Canada Revenue Agency sitting on $1 billion in uncashed cheques: Here’s how to claim yours

OTTAWA – The Canada Revenue Agency is sitting on a windfall of more than $1 billion in cheques left uncashed by taxpayers over 20 years.

According to information obtained by the National Post, those cheques amount to $1 billion of taxpayer’s unclaimed money. That’s an average of $200 for each of the five million affected Canadians. So for the launch of the 2020 tax season on February 24, the department created an online verification tool that every taxpayer can access via CRA’s website. Once logged in to the agency’s “My Account” service, click on the “Uncashed cheques” link at the bottom of the “Related services” column on the “Overview” page.

To his point: none of the National Post’s six parliamentary bureau reporters and columnist knew of the service, and two of them were happy to discover they were owed money dating back to 2005 or 2006. In the meantime, the money from the unclaimed cheques doesn’t simply sit in an account waiting to be paid. Instead, it goes back into the government’s general coffers to be used elsewhere until a taxpayer cashes their cheque.Highly suggest checking to see if you’ve got any. I had 105 dollars from 2017.

I’m sure JustinTrudeau will give it away for a UN seat.

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