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Email this7:19 am
October 27, 2013
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T5s are not due until the end of February. I wish all FIs would make PDFs of them available online but there appear to be a number of 19th century holdouts (sarcasm intended). It is (and has been) my plan, to the extent possible, to cease doing business with any FI which is not 'current' in the year 2025.
It is unfortunate the mutual fund system, where funds are in nominee name via a brokerage, appears to limit(?) the ability (desire?) of the funds to release T3s (and T5s for ISAs) as PDFs through the brokerages themselves.
So many folk are not back from southern climes until April that it is a disservice to them especially that they cannot access their tax slips until they pick up snail mail upon return.
8:21 am
January 25, 2024
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AltaRed said
T5s are not due until the end of February. I wish all FIs would make PDFs of them available online but there appear to be a number of 19th century holdouts (sarcasm intended).
We should be lucky they do not do it in calligraphy by hand.
Then you could frame your hard earned interest certificate.
9:20 am
January 12, 2019
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.
As long as I receive them All by the end of Feb ... I'm good with that.
No need to get our knickers in a knot. 
Cheerio 4 Now,
- Dean
" Live Long, Healthy ... And Prosper! "
11:48 am
November 18, 2017
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My first (paper) T5 has arrived, from Home Trust (Oaken). Seriously, why would one want one's SIN and income details be out on line for he stealing?
Oaken wants to stop sending paper. But the law has always specified otherwise. As I have never signed a digital access agreement, they are stuck mailing to me.
Some financial institutions have SIN (or part of it) in their list of questions to validate callers. I just say "not on the phone" and they move on to other questions.
RetirEd
12:16 pm
October 27, 2013
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It is easier for criminals (and postal workers themselves) to steal physical tax slips from Canada Post letter mail than to break the secure https:// digital downloads from FI websites. Many articles have been written on digital security. This one is just one of many https://www.upguard.com/blog/what-is-https
The nature/look of such physical envelopes leaves nothing to the imagination. IOW, there is nothing 'safe' about letter mail in one's tin mailbox just outside one's door or in a community mailbox. The least FIs could do is put only the last 3 digits on a SIN on physical tax slips/documents.
That all said, each of us does what feels right for ourselves.
2:44 pm
January 25, 2024
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RetirEd said
Seriously, why would one want one's SIN and income details be out on line for he stealing?
Do you think PAPER is secure way to handle personal data????
Mailboxes are broken on a daily basis particularly now with the obese-man bribe.
Not to mention mail is carried by CONTRACTORS not Canada Post staff... like Canada Post employees are the most honest people on earth... Duh.
I prefer T5 to be on Banks' site and then I will download it.
7:19 pm
December 18, 2024
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RetirEd said
My first (paper) T5 has arrived, from Home Trust (Oaken). Seriously, why would one want one's SIN and income details be out on line for he stealing?Oaken wants to stop sending paper. But the law has always specified otherwise. As I have never signed a digital access agreement, they are stuck mailing to me.
Some financial institutions have SIN (or part of it) in their list of questions to validate callers. I just say "not on the phone" and they move on to other questions.
Really….Oaken made it clear a couple of months ago that T slips have to be downloaded. They emailed us to let us know each time a T slip is ready to download.
6:51 am
March 30, 2017
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RetirEd said
My first (paper) T5 has arrived, from Home Trust (Oaken). Seriously, why would one want one's SIN and income details be out on line for he stealing?Oaken wants to stop sending paper. But the law has always specified otherwise. As I have never signed a digital access agreement, they are stuck mailing to me.
Some financial institutions have SIN (or part of it) in their list of questions to validate callers. I just say "not on the phone" and they move on to other questions.
Well like it or no, your CPP, OAS, GIS info, your SIN, your address are all in electronic form saved somewhere. And govt website/database is as secure as most FI and not more....
And if you believe paper / hard copy is more secure, it's a false security.
8:06 am
October 27, 2013
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Even one's T1 paper filings are digitized at CRA and stored in their cloud. So is all the tax slip data forwarded by FIs to CRA.
Absolutely no one, FI or otherwise, transmits or stores anything in paper form any more.
9:46 am
January 12, 2019
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.
Sidebar . . .
- My CPP & OAS T4As arrived in the mail yesterday.
.
Have a Good Weekend, All ❗
- Dean
" Live Long, Healthy ... And Prosper! "
3:19 am
November 18, 2017
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AltaRed: I know a great deal about digital security, meing a mathematician with extensive experience in geekery. The financial industry is still refusing to use the security methods our current internet cesspool needs.
That said, I have through-the-door mail delivery within a locked apartment complex.
CAD: Most of the mail carried by contractors is bulk mail, not residential communication. And while some people may scoff at out letter carriers, the ones I have known were pretty sharp people. More importantly, most postal workers have the best job they are likely to get and would hate to lose. Not to mention the criminal penalties for violating their oaths. Why do former USPS workers tend to "go postal" after being fired?
GIC-Fanatic: I have checked twice, once last month and this week again, and Oaken made it thoroughly clear that they will be compelled to mail paper to all those they don't have digital sign-ups from. Final answer: my Oaken T5 from Oaken arrived this week. On paper. Not stolen. And a friend who also uses them reported she got hers, too.
savemoresaveoften and AltaRed: Yes, I know that many government and other businesses have much of my into. But those inner systems are mostly better hardened than public-facing ones. Final answer: the CRA has been compromised at LEAST twice already. But last I was able to check, Canadian government agencies do not use public clouds, only internal ones with VPN protection. Elections Canada still uses scrambled dial-up lines to transmit confidential data.
RetirEd
10:38 am
October 27, 2013
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The biggest risks (vulnerabilities) for digital data are: 1) malware primarily in the form of key loggers on a consumer's device, 2) unsecured devices including consumer routers, and 3) hackers breaking into institutional/vendor networks/databases. Transmission via https:// is not one of them.
The consumer can manage both 1) and 2) easily enough with just a bit of effort and knowledge but can do nothing much about 3). This last one applies no matter how a consumer communicates with their service provider as customer databases are digitized. It is really as simple as that.
Best I know, all snail mail delivered to community superboxes is by contractor and has been for us for some decades. There are many instances of bags of residential mail being dumped into ditches and community superboxes being compromised. Never mind porch surfers digging into letterboxes next to exterior doors.
Snail mail is not a method of mail delivery that I have trusted in recent decades. Unfortunately, certain items like renewals of DLs, credit cards, etc. will likely come via snail mail for a long time to come. Like I said earlier, to each his/her own. I will continue to try to avoid to the extent possible physical delivery of tax slips and CRA communication as much as possible.
5:01 pm
January 25, 2024
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RetirEd said
AltaRed: CAD: Most of the mail carried by contractors is bulk mail, not residential communication.
I do not know where do you live but this above is NOT TRUE.
In York region all mail is delivered by contractor to superboxes. I spoke with the guy and he said he has to use private vehicle with a little Canada Post sign on top of the vehicle.
Canada Post has an outlet at Shoppers and people working at that outlet are Shoppers' employee and have NOTHING to do with Canada Post. No pension, no benefit, nothing. Shoppers pays them; and if they are not very busy then they are putting products on the shelves.
5:04 pm
January 25, 2024
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AltaRed said
Snail mail is not a method of mail delivery that I have trusted in recent decades. Unfortunately, certain items like renewals of DLs, credit cards, etc. will likely come via snail mail for a long time to come.
Not to mention passports.
7:14 pm
October 27, 2013
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CAD said
Not to mention passports.
Passports must be personally delivered and I forget what CP service it was that delivered our renewals 18 months ago.
Locally, I can confirm all mail to superboxes has been delivered to the boxes by Contractors using private vehicles for at least a decade and probably more. I think some folks in the larger inner cities simply are not aware of what postal service is really like outside their long standing 'bubble'.
But to get back to the actual topic of this thread, I know there will be snail mail delivery of ~4 tax slips that I cannot get changed to digital offerings. Three of them will be mutual fund (MMF) and ISA deposit account tax slips and one will be from LBC Digital, a bank which should be shot and buried anyway.
4:54 am
November 8, 2018
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For everyone who is concerned about privacy of their information: all these slips are available at CRA MyAccount. One can download and print (if they wish to) tax slips right from there.
If someone wants to sponsor Canada Post and spend taxpayers money on postal stamps, envelopes, etc. - it is their choice. Just don't promote fake sense of security for mail delivery of income tax forms.
Also, if you have not registered for CRA MyAccount, I suggest you do even if you do not plan to use it. Otherwise, someone else might and then they will have access to all your tax info.
6:10 am
November 18, 2017
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CAD: Again, I have through-the-door mail, so there are no supermailboxes in my part of Vancouver. The employees are uniformed Canada Post staff, their trucks official and marked.
You are correct about the "post offices" contracted to local businesses. It's been a couple of decades since all Canada Post facilities have been closed to the public, their functions assumed by the contracted sites. Even before that, almost all small, local postal facilities were independent contractors who had to make do with selling stamps and no federal fundin.
I was handed my passport at a Service Canada office, right into my hand.
There's a lot going on in a postal system this big, and covering so much territory.
RetirEd
6:15 am
March 30, 2017
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Alexandre said
For everyone who is concerned about privacy of their information: all these slips are available at CRA MyAccount. One can download and print (if they wish to) tax slips right from there.If someone wants to sponsor Canada Post and spend taxpayers money on postal stamps, envelopes, etc. - it is their choice. Just don't promote fake sense of security for mail delivery of income tax forms.
Also, if you have not registered for CRA MyAccount, I suggest you do even if you do not plan to use it. Otherwise, someone else might and then they will have access to all your tax info.
Agree with everything u said.
There are services that Canada post is deemed to be useful, delivering tax receipt is NOT one of them.
As for physical credit cards, I so wish within next 10 years it will just be virtual cards on the phone only. Maybe by then those die hard who also believe a physical card is more secure will grow out of their fear bubble by then.
7:29 am
January 25, 2024
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savemoresaveoften said
As for physical credit cards, I so wish within next 10 years it will just be virtual cards on the phone only. Maybe by then those die hard who also believe a physical card is more secure will grow out of their fear bubble by then.
You cannot Force people to have phone and use apps or whatever.
Unless government provides very basic phones which can handle calls/sms and limited number of apps with NO CPU power to run idiotic games or watch movies.
8:46 am
October 27, 2013
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When 90% of Canadians have a smart phone and/or 2-in-1 tablet, it and/or a laptop, will become the expectation for interfacing with the outside world. Even folk my age are moving to Google Wallet (or similar) and/or smart watches.
Any old methods which will need to be maintained for the rest* will become increasingly difficult to accomplish. Example: When only 1 bank branch per 100,000 people have teller stations and retail outlets might be able to elect to opt out of 'cash' transactions (cash drawers).
Given the huge technological change that has occurred in just the past 10 years, it is hard to imagine 2035 not being another magnitude of change from today.
* Mostly remaining Silent Generation cohort currently >80 years of age and some disadvantaged low income components of our society. Maybe government will make subsidized simple talk and text devices available for this group of folk, just like CRA's initiative to 'complete' tax returns for that segment of society which is not now filing and missing out on social benefits.
Please write your comments in the forum.