What is unclaimed personal property?
Unclaimed personal property is property on which the owner has taken no action (e.g., no additions to an investment account or update of the mailing address) for an extended period of time and/or did not respond to the holder’s attempts to contact the owner. Depending on the type, property must be dormant for one to 15 years before it can be declared unclaimed. For a list of properties and the amount of time they must remain inactive, please refer to Appendix A of Information Circular UP-2, Property Holders.
