When one applies for a mortgage, will the mortgage company report any of your info to tax bureau?
Question: A friend has a question — Does mortgage reports your mortgage application info to tax department?
Answer: It’s an interesting question. Even if they didn’t “report” it, the tax people could watch for liens filed on property and toss it all into one big database bucket. I dunno what they would get from that, though. I don’t know the answer, but I can think of a another questions 
Is the mortgage issuer *required* by law to get your SIN number on the application? If so, then it’s probably being reported. I don’t think the tax man looks at mortgages but he does look at real estate transactions. Those must be reported, the city must know who owns property so it can collect property taxes. Federal and provincial tax auditors look at real estate transactions. If you declare earnings of $30k per year and buy a property of $2M, you should expect the tax man to open a file with your name on it.
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