Coupon expiration date law canada Gift cards come with regulations

Coupon expiration date law canada, gift cards and certificates statutes and legis

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If no expiration date is printed on the front or back of the card, it is presumed valid until it is redeemed or replaced for a new gift card. The provisions of this clause shall not apply to a qualified gift certificate.

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The proceeds of all other stored value cards presumed abandoned shall be 60 percent of the value of the card, in money, on the date the stored value card is presumed abandoned. A "gift certificate" includes, but is not limited to, a record that contains a microprocessor chip, magnetic strip, or other means for the storage of information that is prefunded and for which the value is decremented upon each use; a gift card; an electronic gift card; a stored-value card or certificate; a store card; or a similar record or card.

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