Government of Canada/Public Works — April 11, 2012Government of Canada Increasing the Use of Direct Deposit: Security, Reliability and Efficiency
GATINEAU, QUEBEC--(Marketwire - April 11, 2012) - The Government of Canada will increase the use of direct deposit by slowly phasing out federal government cheques by April 2016. Direct deposit is a secure, reliable and cost efficient way to deliver payments to Canadians.
This initiative is expected to save the Canadian government approximately $17.4M per year starting in 2014-15. The cost to produce a cheque is approximately 82¢ while a direct deposit payment costs about 13¢. Cheques will only be issued under exceptional circumstances, for example when Canadians do not have access to a financial institution because they live in a remote location.
"The Government of Canada is committed to using taxpayer dollars wisely," said the Honourable Rona Ambrose, Minister of Public Works and Government Services and Minister for Status of Women. "Increasing the use of direct deposit will contribute significant savings through the reduction in the use of paper and related cheque-printing and delivery costs."
The Receiver General issues over 300 million payments annually, of which close to 77% are already made by direct deposit. Citizens and businesses currently receiving Government of Canada cheques have the next four years to register to receive payments by direct deposit. Enrolment forms can be obtained from the Receiver General web site, or from federal departments responsible for the payment to be received by direct deposit. For any new payment, the first payment method offered will be direct deposit.
This government is modernizing the way we do business and saving taxpayer dollars. This initiative also supports the Government's efforts to achieve its targets as part of the Federal Sustainable Development Strategy by reducing paper consumption and reducing greenhouse gas emissions.
For more information about the Receiver General and to enroll for direct deposit, please visit: http://www.tpsgc-pwgsc.gc.ca/recgen/txt/index-eng.html
Ce texte est également disponible en français.
PWGSC news releases are also available on our Internet site at http://www.tpsgc-pwgsc.gc.ca/medias-media/index-eng.html.
Office of the Honourable Rona Ambrose
Public Works and Government Services Canada
Latest Industry Press Releases
New Affordable Housing Open in Regina (2014-04-14)
Nouvelle maison d'hébergement d'urgence à Melfort (2014-04-11)
New Emergency Shelter in Melfort (2014-04-11)
Media Advisory: New Emergency Shelter in Melfort (2014-04-10)
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 415 projects with a total value of $3,354,507,550 that Reed Construction Data Building Reports reported on Tuesday.
$200,000,000 Milton ON Tenders
$55,000,000 Ottawa ON Negotiated
$30,000,000 Lennox and Addington Co ON Negotiated
- Youth get hands-on at Future Building expo
- Taskgroup to work on engaging Aboriginal communities
- World Cup stadium strike comes to an end
- Former Quebec construction boss admits collusion involvement
- Manufacturing labour shortage to get a boost from government
- LEED-approved projects are booming in 2014
- Large wave of project enter Holcim Awards competition
- Former finance minister Jim Flaherty has died
- Siemens Canada awarded first wind turbine order in Saskatchewan
- Journal of Commerce Preview for the week of April 21st, 2014
- Fort McMurray airport terminal getting ready for take off
- B.C. government forms liquefied natural gas working group
- Kitimat residents vote against Northern Gateway pipeline
- Precast concrete enables net-zero homes
- Learning to dig safely can save lives
- Ex construction boss admits to collusion in government contracts
- P3 Fund launches
- Supreme court won't hear case involving construction mogul
- Minister spurns spat over plant