MONTREAL — Ottawa is sitting on a stockpile of more than $ 730 million
in uncashed tax refunds and other government cheques, according to Public Works Canada.
The report, which examined the department's Restitution Bank Account for the period Jan. 1, 2013, through Dec. 31, 2015, said officials failed to distribute $ 266,000
in uncashed checks meant for crime victims and could not resolve more than $ 100,000 in accounting errors.
We deposited $ 3 million
in uncashed checks.
Not exact matches
Firms like Plastic Jungle, meanwhile, are
in the $ 30 billion market of
uncashed gift cards.
«My office is
in the process of returning these
uncashed checks to the taxpayers of our state.»
The billions
in unclaimed funds come from old bank accounts, utility deposits,
uncashed checks, insurance claims, stocks and other sources that have been dormant for a number of years.
«My office is
in the process of returning these
uncashed checks to the taxpayers of our state,» said state Sen. Pam Helming.
«
In light of press reports and the statement released by the New York State Racing and Wagering Board earlier today, NYC OTB would like to clarify to its customers that all
uncashed winning tickets, vouchers or funds on account with NYC OTB are safe and secure.
NYRA will work with the Board to implement the conditions established
in today's meeting and to address reimbursement for NYRA Rewards customers, holders of
uncashed tickets, and other customers who can be identified through IRS reporting, within the time frames directed by the Board.
State law also requires the department to put
uncashed payments that are more than a year old into a trust fund for crime victims who have been waiting for restitution
in other cases.
The federal stash of
uncashed cheques, which never expire, is
in addition to nearly $ 1 billion worth of dormant bank accounts and Canada savings and pension bonds being held by the Bank of Canada.
I was looking
in my bureau drawer for something and I found four
uncashed cheques from deals I'd written.