Dormant inactive or unclaimed financial accounts TD F 90-22.1 -

More questions - Kin Phord-ToyDavid, 
I thoroughly enjoyed meeting with you earlier this week. My father-in-law has been keeping me updated on your correspondence with him. My wife and I had another question concerning the TDF 90 and foreign accounts. Over the years we had been living in Canada, we accumulated accounts that we stopped using, but had left $5 here and $10 there. I assume these accounts are inactive, but were never formally closed by us. What action should we take for these accounts assuming we can remember their details? And what if we can't remember the details such as account numbers, PINs, etc? Thanks,
david ingram replies:
Just about everyone has an inactive forgotten acount somewhere.
It was always a joke with my family because we would be driving down a street in some small town and I would suddenly stop the motorhome and go in a bank and come out with anything from $50.00 to $2,700.  It was because I had 700 offices in 30 statres and five provinces. when they closed, almost all had something left which was usually not worth bothering about.
Four years ago, the Financial Post listed me as having an unclaimed $2,200 in the Bank of Nova Scotia in Toronto.  I just checked  at and found another one. (The Pitney Bowes acount is mine,  it coincides with my closing an office in Toronto in 1982.)  I also think I found one for my sister and  an old one for my deceased mother.
I can not find any that looks like it belongs to your in-laws or yourself.
However, it takes ten years for them to transfer an outstanding balance so you have to look every year.
If you do not remember its existence, I do not think it matters.  Certainly $5.00 or $20.00 has likely been eaten up in service charges and the account has been closed by the institution.
Take a look.  If you just type in your surname, you will find that there are 32 possiblities for yours, none for your father in law, and 58 for 'ingram'.  Weibe has 60, while Roberts, Jones and Smith show the best 300 of whatever number actually exist with the specific name 'John Smith' having 37 all to itself.
By the way, there are dormant account searches for Swiss Bank accounts, English Bank Accounts and US accounts.
The US is a dog's breakfast because each state has its own set of rules.  Yo9u can get a start looking for a dormant or inactive accouint in the US at:
BUT, Canada has the same problem with credit unions where every province has a different set of rules and registry for dormant credit union accounts.  BC rewuires you to write to their offiee.
If the deposit was transferred on or after / since Sept 15, 1990, use
Unclaimed Property Office
Office of the Comptroller General
Ministry of Finance
P.O. Box 9413 Stn Prov Govt
Victoria, British Columbia V8W 9V1
e-mail: unclaimedmoney at
Contact: Michelle McBride 250-387-8793
If deposits were transferred to Credit Union Deposit Insurance Corporation/Financial
Institutions Commission prior to September 15, 1990, direct enquiries to the following
Financial Institutions Commission
1900 - 1050 West Pender Street
Vancouver, B.C. V6E 3S7
Attention: Controller
Telephone: 604-660-2947
Fax: 604-660-3170
e-mail: FICOM at
Hope this helps.  I would forget about any account you can't remember.  
Although in doing my search of names, I did come up with a lady in Massachusetts who had a $39,000 dormant account in Canada.  For that much she is likley dead and there are heirs that would like. it.  There ae several organizations who search for heirs and claim a finder's fee.
Type in "Confederation trust" and you will find thousands of hits from $3.00 up from the settlement of the banruptcy of confeeration trust which took place in August, 1994.  finally, the unclaimed balances were transferred  to the Bank of Canada on Dec 31, 2005 as shown by the following in which you will see that they can claim their $95.43 -- anyone know Dean?
  Unclaimed Balance Information  
      Payee: BROWNING DEAN 
      Address: PAYEE: 1463 ACADIA DRIVE S.E.  CALGARY AB 
      Official Cheque: 046854  Transferred to Bank of Canada: $95.43 
      Last Transaction Date: 1995/12/31 Transfer Date: 2005/12/31 
      Status: UNCLAIMED  Outstanding Balance: $95.43 
To claim this account, please contact us
Or how about the Bev Longstaff  re-election campaign which can collect a cool clean $118.68.
      Unclaimed Balance Information  
      Address: PAYEE: 450 407 2 STREET S.W.  CALGARY AB 
      Official Cheque: 046934  Transferred to Bank of Canada: $118.68 
      Last Transaction Date: 1995/12/31 Transfer Date: 2005/12/31 
      Status: UNCLAIMED  Outstanding Balance: $118.68 
To claim this account, please contact us
She was not hard to find
SAIT honours Bev Longstaff - 2006 Distinguished Alumnus
On March 12, 2007, family, friends and colleagues joined together in Macdonald Hall to celebrate and honour our 2006 Distinguished Alumnus, Bev Longstaff, EGT '78. Bev was honoured for her years as a passionate community leader and dedicated SAIT supporter. She was not only a student of SAIT, but a former instructor as well. After 10 years at SAIT, Bev successfully ran for office and became a City Alderman and served in that capacity for four terms.
Bev was the Calgary Director for the G8 Conference in 2002, and continues to be an ardent community leader and volunteer by serving for organizations such as: The Salvation Army Community Service Board, Calgary Homefront and SAIT's Board of Governors. She is well sought after for her advice and expertise, particularly in issues regarding Calgary's underpriviledged population.
Speakers at the event commented on Bev's love for her family and the community, as well as, her immense contributions to the City of Calgary, and of course to SAIT.
I am just making thepoint that there are thousands of accounts out there and I can NOT imagine the US Dept of Treasury going after you or your spouse for an unreported $5.00 although the law  certainly gives them the right to do so once you have the oblifgation.  If you know where it is, report the account and then formally close it to be sure..
It is very unlikely that blind or unexpected email to me will be answered.  I receive anywhere from 100 to 700  unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients.  Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject and get answered first.  I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when i am out of town.  expert  US Canada Canadian American  Mexican Income Tax help
However, I regularly search for the words"PAYING CUSTOMER" and always answer them first if they did not get spammed out. As an example, as I write this on Sept 2, 2007 (the day before I turn 65), since June 16th (78 days), my 'spammed out' box has 24,417 unread messages, my deleted box has 8063 I have actually looked at and deleted and I answerd 576 email questions for clients and strangers.  I have also put aside 472 messages that I am maybe going to try and answer because they look interesting. -expert  US Canada Canadian American  Mexican Income Tax help
Therefore, if an email is not answered in 24 to 36 hours, it is lost in space.  You can try and resend it but if important, you will have to phone to make an appointment.  Gillian Bryan generally accepts appointment requests for me between 10:30 AM and 4:00 PM Monday to Friday VANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321. expert  US Canada Canadian American  Mexican Income Tax help.
David Ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
4466 Prospect Road
North Vancouver,  BC, CANADA, V7N 3L7
Cell (604) 657-8451 - 
(604) 980-0321 Fax (604) 980-0325
Calls welcomed from 10 AM to 9 PM 7 days a week  Vancouver (LA) time -  (please do not fax or phone outside of those hours as this is a home office) expert  US Canada Canadian American  Mexican Income Tax help.
 email to taxman at
Disclaimer:  This question has been answered without detailed information or consultation and is to be regarded only as general comment.   Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist for expert help, assistance, preparation, or consultation  in connection with personal or business affairs such as at If you forward this message, this disclaimer must be included." expert  US Canada Canadian American  Mexican Income Tax help.
David Ingram gives expert income tax & immigration help to non-resident Americans & Canadians from New York to California to Mexico  family, estate, income trust trusts Cross border, dual citizen - out of country investments are all handled with competence & authority.
Phone consultations are $400 for 15 minutes to 50 minutes (professional hour). Please note that GST is added if product remains in Canada or is to be returned to Canada or a phone consultation is in Canada. expert  US Canada Canadian American  Mexican Income Tax help.
This is not intended to be definitive but in general I am quoting $800 to $2,800 for a dual country tax return.
$800 would be one T4 slip one W2 slip one or two interest slips and you lived in one country only - no self employment or rentals or capital gains - you did not move into or out of the country in this year.
$1,000 would be the same with one rental 
$1,200 would be the same with one business no rental
$1,200 would be the minimum with a move in or out of the country. These are complicated because of the back and forth foreign tax credits. - The IRS says a foreign tax credit takes 1 hour and 53 minutes.
$1,500 would be the minimum with a rental or two in the country you do not live in or a rental and a business and foreign tax credits  no move in or out 
$1,600 would be for two people with income from two countries
$2,800 would be all of the above and you moved in and out of the country.
This is just a guideline for US / Canadian returns
We will still prepare Canadian only (lives in Canada, no US connection period) with two or three slips and no capital gains, etc. for $150.00 up.
With a Rental for $350
A Business for $350 - Rental and business likely $450
And an American only (lives in the US with no Canadian income or filing period) with about the same things in the same range with a little bit more if there is a state return.
Moving in or out of the country or part year earnings in the US will ALWAYS be $800 and up.
TDF 90-22.1 forms are $50 for the first and $25.00 each after that when part of a tax return.
8891 forms are generally $50.00 to $100.00 each.
18 RRSPs would be $900.00 - (maybe amalgamate a couple)
Capital gains *sales)  are likely $50.00 for the first and $20.00 each after that.
Just a guideline not etched in stone. 
This from "ask an income trusts tax and immigration expert" from or or David Ingram deals on a daily basis with expatriate tax returns with multi jurisdictional cross and trans border expatriate problems  for the United States, Canada, Mexico, Great Britain, United Kingdom, Kuwait, Dubai, Saudi Arabia, Thailand, Indonesia, Japan, China, New Zealand, France, Germany, Spain, Italy, Russia, Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida, Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali, Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent, Grenada,, Virgin Islands, US, UK, GB, and any of the 43 states with state tax returns, etc. Rockwall, Dallas, San Antonio Houston, Denmark, Finland, Sweden Norway Bulgaria Croatia Income Tax and Immigration Tips, Income Tax  Immigration Wizard Antarctica Rwanda Guru  Consultant Specialist Section 216(4) 216(1) NR6 NR-6 NR 6 Non-Resident Real Estate tax specialist expert preparer expatriate anti money laundering money seasoning FINTRAC E677 E667 105 106 TDF-90 Reporting $10,000 cross border transactions Grand Cayman Aruba Zimbabwe South Africa Namibia help USA US Income Tax Convention. expert  US Canada Canadian American  Mexican Income Tax help. 
David Ingram expert income tax and immigration help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits family estate trust trusts income tax convention treaty
New York, Boston, Sacramento, Minneapolis, Salem, Wheeling, Philadelphia, Pittsburgh, Atlanta, Pensacola, Miami, St Petersburg, Naples, Fort Myers, Cape Coral, Orlando, Atlanta, Arlington, Washington, Hudson, Green Bay, Minot, Portland, Seattle, St John, St John's, Fredericton, Quebec, Moncton, Truro, Atlanta, Charleston, San Francisco, Los Angeles, San Diego, Sacramento, Taos, Grand Canyon, Reno, Las Vegas, Phoenix, Sun City, Tulsa, Monteray, Carmel, Morgantown, Bemidji, Sandpointe, Pocatello, Bellingham, Custer, Grand Forks, Lead, Rapid City, Mitchell, Kansas City, Lawrence, Houston, Albany, Framingham, Cambridge, London, Paris, Prince George, Prince Rupert, Whitehorse, Anchorage, Fairbanks, Frankfurt, The Hague, Lisbon, Madrid, Atlanta, Myrtle Beach, Key West, Cape Coral, Fort Meyers,   Berlin, Hamburg,  Warsaw, Auckland, Wellington, Honolulu, Maui, Kuwait, Molokai, Beijing, Shanghai, Tokyo, Manilla, Kent, Winnipeg, Saskatoon, Regina, Red Deer, Olds, Medicine Hat, Lethbridge, Moose Jaw, Brandon, Portage La Prairie, Davidson, Craik, Edmonton, Calgary, Victoria, Vancouver, Burnaby, Surrey, Edinburgh, Dublin, Belfast, Glasgow, Copenhagen, Oslo, Munich, Sydney, Nanaimo, Brisbane, Melbourne, Darwin, Perth, Athens, Rome, Berne, Zurich, Kyoto, Nanking, Rio De Janeiro, Brasilia, Colombo, Buenos Aries, Squamish, Churchill, Lima, Santiago, Abbotsford, Cologne, Yorkshire, Hope, Penticton, Kelowna, Vernon, Fort MacLeod, Deer Lodge, Springfield, St Louis, Centralia, Bradford, Stratford on Avon, Niagara Falls, Atlin, Fort Nelson, Fort St James, Red Deer, Drumheller, Fortune, Red Bank, Marystown, Cape Spears, Truro, Charlottetown, Summerside, Niagara Falls, income trust, Income Tax Treaty Convention. - expert  US Canada Canadian American  Mexican Income Tax help.
 International non-resident cross border expert income tax & immigration help estate family trust assistance expert preparation & immigration consultant david ingram, income trusts experts on rentals mutual funds RRSP RESP IRA 401(K) & divorce preparer preparers consultants Income Tax Convention Treaty.  expert  US Canada Canadian American  Mexican Income Tax help.
Be ALERT,  the world needs more "lerts".  expert  US Canada Canadian American  Mexican Income Tax help.  - 
 expert us canada canadian Mexico income tax help
No virus found in this incoming message.
Checked by AVG Free Edition. 
Version: 7.5.488 / Virus Database: 269.13.33/1034 - Release Date: 27/09/2007 5:00 PM
-------------- next part --------------
An HTML attachment was scrubbed...
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: image/gif
Size: 23226 bytes
Desc: not available
Url : 


Trackback URL for this entry:

No trackback comments for this entry.