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SIN Rules Tighten on Canadians Including Children
Revenue Canada extends SIN rules to minors with income over 2500 annually. Since 1967SINs have been required for tax filings and for information slips, with penalties up to 100 dollars per failure. Preparers must attempt to obtain SINs and document refusals or leave blanks when refused. Mr Mardon of Investors Group notes concerns about Orwellian implications.
MENTIONED IN THIS ARTICLE
Revenue Canada
Canada Pension Plan
Quebec
Canada
Department of Employment and Immigration
Mardon
Investors Group Inc