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Settlement Funds

Nesa09

Member
Jun 29, 2013
10
0
Hello everyone,
I want to apply under FSW program and I have question related to funds. I am not completely familiar with the terminology, so I'm not sure how to fill values in question 11 on Schedule 3 Economic Classes imm0008_3e form.

I am principal applicant and my wife and our child are in my application (3 family members).

My wife and I are currently living in Canada and we have around 30.000,00 CAD on joint account. In addition, my wife owns apartment in our home land that is worth around 200.000,00 CAD. We don't have mortgage or any kind of debt.

I know that for Settlement Funds I should write 30.000,00 CAD, but I am not sure what I should write for Assets and Liabilities.

Thanks
 

akbardxb

Champion Member
Nov 18, 2013
1,244
464
Mississauga
LANDED..........
28-03-2014
Nesa09 said:
Hello everyone,
I want to apply under FSW program and I have question related to funds. I am not completely familiar with the terminology, so I'm not sure how to fill values in question 11 on Schedule 3 Economic Classes imm0008_3e form.

I am principal applicant and my wife and our child are in my application (3 family members).

My wife and I are currently living in Canada and we have around 30.000,00 CAD on joint account. In addition, my wife owns apartment in our home land that is worth around 200.000,00 CAD. We don't have mortgage or any kind of debt.

I know that for Settlement Funds I should write 30.000,00 CAD, but I am not sure what I should write for Assets and Liabilities.

Thanks
Assets are everything you own - cash, house, stocks, funds, property, jewellery.....

Liabilities are everything you owe to others - loans, mortgages.....
 

Pipis Husband

VIP Member
Aug 16, 2013
4,100
338
Category........
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Pre-Assessed..
VISA ISSUED...
20-03-2015
LANDED..........
06-06-2015
Nesa09 said:
Hello everyone,
I want to apply under FSW program and I have question related to funds. I am not completely familiar with the terminology, so I'm not sure how to fill values in question 11 on Schedule 3 Economic Classes imm0008_3e form.

I am principal applicant and my wife and our child are in my application (3 family members).

My wife and I are currently living in Canada and we have around 30.000,00 CAD on joint account. In addition, my wife owns apartment in our home land that is worth around 200.000,00 CAD. We don't have mortgage or any kind of debt.

I know that for Settlement Funds I should write 30.000,00 CAD, but I am not sure what I should write for Assets and Liabilities.

Thanks
For assets, put the fair market value of your wife's property as well as any other assets, stock, shares etc. For liabilities, put 0 since you have no debts.
 

Nesa09

Member
Jun 29, 2013
10
0
Thank you for your replies. Now it is completely clear to me.

I suppose that I have to leave Liabilities field blank, because field doesn't accept 0 value (actually when 0 is entered, form clears the field)?