Here's a headscratcher: Canadians have left uncashed over $2 billion of cheques mailed out by the federal government.
$2,159,665,155 to be exact. That's a lot of money, particularly given that it was sent to some of the most needy in the country. For example, about $141 million was for the Canada Carbon Rebate, and nearly $43 million was for the Canada Child Benefit.
Only about 8.5% of total federal payments are sent out in the form of paper cheques - most are paid by direct deposit - but some agencies still issue large numbers of cheques. Government cheques never expire, and can be replaced if lost or damaged.
It does make you wonder what's going on, though. We keep being told that huge swathes of the Canadian population are struggling financially, and yet there is $2 billion of free money sloshing around out there, unclaimed, presumably sitting in a drawer or bag. Sure, many poorer people are not well financially-educated. But how hard is it to deposit a cheque into a bank?
