Subsection 237(1) - Social Insurance Number
Administrative Policy
9 August 1994 Internal T.I. 9414986 - SOCIAL INSURANCE NUMBER REQUIREMENT
A T-5 showing investment income resulting from the investment of family allowance payments and child tax benefits should contain the Social Insurance Number of the person whose funds are being invested rather than that of the parent. If the person is a child, the Social Insurance Number need not be provided unless the income exceeds $2,500.
88 C.R. -"Tax Reform and Administration"
The expanded s. 237(1) covers an individual who is not taxable, but who nevertheless files a return in order to obtain tax credits.
Subsection 237(1.1)
Administrative Policy
9 July 2012 External T.I. 2012-0438751E5 F - Police d'assurance-vie
Does the taxpayer have to provide the taxpayer's social insurance number to the insurer if an amount must be included in the taxpayer's income under paragraph 56(1)(j) and subsection 148(1) (e.g., on the maturity of the life insurance policy)? CRA responded:
Subsection 237(1.1) requires an individual to provide the individual’s social insurance number ("SIN") to the person required to file a T5 slip in the individual’s name. Individuals who do not comply with this requirement are subject to a penalty of $100 by virtue of subsection 162(6).
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 148 - Subsection 148(9) - Proceeds of the Disposition | proceeds of disposition arise when policy settled and are calculated by insurer | 147 |
Paragraph 237(1.1)(b)
Administrative Policy
19 March 2024 External T.I. 2024-1003321E5 - Enhanced Trust Reporting
An RRSP trust, which does not have a tax identification number (TIN), and is the beneficiary of a unit trust. Is it required to get one?
In responding affirmatively, CRA noted that, by virtue of s. 150(1.2) ITA and Reg. 204.2, the unit trust was required, for taxation years ending after December 30, 2023, to file a Schedule 15 with its T3 returns disclosing, inter alia, each beneficiary and that beneficiary’s TIN which, by virtue of a reference to s. 270(1)(a)(iii), referred in the case of the TIN of a trust, to its trust account number (TAN) issued by CRA.
Furthermore, s. 237(1.1)(b) provided that a person was required to provide its “designated number” (i.e., per s. 237(1.2)(b), its TAN, if a trust) to another person at that person's request if that person was required to make an information return that required that designated number. Accordingly, the RRSP trust, as a beneficiary of the unit trust, was required to provide its TAN to the unit trust upon the request of the unit trust. CRA concluded:
As such, should the RRSP trust not have a TAN, it should ask the Minister to be issued one.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 204.2 - Subsection 204.2(1) | beneficiaries listed on the Sched. 15 must obtain a TIN | 207 |
Subsection 237(2) - Number required in information returns
Administrative Policy
13 July 1992 T.I. 921775 (March 1993 Access Letter, p. 84, ¶C220-030)
Discussion whether the use of an employee's SIN No. internally for human resource purposes or for pension purposes would give rise to an offence under s. 239(2.3).