schedule 3 question 11 help please

[vahidmed]

hi
I have a problem for answering question 11 in schedule 3 form
Actually I don’t know how I must fill these three fields:
Assets
Liabilities
Settlement funds
What is the difference between these three?
Please help me
Thanks

 

[anthony1970]

hi
I have a problem for answering question 11 in schedule 3 form
Actually I don't know how I must fill these three fields:
Assets
Liabilities
Settlement funds
What is the difference between these three?
Please help me
Thanks

Hi. Assets can be property ( house and lot ) have it appraised at market value and convert any amount to cad$.
Liabilities are debts ( credit cards, mortgage etc.)
Settlement funds are money you have that is not borrowed. This could be in savings deposit, stocks, bonds.
Hope this helps... good luck