The Canada Revenue Agency (CRA) currently holds over 10 million unclaimed cheques, totaling approximately $1.75 billion, with an average value of $170 each. These unclaimed funds stem from various payments, including tax refunds and benefits, some dating back to 1998, like the Alberta 2005 Resource Rebate. Reasons for unclaimed cheques include lost paper payments and a lack of direct deposit. Canadians can check for unclaimed funds through the CRA’s website by logging into their account.
Want More Context? 🔎
Loading PerspectiveSplit analysis...
