happytbaby:
Funny enough I cannot see where to quote GlitteringStar for some weird reason so ayam quoting both of you.

I am not saying CIC will ultimately disqualify it, I am talking about the technicality of what a TB is worth at a point in it's life. I am okay with points 2 and 3.

If you decide to sell a TB prior to maturity you will sell it at a discount to face value however it should be higher than how much you paid for it initially (provided that interest rates have not moved up and your value gone down), this is a reasonable assumption since you would have expected to have earned some interest during the period you had the TB (holding period return). If you want to sell it today you cannot sell at face value.. ..it naturally follows that no one will buy it for the same amount that it will be redeemed in the future.

CIC aside, l was coming from the logical stand point of "I do not have that face value as at this moment and would not compare the exchange rates of today with a value of tomorrow, I will compare like with like" but this is me, it does not have to be what Guitarlife or any other person would do, I always prefer to be as safe as possible.

To answer Newmum, If I have 2 discounted instruments and they both have a tenor of 1 year but one has 2months to expiration, I will be more comfortable to use Face Value for the one expiring in two months time, I have already earned 10 months of interest .

For things like this, I guess CIC will most likely just let it slide because writing a rejection letter on the basis of POF saying that the DV is less than POF whilst FV is sufficient will be too 'one-kind'.

happytbaby:
You have taken the interest upfront but you will not[b] earn[/b] that interest that you have collected fully that until maturity. A discounted fixed income instrument will converge to face value at maturity. In essence you have collected money that you have not earned.

Guitarlife may choose to use face value but I, Happytbaby, will use discounted value.

DadR:
I quite understand the angle you are coming from because I purchase and rediscount Tbills for and on behalf of my clients. However @guitarlife is safe using the Face Value. If he uses the DV, he would be short changing himself cos by the time a VO is reviewing his/her file, the value would have increased. Even if he's rediscounting today, he would get more than the DV how much more when the VO would be reviewing his file. Am not sure any VO would sit down and calculate the value of the instrument if it's to be rediscounted as at the date of review to ascertain the exact POF value.

As @Adiabasi has rightly said (senior from the living in Canada thread) she used the Face Value and has gotten PPR.

Having said all this, @guitarlife is at will to choose the way to go.

Cheers

happytbaby:
Funny enough I cannot see where to quote GlitteringStar for some weird reason so ayam quoting both of you.

I am not saying CIC will ultimately disqualify it, I am talking about the technicality of what a TB is worth at a point in it's life. I am okay with points 2 and 3.

If you decide to sell a TB prior to maturity you will sell it at a discount to face value however it should be higher than how much you paid for it initially (provided that interest rates have not moved up and your value gone down), this is a reasonable assumption since you would have expected to have earned some interest during the period you had the TB (holding period return). If you want to sell it today you cannot sell at face value.. ..it naturally follows that no one will buy it for the same amount that it will be redeemed in the future.

CIC aside, l was coming from the logical stand point of "I do not have that face value as at this moment and would not compare the exchange rates of today with a value of tomorrow, I will compare like with like" but this is me, it does not have to be what Guitarlife or any other person would do, I always prefer to be as safe as possible.

To answer Newmum, If I have 2 discounted instruments and they both have a tenor of 1 year but one has 2months to expiration, I will be more comfortable to use Face Value for the one expiring in two months time, I have already earned 10 months of interest .

For things like this, I guess CIC will most likely just let it slide because writing a rejection letter on the basis of POF saying that the DV is less than POF whilst FV is sufficient will be too 'one-kind'.

happytbaby:
@ Guitarlife:

The verdict is in : go and sin no more and use face value.

mcstan18:


Hi sister, I think you are applying Fair value less cost to sell to this. What IRCC looks out for is how much you'd have in that investment upon maturity and not if you dispose at time, t. If they required the value at the time of application or receipt of ITA, then we can talk about present valuing the investment to get its correct position.

Anyway, there's nothing lost in doing it your way though. That would even mean applying more caution which isn't detrimental to one's application. Here,
guitarlife has indicated that she'd fall short of the POF requirement if she uses the discounted value. So it's safe to advise her to go with the Fair value.

MRSDA:
Hello everyone,

PPR mail received today. Huge relief.

ITA- July 2017
AOR- Sept 6th
ADR - Sept 19th
MEP- Sept 20th
NA2- Sept 20th
FTD to LVO- October 30th
ADR- Feb 1(passport bio data pages, height and eye colour)
PPR- Feb 5th (my son's birthday)

Wishing everyone the best in their Canada journey.

Abbylee:
It almost always means something - I got this email when i created my profile, I got it again in NA2; at this stage it indicates one's file has been transferred to LVO.

Newmum0615:
Chai. Before I start to read this your response,
lemme drink cold water first. I am not feeling very well plix

happytbaby:
@ Guitarlife:

The verdict is in : go and sin no more and use face value.

mcstan18:


Hi sister, I think you are applying Fair value less cost to sell to this. What IRCC looks out for is how much you'd have in that investment upon maturity and not if you dispose at time, t. If they required the value at the time of application or receipt of ITA, then we can talk about present valuing the investment to get its correct position.

Anyway, there's nothing lost in doing it your way though. That would even mean applying more caution which isn't detrimental to one's application. Here,
guitarlife has indicated that she'd fall short of the POF requirement if she uses the discounted value. So it's safe to advise her to go with the Fair value.

Guitarlife:

Blood of Habakuk ! I am a guy

No vex my guy. Oya come chop small knuckle

MRSDA:
Hello everyone,

PPR mail received today. Huge relief.

ITA- July 2017
AOR- Sept 6th
PPR- Feb 5th (my son's birthday)
Wishing everyone the best in their Canada journey.

mcstan18:


Hi sister, I think you are applying Fair value less cost to sell to this. What IRCC looks out for is how much you'd have in that investment upon maturity and not if you dispose at time, t. If they required the value at the time of application or receipt of ITA, then we can talk about present valuing the investment to get its correct position.

Anyway, there's nothing lost in doing it your way though. That would even mean applying more caution which isn't detrimental to one's application. Here,
guitarlife has indicated that she'd fall short of the POF requirement if she uses the discounted value. So it's safe to advise her to go with the Fair value.

happytbaby:
You have taken the interest upfront but you will not[b] earn[/b] that interest that you have collected fully that until maturity. A discounted fixed income instrument will converge to face value at maturity. In essence you have collected money that you have not earned.

Guitarlife may choose to use face value but I, Happytbaby, will use discounted value.

MRSDA:
Hello everyone,

PPR mail received today. Huge relief.

ITA- July 2017
AOR- Sept 6th
ADR - Sept 19th
MEP- Sept 20th
NA2- Sept 20th
FTD to LVO- October 30th
ADR- Feb 1(passport bio data pages, height and eye colour)
PPR- Feb 5th (my son's birthday)

Wishing everyone the best in their Canada journey.

Ethelia:


Hmm, we won't be going personally to get the PCC's and the Form I got online from the thread is the same.....

Please can anyone who got the PCC's done by proxy explain how/where to get the separate forms? Thanks

Favoredme:
Well, someone picked up the forms (both pink and black) from a police officer in Alagbon and sent to us. We placed our fingerprints (using instructions in the video provided by the police officer) and sent them back for processing. Our contact then scanned soft copies to us.
Cc: Ethelia

MRSDA:
Hello everyone,

PPR mail received today. Huge relief.

ITA- July 2017
AOR- Sept 6th
ADR - Sept 19th
MEP- Sept 20th
NA2- Sept 20th
FTD to LVO- October 30th
ADR- Feb 1(passport bio data pages, height and eye colour)
PPR- Feb 5th (my son's birthday)

Wishing everyone the best in their Canada journey.

Ethelia:


Thank you. That means I need to send someone there to first get the forms and scan them to me. Or must the forms be originals?

Aig84:
Ok so what did it mean when you created your profile?

Favoredme:
I read on either this thread or the previous one where someone got the forms online. It was no hassle getting the originals for me so I took that route.

You may call Inspector Moshood to confirm though he wasn't the one who processed mine.

MRSDA:
Hello everyone,

PPR mail received today. Huge relief.

ITA- July 2017
AOR- Sept 6th
ADR - Sept 19th
MEP- Sept 20th
NA2- Sept 20th
FTD to LVO- October 30th
ADR- Feb 1(passport bio data pages, height and eye colour)
PPR- Feb 5th (my son's birthday)

Wishing everyone the best in their Canada journey.

Vancouver4:
I have been planning for IELTS March 24 Abuja and just wanted to register now but March 24 is no where to be found again. Only academic available. I saw GT there in January before planning o

Does it me the tin don full or what

Ethelia:


Yes