Calrification required - Assets, Liabilities and Settlement Funds

[ethan_young]

Hi: I am facing some confusion over completing the IM008 form. The field 10 mentions a. Assets, b. Liabilities and c. Settlement Funds. Can anyone please clarify what I should put in those fields?

 

[wilson]

IMM0008 (Schedule 3) - as explained by CIC :-

Question 10:

a) Assets
Indicate the total amount (in Canadian dollars) of fixed deposits, savings accounts, pensions, etc.

b) Liabilities
Indicate the total amount (in Canadian dollars) of real property mortgages and any other personal debts.

c) Total funds available for settlement in Canada
With consideration to your total assets and liabilities, indicate the total amount (in Canadian dollars) of unencumbered, transferable and available funds that you have for settlement in Canada.

( Means your own funds available and not borrowed for this purpose. )

 

[rinash]

IMM0008 (Schedule 3) - as explained by CIC :-

Question 10:

a) Assets
Indicate the total amount (in Canadian dollars) of fixed deposits, savings accounts, pensions, etc.

b) Liabilities
Indicate the total amount (in Canadian dollars) of real property mortgages and any other personal debts.

c) Total funds available for settlement in Canada
With consideration to your total assets and liabilities, indicate the total amount (in Canadian dollars) of unencumbered, transferable and available funds that you have for settlement in Canada.

( Means your own funds available and not borrowed for this purpose. )

hi, for how long the statement need to be shown!!