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Author Topic: Personal net worth - must I declare all of my worth?  (Read 273 times)
calvin
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« on: July 23, 2009, 08:09:29 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, 08:12:45 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.
aanbaan
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« Reply #2 on: July 23, 2009, 08:29:41 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, 08:37:09 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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« Reply #4 on: July 23, 2009, 08:43:56 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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Posts: 13


« Reply #5 on: July 23, 2009, 08:46:04 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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« Reply #6 on: July 23, 2009, 08:50:56 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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« Reply #7 on: July 23, 2009, 10:16:40 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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Initial FSW app       : October 15, 2008
Draft encashed      : December 2008
              AOR       : May 16,2009
    Docs update      : May 16,2009
Docs submitted      : July 2, 2009
E-cas "In Process"  : Sept 8, 2009
rizcom123
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« Reply #8 on: July 23, 2009, 10:24:37 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, 10:39:01 am »

If I underdeclare, would the undeclare money be taxable if I transfer them to Canada later?
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