Proof of funds

[d_l_p]

hi,
I have a fixed deposit of $15000, how to show this on proof of funds?

Asset=
Liability=
Settlement funds=

please help

 

[future_canadian]

That fixed deposit is part of your assets, but presumably you have more assets than that. It may be all, or only part of your settlement funds.

In liabilities, you should state the amount of liabilities you currently have. Any home or car loans, student debt, credit card debt, whatever it may be.

 

[d_l_p]

That fixed deposit is part of your assets, but presumably you have more assets than that. It may be all, or only part of your settlement funds.

In liabilities, you should state the amount of liabilities you currently have. Any home or car loans, student debt, credit card debt, whatever it may be.

So asset=$15,000
Liability=nil
settlement fund=$15,000

correct?

 

[nskatcv]

So asset=$15,000
Liability=nil
settlement fund=$15,000

correct?

That makes sense.

I had a similar situation, although I just mentioned the settlement funds because that is all what CIC is interested in knowing. I left the asset field blank (it doesn't take zeros). I am of the opinion that assets include immovable property, which I don't have any.

Regards

 

[future_canadian]

So asset=$15,000
Liability=nil
settlement fund=$15,000

correct?

If you have no other assets aside from those settlement funds, then I guess so.