Monday, December 20, 2021

$26M OF GOVERNMENT CARELESSNESS

 The federal government deposited nearly $26 million into the wrong bank accounts during the last fiscal year — and more than $10 million of it may be gone for good.

According to figures tabled in the House of Commons, the government sent 22,170 direct deposits to the wrong bank accounts between April 1, 2020 and March 31, 2021. In the previous fiscal year, it deposited 9,619 payments worth a total $6.6 million into the wrong accounts.

The number of cases reported during the 2020-2021 fiscal year is the highest since at least 2012. The total amount paid into the wrong accounts — $25.9 million — is much higher than the figure reported for the previous year and is the second largest annual amount of misdirected cash reported since at least 2009.

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