Is the requirement in Regs. 209(3) and (4) for the financial institution (the “Issuer”) to obtain the express consent of the taxpayer (the “Client”) satisfied where the Client signs up for online access to a secure website on which an Issuer has electronically uploaded the tax information, so the Client can access or download their tax information slips directly? CRA stated:
[W]here the Client is duly informed and acknowledges that by accessing the information slips through a secure website in the manner facilitated by the Issuer, the Client is agreeing to receive the information slips electronically. This consent can be granted by the Client on the website itself.
…[W]here a Client signs up for online access to a secure website and downloads their tax information from the site, the express consent requirement in subsections 209(3) and (4) would be met provided the Client is duly informed and acknowledges that they are consenting to receive their information slips electronically.