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In light of COVID-19, Ontario communities and families are struggling more than ever. Here in Ottawa, lots of our neighbours have lost their jobs. Many part-time and temporary workers are facing the impossible question of whether to pay for food or rent. Some are visiting a food bank or even a shelter for the first time ever. Others are facing unprecedented personal challenges.
As Ontario looks for innovative ways to support individuals and communities, a potential solution is to unlock money that already exists. More specifically, Ontario can explore the creation of an Unclaimed Properties Act that can make approximately $14.4 million of unclaimed assets deliver much-needed relief to both individuals and the community.