What efforts are being made? There are two parts here. There's the first part, in which the money is sitting in a financial institution. Within the first 10 years, the financial institution is required to send a reminder to the individual via mail at years 2, 5, 9 and 10. If the owner of that unclaimed fund is not responding, then the money will be transferred to the Bank of Canada.
When it's in the Bank of Canada, the bank has a list, currently published on its website, that will provide the names and the amounts that have not been claimed yet. In terms of the amount that we have, overall the bank right now has about $2.2 million sitting in unclaimed accounts. On an annual basis, a bit less than $1 million is transferred to the receiver general's account.
You need to understand that when an unclaimed account balance is less than $1,000, the bank is required to hold this account for a period of 30 years before transferring the account to the receiver general. If it's more than $1,000, the bank needs to hold this account for a period of 100 years.