Uncashed CRA Cheques: Could You Be Owed Money?
Could the Canada Revenue Agency (CRA) be holding a payment that belongs to you?
Refunds, benefits, and other government payments can sometimes go uncashed because a cheque was lost, misplaced, or simply forgotten.
Why do payments go uncashed?
An uncashed CRA cheque can arise for several simple reasons. A taxpayer may have moved, misplaced a cheque, or forgotten about a payment received years earlier.
For individuals and businesses with a long tax history, it’s worth checking whether an older payment remains outstanding.
How can you check?
The CRA provides information about uncashed cheques through its online account services.
If an outstanding payment appears, review the CRA’s current instructions for requesting a replacement.
Don’t forget about estates
Uncashed payments may also become relevant when administering an estate.
If you’re responsible for the affairs of someone who has died, outstanding government payments can be another item worth considering as part of the estate administration process.
A simple check can be worthwhile
Reviewing your CRA account for outstanding payments doesn’t take much effort, but it could identify money that was never deposited.
Davidson can help you understand tax account information and address outstanding tax matters for individuals, businesses, and estates.
This article is provided for general information only and should not be considered accounting, legal, or tax advice. Your individual circumstances may differ. Contact your trusted advisor for guidance specific to your tax needs.
