🚀 go-pugleaf

In article <197@spectrix.UUCP> clewis@spectrix.UUCP (Chris Lewis) writes:
>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.  As such,
>there isn't any particular need for a SIN number because your SIN number
>*must* be in the return itself.  As there isn't with tuition fee 
>receipts, profit declarations from capital gains etc.

The impression that this gives me is that Chris is not aware that the
T5 (and T4, T3? blah blah blah - gee - I've been away so long I can't
even remember all the numbers) are multi-part forms.  The T5 in particular
is a 4 part form: 1 for the issuer (e.g. the bank) 2 for you, one of
which you include with your return, and 1 that the issuer sends directly
to the government.  This is the same as the T4.

Things that provide you with deductions, like tuition receipts, the
gov't doesn't care if you don't claim them.  Gains and income, they
care.  If for example you had stock transactions during the year,
you would porbably also have a T5 from your broker for interest
earned on your account.  Therefore the gov't could assume that you
have some stock transactions.

John Sellens