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It’s extremely important if you’re a white or Asian applicant whose parent didn’t attend or donate a large sum of money to Harvard.

Not nearly as important as who your parents are (or how rich they are).

That is my impression as well.

It doesn't make too much sense to over indexing on this when it is already discounted in a significant way.

During college tours at Harvard in 2007 I had an informational interview with an admissions Dean, and when he learned my SAT was 2110 he asked if I was planning to retake and cut the interview short.

It's important if your score is bad

I would assume it is already balanced based on various factors before evaluation

BTW Canada didn't have SAT requirement for college application I think they are doing OK. They do look at GPA during high school though.