CRA says it has $1.4B in uncashed cheques sitting in its coffers

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OTTAWA — The Canada Income Company says will probably be sending e-notifications about uncashed cheques to 25,000 Canadians this month.

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The federal company says it has roughly $1.4 billion price of uncashed cheques in its coffers which have collected over time, with some courting again to 1998.

Annually, the CRA points tens of millions of funds within the type of advantages and refunds, however some cheques stay uncashed for numerous causes, together with misplacing a cheque or altering addresses.

One other 25,000 Canadians will obtain e-notifications in November, adopted by 25,000 extra in Could 2023.

The CRA launched a marketing campaign in February 2020 to get Canadians to money their cheques and says it has thus far returned greater than $800 million again to taxpayers.

The CRA says Canadians can test if they’ve uncashed funds by logging in to or signing up for a web based CRA account.