According to the CRA, almost 9 million Canadians have uncashed cheques that are worth a total of $1.4 billion. Close to 25,000 Canadians will be notified about the money they’re owed within this month. The Canada Revenue Agency said some of the cheques owed date back as far as 1998.
The tax agency said “we want to make sure this money ends up where it belongs. In taxpayers’ pockets!” The tax agency handles billions of dollars in taxes and rebates every year. Not all of it makes it into the hands of Canadians who are entitled to it. This is mostly due to people either losing the cheques, or changing addresses.
The agency had started working on its backlog of uncashed cheques in February 2020. Since then it has returned $02 million to taxpayers who were owed money but didn’t know it.
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