Claim Missing Money With Found Money®

Americans are reminded that they could be eligible for a rebate of up to 50% of the Canadian GST/HST paid on eligible tour packages to non-resident/tourists visiting Canada for the Olympic Games. This rebate is also available to non-resident businesses or organizations that buy eligible tour packages for the use of non-resident employees or clients. In addition, this rebate is available to non-resident non-registered tour operators that buy, and then resell, eligible tour packages.
Americans and other non-residents that are not registered and that are not tour operators, for example, businesses or organizations, can claim a rebate of up to 50% of the GST/HST paid on an eligible tour package if all the conditions listed below are met (unless the registrant supplier has already paid or credited the rebate amount to the tour operator).
• The non-resident is not purchasing the eligible tour package for resale in the ordinary course of a business of selling tour packages.
• The accommodation included in the eligible tour package is made available to a non-resident individual.
• The person claiming the rebate is a non-resident of Canada at the time the rebate claim is filed.
• The non-resident submits the rebate claim to the CRA within one year after the last day any GST/HST included in the claim became payable. Generally, the day the tax becomes payable is the day the amount is paid or the date of the invoice, whichever comes first.
• The non-resident includes all required supporting documents with its rebate claim.
Non-residents can receive a rebate for eligible tour packages by:
• filing a rebate claim with the CRA; or
• being paid or credited the rebate amount by a registrant supplier, such as a Canadian tour operator, at the point of sale if certain conditions are met.
If the registrant supplier does not pay or credit the rebate amount at the point of sale, the non-resident can file form GST115, GST/HST Rebate Application for Tour Packages with the Canada Revenue Agency.
This form is found at http://www.cra-arc.gc.ca/E/pbg/gf/gst176/gst176-07e.pdf. Non-residents must file the rebate claim within one year after the last day on which any tax included in the claim became payable, and must include the required supporting documents to prove that they qualify for the rebate.
Edward Palonek from FoundMoney.com says, “these refunds could amount to hundreds of dollars for each tourist to the Olympics. If Americans do not send in a claim form, it will amount to quite a bit on money that will simply become unclaimed cash”.

Mr. Palonek, is the founder of Foundmoney.com, a company that helps reunite people with their lost or forgotten money. Found Money was started in 1994 and specializes in unclaimed money and has reunited thousands of people with their lost and forgotten money.
Upon returning home from the Olympics, “Many folks could use some extra cash to pay of those credit card bills, so why leave that extra unclaimed cash behind” says Palonek.
To search for your name visit foundmoney.com’s website and you could find that unexpected gift full of cash.

The Christmas season has ended and now the New Year has begun. If you are retired or about to retire this is the time to make sure that you are receiving or about to receive all your pension money. You would be surprised to learn that there are over $100 million in Lost Pension Benefits. These are pensions from terminated defined benefit pension plans.

“Although the vast majority of workers receive their full pension, sometimes people lost track of benefits earned with former employers,” said Vince Snowbarger, Interim Director of the PBGC. “The Pension Search directory helps workers find retirement money they are entitled to but cannot locate.”
The unclaimed benefits for over 30,000 pensioners range from as little as a few dollars to over $600,000, while the average is around $5,000.

“That’s a lot of money for someone not claiming especially in these tough economic times” says, Edward Palonek, founder of Foundmoney.com, a company specializing in helping people find unclaimed money, since 1994. What’s further amazing according to Palonek, is that “Pensioners are completely unaware that there may be some unclaimed pension money out there in their name waiting to be claimed”

The States that have the highest number of missing pensioners and Lost Money are New York at approx. 7,000 pensioners and $38 million unclaimed pension money, California at approx. 3,000 pensioners and $7 million, New Jersey at approx. 2,000 pensioners and $12 million, Texas at approx. 2,000 pensioners and $7 million, Pennsylvania at approx. 2,000 pensioners and $10 million, Illinois at approx. 1,500 pensioners and $9 million and finally Florida at approx. 1,500 pensioners and $7 million.
Finding these unclaimed pensioner money is as simple as clicking your computer mouse and conducting a search for your name or that of someone you know, says Palonek. The online service is free and available 24 hours a day.

The unclaimed pension money is from approx. 6,600 companies, primarily in the airline, steel, transportation, machinery, retail trade, apparel and financial services industries that closed pension plans in which some former workers could not be found.
According to Palonek, many of the pensioners are workers with pensions whose former employers closed pension plans and distributed benefits. Others are workers or retirees missing from under-funded pension plans because the plans did not have enough money to pay benefits.
To avoid becoming a missing pensioner of unclaimed pension money, workers should tell their employers when they move or change names, and they should hold on to any pension information they receive from their employers.

Make sure not to write off the lost pension money as lost forever, you never know this may be the year that you find yourself richer that you think. What a great way to start of the New Year in 2010.