Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/18/84; site dciem.UUCP
Path: utzoo!dciem!msb
From: msb@dciem.UUCP (Mark Brader)
Newsgroups: can.general
Subject: Bank account and no SIN (was: Borrowed records...)
Message-ID: <2018@dciem.UUCP>
Date: Wed, 26-Nov-86 16:05:39 EST
Article-I.D.: dciem.2018
Posted: Wed Nov 26 16:05:39 1986
Date-Received: Wed, 26-Nov-86 17:19:42 EST
References: <623@water.UUCP> <192@spectrix.UUCP> <497@ubc-cs.UUCP> <197@spectrix.UUCP> <1873@watdragon.UUCP>
Reply-To: msb@dciem.UUCP (Mark Brader)
Distribution: can
Organization: NTT Systems Inc., c/o DCIEM, Toronto
Lines: 18
Summary: Yes.

Chris Lewis (clewis@spectrix.UUCP):
> > Certainly, the banks are required to report interest, but this doesn't 
> > necessarily mean that you have to supply them with a SIN.  All they do
> > is give *you* the T5's and *you* send them off to Taxation. ...

John M. Sellens (jmsellens@watdragon.UUCP):
> The impression that this gives me is that Chris is not aware that the
> T5 [etc.] ... are multi-part forms ... [including] 1 that the issuer
> sends directly to the government.

John is right about the T5, but Chris is right about not needing a SIN.
Goodness, I had a bank account by the time I was 8 years old, but I didn't
get a SIN until I was 16 or 17.  And the rules haven't changed since then
to say that you do need a SIN to open an account.

I just called my bank and asked them.

Mark Brader