• Grant has been working fulltime for ABC electric for the last 5 years as an Electrician. He has provided a recent paystub and a current letter of employment. While he does receive overtime occasionally you are able to confirm that his regular pay is equal to $75,000 annually
• Myra also works fulltime for the county of Strathcona in the accounts payable department. She has been working there for 4 years. She has provided her most current paystub and employment letter and you have calculated her income to be $65,000. She tells you that she is up for a promotion that will take effect next month and her salary will then be $70,000 annually,
• You have determined that they have two credit cards that are open. The first is a RBC Visa with a $10,000 limit that they ensure is paid off each month, and they also have a Scotia Visa that has a $5,000 limit, currently its balance is $3280.40 you note that there is 1-30 day late payment but their overall rating is R1
• Myra is finishing paying off her Government of Alberta student loan in about 6 months' time. Monthly payments are $250/month. The student loan is showing that there were late payments 2-30 day and 1-60 day late payment. When you ask Myra about it she explains that they were from when she first had to start paying back the loan and she wasn't responsible at the time. Her parents sat down with her and together they worked out a budget to rectify the situation. Her loan is currently up to date. Balance showing on credit bureau is $1550.00
• Grant has a truck payment of $750/month that he has 2 years remaining on, he brought a current statement from GMAC showing the $18,576.35 owing, currently reporting as I1 on his credit bureau.
• Myra's grandmother is providing the down payment at 5% of the purchase price.
• They are currently renting a home at $2500/month, heat is $150/month where they have resided for the last 6 years.
• Calculating Net Worth (with the new property based on information provided)

1. They have joint accounts chequing and savings total current balance $2800

2. Grant has a small RSP with Servus credit union with a balance of $5,500

3. Myra has a trading account with TD Waterhouse that she actively trades current balance is $14,500

4. Assume all previous credit balances from introduction to case

5. Myra is also receiving her grandmother's engagement ring she says is worth $5500.00

6. Grant has a Disney print valued at $8500

7. Grant has a 2020 GMAC Sierra $55,000

8. Myra has a 2017 Chev Impala $8,500 no amount owing.

ASSETS		LIABILITIES		PAYMENTS
Home		mortgage
Join account
RRSPs
GMAC Sierra
Chev Impala
TOTAL		TOTAL
NET WORTH