed at the immediate, it will still be reflected in my last 6 months bank statements that I will be submitting, hence, will that create any issues ?

Suggestions and helpful inputs are welcome.

Looking forth to hear at the earliest.

Many Thanks,
Joe

 

[Joe110]

Hi,

Any update on the above?

I have a follow-up query -
Incase one is having an insurance policy that can't be immediately liquidated, do we have to provide the policy document and statement, given that policy is operational in the POF account ??

Immediate support on this will be highly appreciated.

Best to you!
Joe

 

[Joe110]

Can someone assist on above query at the earliest ?

Looking forward to some clarification on how to go about it.

Thanks,
Joe