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Canada Immigration Forum > Immigration Topics > Skilled Worker / Professional Immigration > Topic: Personal net worth - must I declare all of my worth?
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Author Topic: Personal net worth - must I declare all of my worth?  (Read 888 times)
calvin
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« on: July 23, 2009, 07:09:29 am »
If I have a $100,000 fixed deposit, is it enough to declare just that or must I also declare everything I have?
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sanjeevindia
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« Reply #1 on: July 23, 2009, 07:12:45 am »
as per my knowledge that is more than enough. good luck.
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Best of Luck and remember CIC website is the best for any info.
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aanbaan
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Posts: 1065
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Category........: FSW1
Visa Office......: New Delhi
NOC Code......: 0213
App. Filed.......: 17-Apr-2009
Doc's Request.: 14-May-2009
AOR Received.: 09-Jul-2009
Med's Request: 30-Aug-2009
Med's Done....: 05-Sep-2009
Interview........: NA
Passport Req..: 30-Aug-2009
VISA ISSUED...: 24-Feb-2010
LANDED..........: 08-Aug-2010
« Reply #2 on: July 23, 2009, 07:29:41 am »

if this is for London office, wait for other London applicants to reply.

for anywhere else, this is enough...
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My timelines: trackitt.com/member/aanbaan

I am not an expert. I have learnt from www.cic.gc.ca, EG7, OP6 and this forum. Use these resources and take your decisions.

Regards,
aanbaan
calvin
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« Reply #3 on: July 23, 2009, 07:37:09 am »
Isn't net worth means all that you have? Am I not underdeclare if I don't tell them all that I have?
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aanbaan
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Posts: 1065
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Category........: FSW1
Visa Office......: New Delhi
NOC Code......: 0213
App. Filed.......: 17-Apr-2009
Doc's Request.: 14-May-2009
AOR Received.: 09-Jul-2009
Med's Request: 30-Aug-2009
Med's Done....: 05-Sep-2009
Interview........: NA
Passport Req..: 30-Aug-2009
VISA ISSUED...: 24-Feb-2010
LANDED..........: 08-Aug-2010
« Reply #4 on: July 23, 2009, 07:43:56 am »
Quote from: calvin on July 23, 2009, 07:37:09 am
Isn't net worth means all that you have? Am I not underdeclare if I don't tell them all that I have?

no visa office apart from London asks for personal net worth statement... for all others, FD statements are good enough...
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My timelines: trackitt.com/member/aanbaan

I am not an expert. I have learnt from www.cic.gc.ca, EG7, OP6 and this forum. Use these resources and take your decisions.

Regards,
aanbaan
calvin
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« Reply #5 on: July 23, 2009, 07:46:04 am »
Singapore office does ask for personal net worth statement. I am just not sure if I will be guilty of underdeclare if I don't tell all.
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aanbaan
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Posts: 1065
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Category........: FSW1
Visa Office......: New Delhi
NOC Code......: 0213
App. Filed.......: 17-Apr-2009
Doc's Request.: 14-May-2009
AOR Received.: 09-Jul-2009
Med's Request: 30-Aug-2009
Med's Done....: 05-Sep-2009
Interview........: NA
Passport Req..: 30-Aug-2009
VISA ISSUED...: 24-Feb-2010
LANDED..........: 08-Aug-2010
« Reply #6 on: July 23, 2009, 07:50:56 am »
Quote from: calvin on July 23, 2009, 07:46:04 am
Singapore office does ask for personal net worth statement. I am just not sure if I will be guilty of underdeclare if I don't tell all.

oh.. ok... my lack of information...

Singapore is now clubbed with London... but, answer remains same ... wait for someone from London or Singapore office to reply...

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My timelines: trackitt.com/member/aanbaan

I am not an expert. I have learnt from www.cic.gc.ca, EG7, OP6 and this forum. Use these resources and take your decisions.

Regards,
aanbaan
trinatocanada
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Category........: FSW1
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« Reply #7 on: July 23, 2009, 09:16:40 am »
I submitted bank statements from Abu Dhabi and from Manila, both liquid.  I declared only what is reflected in my bank statements.  Nothing more, nothing less.  I do have real estate and fixed deposit accounts in other banks, but how will they know that I have these in the first place if I don't declare them? right?

Although, I do not know if your total net worth affects their decision to either accept or reject an application. 

I already submitted all my documents 2 weeks back.  I'll keep you posted on what happens.
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rizcom123
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Posts: 144
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Category........: FSW1
Visa Office......: London
App. Filed.......: 06 August 2006
Doc's Request.: Oct 2008 - Submitted Dec 2008
AOR Received.: September 2006
Med's Request: June 2009
Med's Done....: July 2009
Interview........: Waived
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« Reply #8 on: July 23, 2009, 09:24:37 am »

Hi All,

I appiled from London and on the recent document update I just sent my Bank Statements and a letter from the Bank stating how much available in the account. Thats all.

Regards,
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calvin
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« Reply #9 on: July 23, 2009, 09:39:01 am »
If I underdeclare, would the undeclare money be taxable if I transfer them to Canada later?
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shibuya
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« Reply #10 on: July 02, 2010, 02:55:07 pm »
informative post
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Lilysh
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Category........: FSW1
App. Filed.......: 04/04/2010
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« Reply #11 on: July 03, 2010, 12:47:54 am »


Look through this link it would be helpful:
http://www.canadavisa.com/canada-immigration-discussion-board/property-evaluation-qorax-and-others-help-t44763.0.html

Lilysh
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Success doesn't come to you...you go to it
Lilysh
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Posts: 49
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Category........: FSW1
App. Filed.......: 04/04/2010
IELTS Request: Done
File Transfer...: RBVO
Med's Request: Hopefully in February!
Med's Done....: Waiting!!!
Passport Req..: Waiting!!!
VISA ISSUED...: Waiting!!!
LANDED..........: spring 2011
« Reply #12 on: July 03, 2010, 12:50:17 am »

imran007
hi
I mailed to CHC about property evaluation issue.. i got a positive reply

This is in response to your recent email enquiry to the Immigration Section of the Canadian High Commission in New Delhi.

You may get your assest evaluated by Chartered accountant and submit the CA's valuation report as a present proof of funds alongwith other documents.

We trust that this information will be of assistance."



We actually submitted our property docs and valuation report as a proof of fund.
I did a short  anlysis of the equity we have in the property and amount to be realized when sold.
This was attached to the property docs and used as proof of settlement fund.
I think this help in your application consideration aferall you have nothing to lose if you include it.
Best of luck
F2



at 9459
I sent photocopies of the documents of the property I own and the property that is willed in my name without getting them evaluated and I did not have any problem and it was probably accepted and I was issued the visa .
there is no harm in doing so as it may add weight to your application.
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Success doesn't come to you...you go to it
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