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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 316 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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aanbaan
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Posts: 1046
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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
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« 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: 1046
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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
« 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: 1046
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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
« 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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Posts: 255
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Category........: FSW1
Visa Office......: London
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App. Filed.......: 15 October 2008
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Med's Done....: 03 February 2010
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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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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
Passport Req..: August 2009
VISA ISSUED...: 5th Sep 2009
« 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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