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Why do you need my SIN number to open an RRSP or TFSA account?
Why do you need my SIN number to open an RRSP or TFSA account?
A
Written by Adam Rayf
Updated over 2 months ago

Financial institutions like brokerage firms and banks must collect your SIN before opening a registered account in your name to comply with Canadian federal regulations. This helps ensure that the government receives your correct tax information.

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