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Query on POF

A

ast1980

Full Member
Dec 18, 2016
44
10
Hello,

I have sufficient funds in my bank to show $18900 for three members. However, I have two housing loan but do not have sufficient Assets to offset the liability. Since both the apartments are under construction, i do not have property papers.

Do i need to show liability to CIC. Is it a matter of concern.


Regards,
 
CanadaWeCome

CanadaWeCome

Champion Member
Oct 1, 2015
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ast1980 said:
Hello,

I have sufficient funds in my bank to show $18900 for three members. However, I have two housing loan but do not have sufficient Assets to offset the liability. Since both the apartments are under construction, i do not have property papers.

Do i need to show liability to CIC. Is it a matter of concern.


Regards,
Click to expand...
No, you don't need to show those.
 
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