Is there any special format for showing RD and FD?
We are showing our funds in 3 ways : one Savings Account in Bank A, one RD in Bank B and one FD in Bank C. The letter from Bank format talks of average balance and Current Balance, this is not applicable for FD or RD : We can only do this for our Savings account in Bank A. Hence the doubt.
For PoF , can we show stocks/shares on the primary applicant name ? I was little confused on the statement on CIC saying the fund should be readily available.
The bank statements will be in the home county currency , do we need to convert that and show the CAD value in the statements ?
For PoF , can we show stocks/shares on the primary applicant name ? I was little confused on the statement on CIC saying the fund should be readily available.
The bank statements will be in the home county currency , do we need to convert that and show the CAD value in the statements ?
Hello.. I am an amateur but based on what I have read here, I can give a few inputs:
1. Stocks/Shares are subject to market fluctuations and therefore cannot be accepted.
2. We showed our bank statements in home currency to our agent and she said she would prefer to have everything in CAD. Either you can ask your bank to do that or ask a CA. She showed us a template of a net worth statement given by the CA which includes movable assets in home currency and CAD as well. This is not a mandatory doc I guess.
Please note : These are just based on my experience. You should look for second opinion!
