XPost: can.internet.highspeed   
   From: Still-Just-A-Rat-In-A-Cage@crazyhat.net   
      
   In message  chuckcar    
   was claimed to have wrote:   
      
   >DevilsPGD  wrote in   
   >news:gbp9s5ttbkkqotik25o7i9o1rcrp8sv0ke@4ax.com:   
   >   
   >> In message  chuckcar    
   >> was claimed to have wrote:   
   >>   
   >>>Try getting the real reason why banks want your SIN number - they say   
   >>>"tax" reasons. For tax on interest on your account. The regulation   
   >>>to pay tax on withdrawl amounts *over* $10,000 has just been removed.   
   >>>There is no other relevant tax in Canada. And there is absolutely   
   >>>noting on the full income tax form relevant.   
   >>   
   >> You've not heard of "income tax"?  Bank interest is a taxable form of   
   >> income.   
   >>   
   >   
   >How much did they ding you for it *this* year(or last)? Let me   
   >guess, is it a whole number and *not* a natural number perhaps?   
   >The Government has far more important sources of income to   
   >worry about.   
      
   True.  And yet, try not giving your SIN to an employer because "you   
   won't make enough to have to pay taxes on it anyway"   
      
   It's not about the money that is made, simply that the banks are   
   required, by law, to report interest as taxable income.  Since banks   
   like collecting SINs, you won't see them lobbying to change anything and   
   therefore the status quo continues.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)