Calvin A. asked

⚖️  Law

As a Canadian non-resident with a residency in the Middle East, I want to buy US stocks and was required to submit the W8BEN form. I didn't include the Foreign Tax Identification Number (TIN) because I don't have one, nor do I currently have a valid SIN. The US brokerage firm requested a letter justifying why I don't have a TIN, offering two options: (1) I am not legally required to obtain a TIN in my jurisdiction of tax residence, or (2) Other with an explanation. Should I choose the first option since I'm a resident in the Middle East, or should I choose the second option and elaborate on the situation (being a Canadian non-resident with no revenue from Canadian sources, hence no need for tax returns and no TIN)?

February 27th, 2024

Jeffrey W. answered

You should choose the first option, stating that you are not legally required to obtain a TIN in you...

February 27th, 2024

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