Receipt and Deposit of Public Money Regulations, 1997

3 All public money collected or received must be deposited to the credit of the Receiver General with the Bank of Canada or one of its agencies or a branch of a financial institution

• (a) forthwith, if the money is received electronically;

• (b) once a day, if the money is received by other than electronic means, or, if it is not cost effective to do so,

  • (i) once a week, or

  • (ii) in exceptional circumstances and if authorized by the Receiver General, once a month.