Money in the bank: Ottawa looks for new ways to tax dormant accounts

Published: 13/01/2019
Money in the bank: Ottawa looks for new ways to tax dormant accounts
Source: WWW.CBC.CA

Ottawa wants to reform and expand its national registry of "unclaimed balances" — money in financial accounts that Canadians have forgotten they own. The proposal would add unclaimed pensions to the registry, but critics say that with about $6 billion in dormant assets up for grabs, more needs to be done.

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