Documents Reveal Canadians Hold $2 Billion in Uncashed Federal Cheques

Recent documents reveal that Canadians have collectively left over $2 billion uncashed in federal cheques. This staggering amount comes from approximately 3.9 million cheques issued in the last four fiscal years, totaling $2,159,665,155. These cheques encompass various payments, including tax refunds, pension distributions, and benefits from the Canada Revenue Agency (CRA) and other governmental departments.

Details on Uncashed Federal Cheques

The unclaimed cheques include significant funds that went uncashed, such as:

• $141 million from Canada Carbon Rebate cheques.
• $50 million related to Climate Action tax credits for British Columbia residents.
• $42.8 million in cheques issued through the Canada Child Benefit program.

Despite the conclusion of some rebate programs, it’s important to note that government-issued cheques do not expire. If lost or damaged, they can be replaced. Taxpayers are encouraged to check their CRA accounts or contact the agency to verify any outstanding cheques.

Trends in Payment Distribution

While a majority of federal payments are made via direct deposit, around 8.51 percent are still distributed by cheque. Many government agencies continue to issue substantial numbers of cheques. The cost to issue a single cheque stands at approximately $1.83. Costs for the 121 million cheques mailed from April 1, 2022, to September 30, 2025, are estimated to reach about $222 million.

Government’s Response and Future Plans

This information was disclosed in a government response to a question posed by Conservative finance critic Adam Chambers, published in Parliament on January 26. The report indicates that managing the transition away from paper cheques is the responsibility of individual departments. Although there was consideration for implementing a prepaid card program for some payments, it was ultimately deemed too costly compared to direct deposit options. Public sentiment also leaned against this initiative.