A total of $1.4 billion in uncashed checks are currently in the coffers of the Canada Revenue Agency (CRA).
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As of May 2022, there were 8.9 million uncashed checks from Canadians at the CRA. These direct deposit or check issued refunds and services were not redeemed for various reasons such as:
The CRA on Monday proposed several solutions for returning that money to taxpayers as the amount continues to mount.
Approximately 25,000 electronic notices regarding these uncashed checks will be issued in August to certain beneficiaries of Canada’s provincial and territorial child benefit and related programs, GST/HST balance and Alberta Energy. The exercise will be repeated next November and May.
This initiative is not new as it was launched by the CRA in February 2020 and enabled the cashing of approximately two million checks totaling $802 million between February 10, 2020 and May 31, 2022.
View uncashed checks
Additionally, as of 2020, all Canadians can view their uncashed checks through the online My Account tool.
“Taxpayers will see an option under ‘Services Related’ titled ‘Uncashed Checks’ that allows them to easily check if they have an uncashed agency check for six months or more,” the CRA said in a statement.
According to the CRA, some uncashed checks even date back to 1998. Their average amount is $158.
However, these checks never expire. The CRA cannot void an original check and issue a new one without receiving the taxpayer’s application. So if he doesn’t trade, he won’t get any new checks. You must therefore fill out and submit the form displayed online in “My File”.
At the same time, on Monday, the CRA encouraged Canadians to sign up for direct deposit to receive payments in their bank accounts.
It is also possible for taxpayers to find out if they have uncashed checks by calling 1-800-959-7383.
- Listen to Alexandre Moranville-Ouellet’s summary on Alexandre Dubé’s mic on QUB radio: