Help regarding filling Schedule 3 document for FSW

[marioneta466]

Dear forum members,

I am filling Schedule 3 - Economic classes - Federal Skilled Worker document.
In section 11:

a) Assets:
Indicate the total amount of assets in Canadian dollars.

b) Liabilities
Indicate the total amount of liabilities in Canadian dollars.

c) Settlement funds
Indicate the total amount of unencumbered transferable and available funds that you have in Canadian dollars.

Could anyone explain to me what this Means. What should I put in the field for Assets.
I do not own any property or land.
Also what liabilities means?

I guess for Settlement funds I have to give them information on how much money I have in a bank.
The money that I have are in USD dollars. Is that a problem?
Because I need to write something I have to manually convert with the current convert rate and to write it there. I don't want to convert the real money in the bank.

Any information will be appreciated.

 

[awai ali]

simply convert your money in Canadian Dollar at your calculator and write it there ........often applicant do not show or have any sort of liability .......so net should be the same as you shows your assets ....it does not matter that is money or property

 

[marioneta466]

So for liability I shouldn't write anything.

In the box for Assets and Settlement fund I have to put the exact money that I have in a bank account?

Thanks

 

[loncan]

So for liability I shouldn't write anything.

For liability you should at least put the number zero, or word "NIL" or similar, so they don't think you haven't completed the form.

 

[awai ali]

So for liability I shouldn't write anything.

In the box for Assets and Settlement fund I have to put the exact money that I have in a bank account?

Thanks

not exact you can include the money which you can get after sale of some assets or jewellery which you can sale after your immigration visa

 

[awai ali]

For liability you should at least put the number zero, or word "NIL" or similar, so they don't think you haven't completed the form.

putting a zero is mandatory then net result will be calculated automatically.........

 

[marioneta466]

If I put money that I can receive from seling my car or the gold I own, I cannot prove it.
I can prove having a car, but not gold, its a family property that you inherit from your parents.

What if they asked for a prove?

 

[awai ali]

If I put money that I can receive from seling my car or the gold I own, I cannot prove it.
I can prove having a car, but not gold, its a family property that you inherit from your parents.

What if they asked for a prove?

they do not ask to prove this written money .......

 

[loncan]

Personally I don't think it is wise to include it unless you can prove it.

However unlikely, if your file was denied because you couldn't provide proof when asked, they might not see it as honest and thus it might well affect any subsequent plans you might make to come to Canada.

If you need to include it, perhaps your family's gold could be valued?

 

[marioneta466]

But would it have a negative impact if only you show the money you have in the bank and no other possessions. It would look like you don't own anything else in value. Does it not have negative impact on your chances on successful supporting you and your family in Canada.

 

[loncan]

As long as you are over the required thresholds (i.e. enough available funds) you are probably OK not to include the things that are harder to demonstrate.

I guess you could always enclose a note explaining more, but the important thing IMO is that what you put in the box is something you can give evidence for.