The Canadian media has reported that
about 5 billion Canadian dollars of assets have been unclaimed
for a long time in banks and financial institutions across the country
This can be for a variety of reasons
including changes to addresses and names
loss of log files
personal privacy reasons
and human error etc.
Currently, among the ten provincial administrative regions in Canada
only three provinces have relevant laws and measures
to find the owners of these properties
Quebec is one of the three provinces.
In Quebec, when the bank can’t find the owner of the safe
it will package the contents of it
and hand it over to the Quebec tax bureau for supervision
At present, the provincial tax bureau
supervises the property of 1,100 safes.
The tax bureau has opened a dedicated website that
lists the names and last known addresses
of the owners of these safes
So that they or their families can claim it
The problem is that very few people know about this site
Unless the tax bureau or bank takes the initiative to find the owner or family.
Every year, Quebec has
hundreds of safes unclaimed
Most of the safes are valuables
The most common life insurance policies
gold and silver coins, jewellery
family watches and gems
Paintings, stamps and medals
are also hidden in the collector’s safe.
At present, the tax bureau is responsible
for supervising the property from 1,100 safes
She gave a few examples
There is a safe with more than
250 coins and three gold bars
worth about $200,000
There are five gold bars in the other
Since it was unclaimed for many years
it was sold by the government in 2012
and each gold bar sold for $52,000.