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From: manis@ubc-cs.UUCP
Newsgroups: can.general
Subject: Re: Borrowed records from Revenue Canada
Message-ID: <497@ubc-cs.UUCP>
Date: Fri, 21-Nov-86 12:24:41 EST
Article-I.D.: ubc-cs.497
Posted: Fri Nov 21 12:24:41 1986
Date-Received: Fri, 21-Nov-86 14:34:13 EST
References: <623@water.UUCP> <192@spectrix.UUCP>
Reply-To: manis@ubc-cs.UUCP (Vincent Manis)
Distribution: can
Organization: UBC Department of Computer Science
Lines: 7

Chris Lewis remarks (in an extremely informative posting) that you don't
need a SIN to open a bank account. I'm afraid that this statement is
incorrect: the Tax Act requires that banks report interest on accounts (and
therefore a SIN is required). I'm not sure about the status of non-federally
chartered institutions such as some trust companies and all credit unions,
but, since the regulation is related to income reporting, I would assume it
applies here, too. (I know my credit union wanted my SIN when I joined.)