WHEREAS properties that should revert to the Crown under provisions of the Escheat Act remain in the name of the intestate owner or dissolved corporation and cannot be sold under tax sale; AND WHEREAS local governments are required to remit levied taxes on these properties to other governments and agencies and are without means to recover these funds: THEREFORE BE IT RESOLVED that the provincial government make the necessary amendments to the Escheat Act to enable the transfer of properties to the Crown and make the necessary financial restitution to local governments for the remittance of taxes and other government levies on these properties.
Ministry of Finance The resolution raises an interesting issue. Government is looking at the idea and its implications and once that process is complete it will be considered for the next budget 2008.