We are a US company which has a presence in Canada.

January 4, 2019

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Q. (cont.) For Canadian located vendor payments issued from our Canadian operation are we required to escheat any¬†uncashed check payments? If so where are they escheated to - our state of incorporation? What is the timeline to submit the outstanding payments? For U.S. operations for Canadian vendors, ae we required to escheat? If so, to the state of incorporation or to Canada? A. If a payment is made by a Canadian subsidiary (a separate legal entity organized in a Canadian province) of a U.S.…

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