New Brunswick’s Unclaimed Property Act requires holders of unclaimed monetary property – including businesses, associations, and government organizations – to annually:
- review their books to search for monetary property that belongs to someone else;
- notify the owners of this property before it is reported; and
- report the property to the Unclaimed Property Program if they cannot reunite it with its owner.
The reporting period under the Unclaimed Property Act runs from January 1 to March 31 each year. Reporting is done through FundsFinderNB.ca.
The Act requires holders to determine if monetary property held will become unclaimed at the end of each calendar year. If holders have not reported before, they must also determine if property held became unclaimed in 2017 and any subsequent year.
To find out when monetary property becomes unclaimed, and to find out specifics on notification and reporting requirements, visit FundsFinderNB.ca. Holders can also subscribe to receive email notifications regarding updates on this Program, including reminders on reporting periods.