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What is a frozen bank account in Canada?

A frozen bank account in Canada signifies a temporary suspension imposed by banks or authorities, restricting the account holder's ability to access or pay with their funds. This measure is often triggered by concerns like suspected fraud, legal disputes, or outstanding taxes to the Canada Revenue Agency (CRA).

Why did Canadian banks release frozen bank accounts?

This article is more than 2 years old. Canadian authorities instructed banks to release the financial accounts of people whose accounts had been frozen when the country’s federal government used emergency powers to crack down on protesters who occupied the area in front of country’s parliament in Ottawa for several weeks.

How many bank accounts were frozen by Canadian authorities?

... Canadian authorities had frozen up to 210 bank accounts with total holdings of C$7.8 million linked to the protestors.

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