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Responsibilities
Since April 1, 2006, Revenu Québec has been the single agency responsible for recovering and provisionally administering unclaimed property. Such property includes unclaimed successions, property located in Québec whose owners are unknown or untraceable, and property of dissolved legal persons.
The administration of unclaimed property was officially transferred from the Curateur public to the Minister of Revenue under the Act to abolish certain public bodies and transfer administrative responsibilities, passed on December 14, 2005, by the National Assembly of Québec. Certain sections of the Act amend sections of the Public Curator Act to confirm this change in responsibilities.
Under legislative amendments that came into force on July 1, 1999, the list of property under provisional administration has been expanded to include financial assets such as deposits at savings and credit unions, the contents of safety deposit boxes at financial institutions, amounts payable under a pension or retirement contract or plan, and amounts payable under a life insurance contract.
In its administration of unclaimed property, Revenu Québec must make an inventory of the property and inform the public that it is exercising its jurisdiction in this area. To this end, notices of quality are published in major daily newspapers circulating in Québec and may be consulted on Revenu Québec's Web site. Revenu Québec is responsible for ensuring the return of the unclaimed property to owners or assigns who assert their claims within the prescribed time limits.
