Get Labour Impact Net Worth Form L-8 - Prince Edward Island - Gov Pe

The Labour Impact Net Worth Form L-8 is a crucial document for individuals applying for immigration under various streams in Prince Edward Island. This guide provides a clear and supportive approach to help users navigate the online form effectively, ensuring all necessary information is accurately captured.

Follow the steps to fill out the form accurately and efficiently.

1. Press the ‘Get Form’ button to access the Labour Impact Net Worth Form L-8 and open it in your document editor.
2. Select the appropriate application stream by checking one of the options: Skilled Worker Stream, Critical Worker Stream, or International Graduate Stream.
3. Complete the applicant information section, providing your last name, first name, and date of birth in the format of day/month/year.
4. If applicable, detail your business ownership experience, including the year, business name, type of business, ownership percentage, co-owners, and their percentages. Use a separate sheet if additional space is needed.
5. In the personal net worth statement section, provide a comprehensive statement of total net worth for yourself and your spouse or common-law partner, ensuring all assets and liabilities are clearly identified.
6. Under assets, fill in details for Bank Deposits including the date opened, account number, and current balance, specifying currency. Repeat this for Fixed Deposits as well.
7. For Real Property, provide a description, year purchased, and details regarding whether it is mortgaged, along with purchase price and estimated current market value.
8. List publicly traded stocks and other investments by description, quantity, and estimated current market value, specifying currency.
9. Document your business assets, detailing the name, ownership percentage, current book value, and estimated current market value.
10. For pensions and other assets, describe the assets and provide the total amounts in the specified currencies.
11. Detail your liabilities including real property mortgages and other personal debts, specifying the nature of the debt and amounts.
12. Calculate your net worth by subtracting total liabilities from total assets, and document the total funds available for settlement in Canada.
13. Finally, sign and date the declaration, acknowledging that all information is a complete disclosure and understand the implications of submitting false information.
14. Once fully completed, ensure to save your changes. You may then download, print, or share the form as required.

Start filling out the Labour Impact Net Worth Form L-8 online today for your immigration process!