POF- Spouse/ Credit cart debt???

[usagi17]

Hello friends,

We are appling for EE and expecting recieve ITA very soon. My husband is main applicant, but our money is in my account more than a year. As a main applicant does he have to show his debts?

 

[Tousif_27]

Yes irrespective of where the money is, he is entitled to show all debts else it will be marked as misrepresentation

 

[usagi17]

Yes irrespective of where the money is, he is entitled to show all debts else it will be marked as misrepresentation

we have 20-21k cad in my account and his all debts makes around 4-5k cad. how they calculate it? I read in some posts that having debt doesn't have any negative effects on our appilcation but I want to be sure.

 

[Tousif_27]

Your POF should be higher than the minimum cut off mentioned by CIC ..They will subtract 5k out of 21k cad and check if it meets the requirements, if it does you are good to go.