More than $11M in 'uncollectable debts' being written off in Nova Scotia
Canadian currency. (CTV News)
The Nova Scotia government says it is writing off $11.6 million in “uncollectable debts” stretching back several years.
According to a news release from the province, the debts from past fiscal years up to March 31, 2023, were written off after multiple collection efforts and a review that found they are unlikely to be paid.
The debts include unpaid fines, loans, and fees.
“Removing debts unlikely to be paid is a standard accounting practice that keeps the government’s financial statements accurate. Although a debt is written off, efforts to collect the funds continue,” said Finance and Treasury Board Minister Allan MacMaster.
For more Nova Scotia news visit our dedicated provincial page.
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