Do I have to give my sin to my employer?

Employers are required by law to request your SIN within three (3) days after the day on which your employment begins. You must also provide your SIN when completing your income tax return or when applying for EI or CPP / QPP benefits.

What to do if you give your sin to a scammer?

If you suspect that someone is using your SIN fraudulently, act quickly to prevent personal loss and minimize the negative impact.

File a complaint with the police.
Contact the Canadian Anti-Fraud Centre at 1-888-495-8501.
Call Canada’s 2 national credit bureaus.

What happens if I give my social security number to a scammer?

If you provided a scammer with your Social Security Number directly, or you already think your number was used fraudulently, you will need to act more urgently. The credit agencies will provide you with a PIN number which you must keep on hand to unfreeze it. Fraud alert.

Is it safe to give out sin?

Do not give your Social Insurance Number (SIN) number out to just anyone! It is a confidential number. Some government organizations or private businesses ask for the SIN because it is a simple way to identify you. However, there is no law that stops organizations from asking for it.

Why does Wealthsimple need my sin?

I can tell you that if Wealthsimple is an investment app, it is a brokerage account that will report your gains/losses to the IRS as income, therefore, your social security number is required. That means that your SSN is required on any investment account.

Why Wealthsimple trade is bad?

Wealthsimple trade is relatively new, and is so stripped down that it lacks some important features that most traders are interested in using. It provides very little information about stocks, has no analysis tools, has no way to automatically buy or sell stocks, and you can only trade on Canadian and U.S. exchanges.