Canadians have billions in uncashed cheques, rebates. Are you one of them?
Global News
Millions of paper cheques from the government valued at more than $2 billion dollars since 2022 that have been sent out to Canadians -- and have not been cashed.
There are more than four million paper cheques from the government valued at more than $2 billion since 2022 that have been sent out to Canadians — and have not been cashed.
That’s according to the latest data from Public Services and Procurement Canada, which released a response to an order paper question submitted by Conservative MP Adam Chambers.
The response was tabled in the House of Commons on Monday with dozens of different categories for government cheques, with many sent by the Canada Revenue Agency (CRA).
This comes as Canadians struggling with the higher cost of living report having to make sacrifices and lifestyle changes to maintain their finances. Some have even reported dipping into their savings accounts or pausing their long-term goals in order to pay for immediate needs like food and shelter.
With so many cheques reported as uncashed, this means many Canadians are leaving money on the table.
More than 725,000 of the former Canada Carbon Rebate cheques mailed since 2022 have yet to be cashed, with a total value of over $141 million.
There are also nearly 850,000 GST/HST tax credits that are uncashed with a value of over $118 million. These are the same payments the federal government sends out to qualifying Canadians that may be in a lower-income bracket four times per year, which Prime Minister Mark Carney recently announced would receive a boost to help with affordability challenges.
Many Canada Child Benefit paper cheques are also reported uncashed in the report, totalling more than 130,500 with a value of nearly $43 million.
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