I am on visit visa to Canada, visiting my children.
I have opened up my account in a local bank and account is working fine.
Last month I received a mail from the Bank saying below:
{
Canadian Income Tax Act (Part XVIII and XIX) has been updated and we will need to provide information about the customers who have tax residence in other countries to CRA. The CRA may share these information with those countries through existing provisions and safeguards under tax convention.
You are required to provide Taxpayer Identification Number (TIN) for the countries declared in table below.
Country Pakistan TIN Required YES
}
Now the problem is, I don't have any income as I am retired, I never worked in Pakistan as I was overseas Pakistani and had income from Middle East. Middle East has no income tax for foreign workers either.
Did anyone received any similar letter, and how did you respond to it.
I have opened up my account in a local bank and account is working fine.
Last month I received a mail from the Bank saying below:
{
Canadian Income Tax Act (Part XVIII and XIX) has been updated and we will need to provide information about the customers who have tax residence in other countries to CRA. The CRA may share these information with those countries through existing provisions and safeguards under tax convention.
You are required to provide Taxpayer Identification Number (TIN) for the countries declared in table below.
Country Pakistan TIN Required YES
}
Now the problem is, I don't have any income as I am retired, I never worked in Pakistan as I was overseas Pakistani and had income from Middle East. Middle East has no income tax for foreign workers either.
Did anyone received any similar letter, and how did you respond to it.
