Bankers Association, Mortgage Lenders Seek Access to Canadians’ Private Tax Info

Bankers Association, Mortgage Lenders Seek Access to Canadians’ Private Tax Info
The Canada Revenue Agency headquarters at the Connaught Building in Ottawa on Aug. 17, 2020. Sean Kilpatrick/The Canadian Press
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Canadian banks and mortgage lenders are asking the Canada Revenue Agency for electronic access to private federal tax records to validate borrowers’ income.

The Canadian Bankers Association, in a recent submission to the Senate banking committee, described the measure as a fraud prevention solution.

Jennifer Cowan
Jennifer Cowan
Author
Jennifer Cowan is a writer and editor with the Canadian edition of The Epoch Times.
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