Policy Bulletin 431
Changes Regarding Transfer of Funds
CD 860 - Offender's Money, promulgated on October 1, 2013, and revised on October 24, 2013, included substantive changes to the management of offender's money. This bulletin provides clarification regarding further changes to the transfer of offenders' funds.
Paragraph 26 currently states: "Transfer from an offender's savings account to his/her current account will normally occur no more than four times a fiscal year and will not exceed a total of $500 annually."
Effective January 6th, 2014, offenders will be permitted to transfer from their savings accounts to their current accounts a total not exceeding $750 annually. All applicable paragraphs of the directive have been updated accordingly.
Offenders will also be permitted an additional transfer from January 2014 to March 2014, which would equate to a total of five transfers for fiscal year 2013-2014, to coincide with the introduction of the new transfer limit.
- Pamela Yates
- Reintegration Programs Division
For more information
- Government-wide Forward Regulatory Plans
- The Cabinet Directive on Regulatory
- The Federal regulatory management
- The Canada–United States Regulatory Cooperation Council
To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.
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