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  Improve Your Financial Knowledge - Part 14

  1-Mar-2023

  41. Personal Information Protection and Electronic Documents Act (PIPEDA):

  *** Personal information must be collected for a reasonable purpose and with consent.

  *** Personal information must be used for the purpose consented, and limit the collection, use, and disclosure.

  *** Individuals must have a right to correct any inaccuracies.

  *** Companies must store personal information securely.

   

  42. Personal information

  * Name * Date of birth * Address * Telephone number * Gender * Physical description (e.g. height, weight, eye color) * Identification numbers (e.g. social insurance number) * Income * Education * Employment * Blood type * Credit records * Loan records * Existence of a dispute between consumer and merchant * Intention to acquire goods or services * Visual images and videotapes

   

  43. Personal information does NOT include the below information:

  * Name * Business title * Business address * Business telephone

   

  44. National Do Not Call List (DNCL)

  Individuals must signs up to have their home phone, mobile, or fax number included on the list, to prevent telemarketers make unsolicited calls to the number.

  *** Businesses are also allowed to continue calling clients up to 18 months after a client has ceased to do business with them.

  *** Unsolicited calls to offer new services or products are not permitted if they are on the DNCL.

   

  45. Canada’s Anti-Spam Law (CASL)

  *** Regulate the transmission of Commercial Electronic Messages (CEMs).

  *** Deal with other electronic threats to commerce, such as malware and the harvesting of electronic address and personal information.

   

  46. The US Foreign Account Tax Compliance Act (FATCA)

  *** US legislation meant to target certain US taxpayers suspected of tax evasion by investing offshore.

  *** Identify and report to CRA the accounts held by clients, who are a US person for US tax purposes.

   

  You can book your consultation at 

  Https://ABCFinancialAdvisor.com/Book-a-Meeting

  Or call us at 647-830-8080

   

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