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Refusal due to financial status and personal assets

Coxie

Member
Mar 10, 2017
19
0
Ok one reason for my refusal was my financial status. I attached my cert of employment and compensation and my bank certificate.

I thought i had enough. But i just realized that i have large deposits in the last 6 months that are way larger than my monthly compensation.

But those are attributable to:

1. Buying and selling of cattle - i plan to formally venture into it this year so im still testing the waters. No receipts were issued but only handwritten notes between the parties for the receipt of money as customary in the province for small farmers.

2. I am a CPA. Though i did not formally practice my profession, i get accounting jobs from time to time from my cousin who is also a CPA. He subcontracts me to do accounting jobs and he pays me for it. Again, there is no receipt or payroll issued for this. :(

3. Bonuses. I can show a payroll for this.

I need help/ suggestions on how i can effectively handle this dilemma. :(
 

Jalex23

VIP Member
Apr 12, 2013
4,463
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Calgary
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Coxie said:
Ok one reason for my refusal was my financial status. I attached my cert of employment and compensation and my bank certificate.

I thought i had enough. But i just realized that i have large deposits in the last 6 months that are way larger than my monthly compensation.

But those are attributable to:

1. Buying and selling of cattle - i plan to formally venture into it this year so im still testing the waters. No receipts were issued but only handwritten notes between the parties for the receipt of money as customary in the province for small farmers.

2. I am a CPA. Though i did not formally practice my profession, i get accounting jobs from time to time from my cousin who is also a CPA. He subcontracts me to do accounting jobs and he pays me for it. Again, there is no receipt or payroll issued for this. :(

3. Bonuses. I can show a payroll for this.

I need help/ suggestions on how i can effectively handle this dilemma. :(
Explain the origin of the deposits. Receipts, deposit notes, etc. will be required.