Why Does Lightyear Collect Personal Information?
We collect, retain, and use personal information about you only when we reasonably believe that it will help administer our business or provide products, services and other opportunities to you as our client. We collect and retain personal information about you only for specific business purposes – and we will tell you why we are collecting and retaining it on your request. The information we ask for depends on the products or services you request and in most cases are required by law or the policies of the regulatory bodies which we are subject. Your social insurance number is required for products that earn investment income, in order to comply with the Canada Customs and Revenue Agency’s income reporting requirements. Providing your social insurance number for credit reporting purposes is optional. If you provide your social insurance number, we also use it to keep your personal information separate from that of other clients with a similar name, including information we obtain with
