Why Do I Need to Provide My SIN Number When I Purchase a Condo?

The deposits that you put down to purchase a pre-construction condominium will sit in an Interest Bearing Trust Account and can be held up to 6 or 7 years.  In order to collect the interest earned on the deposits, the developer must issue the necessary tax documentation and your SIN number is required for this purpose.

Sensitive information is always handled with the utmost care and will only be shared with the developer.