My wife is a primary applicant. She has enough CAD equivalent in form of Bank Savings and Fixed Deposits. I too would be providing my Provident Fund & Stocks statements. However, I do have 2 active loans on my name - Car and House. I'd be obviously selling off my car and closing that loan account. However, I don't plan to close my home loan (My parents live there). Do I need to disclose my loan accounts and EMIs?
The PA is the only person in the application that has to provide evidence of funds. The spouse doesn't have to submit any evidence. You could have $1000's in loans, cic aren't interested. Only what is in the PAs name.
The PA is the only person in the application that has to provide evidence of funds. The spouse doesn't have to submit any evidence. You could have $1000's in loans, cic aren't interested. Only what is in the PAs name.
I have doubts regarding the bank account documents to be disclosed for the dependent in the EE portal post ITA.
Primary applicant has funds in his account worth 16,500 CAD with no liens and outstanding loans/credit whereas I (dependent) am a co-signee of an education loan for my brother which is of 15 lacs INR. Also, I am the primary source for the repayment of loan but there is a mortgage as well for the same.
We would be showing account bank statements which are required for the PA. My questions are:
1. Being a dependent do I need to disclose the outstanding loans to the IRCC?
2. If needed to disclose the outstanding debt, should the POF be:
16500 CAD + amount needed to be repaid for approx. 2 years OR
16500 CAD + whole loan cleared.
At the moment it is difficult to clear the loan, so looking the ideal way to proceed with the process.
