The Cra Says It Has 1.4 Billion In Uncashed Checks

Canada Revenue Agency says it will send electronic notices of uncashed checks to 25,000 Canadians this month. The federal agency says it has about $1.4 billion worth of uncashed checks in its coffers that have accumulated over the years, some dating back to 1998. Each year, CRA issues millions of payments in the form of benefits and refunds, but some checks go unclaimed for a variety of reasons, including misplacing a check or changing addresses. Another 25,000 Canadians will receive electronic notices in November, followed by another 25,000 in May 2023. The CRA launched a campaign in February 2020 to get Canadians to cash their cheques, and says it has so far returned more than $800 million back to taxpayers. The CRA says Canadians can check if they have cashless payments by logging in or registering for a CRA online account. This report by The Canadian Press was first published on August 8, 2022.