Newsgroups: can.general
Path: utzoo!lsuc!dave
From: dave@lsuc.uucp (David Sherman)
Subject: Re: SIN Number
Date: Sat, 17-Dec-88 22:23:46 EST
Summary: new rule is in the ITA
Message-ID: <1988Dec17.222348.20224@lsuc.uucp>
Distribution: can
References: <604@mks.UUCP>
Organization: Law Society of Upper Canada, Toronto

In article <604@mks.UUCP> mike@mks.UUCP (Mike Brookbank) writes:
>I just recieved a letter from Richardson Greenshields in Toronto stating
>that I would have to submit my SIN number because brokers now have to
>declare all Government Bonds, T -Bills, etc. through your SIN number.  I
>don't know how they were supposed to report before but this seems to be
>a new rule.

Yes, it's the same rule as the provision I quoted from the
Income Tax Act in an earlier posting.   The requirement to
report T-Bill income has been in place for a couple of years,
but the SIN requirement was just introduced.  As I noted, no
penalties will be levied by Revenue Canada for violation of this
provision during 1988.
-- 
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