Fees

The Regulation respecting the application of the Public Curator Act provides that fees are to be charged for services rendered in the provisional administration of unclaimed property.

Fees are calculated based on the cost and market price of the services rendered. They are indexed to the cost of living on April 1 of each year. The goods and services tax and the Québec sales tax apply to these fees.

Fees from 2012-04-01 to 2013-03-31

Unclaimed financial assets and property left in detention centres and establishments of the health and social services network
Fees Description of services
$88 per hour Conducting an inquiry
$57 for the sale of each series of securities of the same class issued by the same issuer and remitted to the broker at the same time Liquidating a security
25% of the proceeds of the transaction Administering and liquidating property other than a security
$181 Receiving, administering and remitting property kept in a safety deposit box at a financial institution
10% of the value of the property
(minimum $2 and maximum $1,000)
Receiving, administering and remitting property other than property found in a safety deposit box at a financial institution
$88 per hour Tracing an owner or other interested party
$115 per hour Intervention of a legal nature
Unclaimed successions and property not mentioned in the preceding table (property of dissolved legal persons, property whose owners are unknown or untraceable, etc.)
Fees Description of services
$530 Opening a file
$88 plus $88 per hour Collecting information for the preparation of an inventory of property to be administered or liquidated
$88 per hour Conducting an inquiry
$326 Liquidating an abandoned vehicle
25% of the proceeds of the transaction Liquidating movable property other than a security or an abandoned vehicle
$88 per hour Administering and liquidating seized or abandoned property for which Revenu Québec is the provisional administrator under a statute other than the Unclaimed Property Act
$302 Collecting and analyzing information regarding an immovable
5% of the selling price
(minimum $760 and maximum $3,000)
Selling an immovable
$256 Any other transfer of an immovable or settlement of an immovable that is unmarketable
$204 Obtaining court authorization to encumber or dispose of property
$2,329 Administering and liquidating a business
$57 per return Filing a fiscal return
$115 per hour Intervention of a legal nature
$814 Rendering of accounts and transfer to a right-holder
$88 per hour Tracing an owner or a right-holder
$1,512 Provisional administration and liquidation of a debt, a claim, a bank account, an insurance policy or any other property not mentioned above
1.5% per year of the average assets under administration Managing a common trust fund whose portfolio consists solely of investments with a maturity of less than two years
2% per year of the average assets under administration Managing other common trust funds
Note
The text of the Regulation always takes precedence over these tables.
Last Updated: 2012-04-02