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ARTICLE · 23 JULY 2013

Update on Ontario’s Unclaimed Property Program

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In June 2013, the Ontario Ministry of the Attorney General ("Ministry") held meetings with various stakeholders about the proposed Unclaimed Property Program.

CanadaCorporate/Commercial Law
Eva Chan
Eva Chan
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In June 2013, the Ontario Ministry of the Attorney General ("Ministry") held meetings with various stakeholders about the proposed Unclaimed Property Program.  The Ministry has now published a summary of the views expressed at these meetings, which is available at:

http://www.attorneygeneral.jus.gov.on.ca/english/about/uipp_consultation.asp.  

According to the summary: "Groups from the not-for-profit sector suggested that the Ontario program be based on the British Columbia model, where the unclaimed property goes directly to support the not-for-profit sector."

The Ministry has also extended the deadline for written submissions on its consultation to September 18, 2013.  A copy of the consultation is available at:

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