New chequing account and tax residency form ?
So went to open a new chequing account for my daughter. (Not savings and 0 interest will be applicable)
It was all good until she was asked to sign a tax form.- Declaration of Tax Residence for Entities – Part XVIII and Part XIX of the Income Tax Act.
I politely declined not proceed with the application until I get confirmation about our obligation to sign it . (my past experience I had signed none.)
My question is -
Is it a legal requirement and mandatory ? (My personal rule - If its not required then I will not provide)
I am thinking along the lines of SIN requirement which is not mandatory but the banks are keen on data mining.
It was all good until she was asked to sign a tax form.- Declaration of Tax Residence for Entities – Part XVIII and Part XIX of the Income Tax Act.
I politely declined not proceed with the application until I get confirmation about our obligation to sign it . (my past experience I had signed none.)
My question is -
Is it a legal requirement and mandatory ? (My personal rule - If its not required then I will not provide)
I am thinking along the lines of SIN requirement which is not mandatory but the banks are keen on data mining.