Unclaimed Property

 

Unclaimed property refers to financial assets that have been abandoned or left dormant by their rightful owners for an extended period of time.

The provinces of Alberta, British Columbia and Québec have enacted unclaimed property legislation aimed to connect unclaimed property with their rightful owners, and where those efforts are unsuccessful, to deliver the property to a government authority. The process for claiming unclaimed property varies depending on the jurisdiction and each jurisdiction will have its own unclaimed property registry or database where individuals can search for and claim their unclaimed assets.

Pembroke maintains a list of Unclaimed Property belonging to Pembroke direct clients where their last known address was in Quebec, Alberta, British Columbia, or New Brunswick.

Owners of unclaimed property can submit a search request by contacting compliance@pml.ca and providing any supporting documents and identification.

Quebec

In Quebec, unclaimed property must be delivered to Revenu Québec, which administers unclaimed property and keeps a public register of this property.

For more information or to consult Quebec’s register of unclaimed property, please visit the Revenu Québec’s website.

Alberta

In Alberta, unclaimed property must be delivered to the Alberta Treasury Board and Finance, Tax and Revenue Administration (TRA) which administers unclaimed property and keeps a public register of this property for the residents of that province.

For more information or to consult Alberta’s registry of unclaimed property, please visit the TRA’s website.

British Columbia

The Unclaimed Property Act (British Columbia) applies to property if the last known address of the client was in British Columbia and the client’s account was opened or the transaction from which the property arose occurred after July 1, 2000.

For more information, please refer to Unclaimed Property Program – Province of British Columbia.

New Brunswick

In New Brunswick, unclaimed property must be delivered to the Financial and Consumer Services Commission (FCNB) which administers unclaimed property and keeps a public register of this property for the residents of that province.

For more information or to search New Brunswick’s FundsFinderNB database for unclaimed property, please visit the FCNB’S website.