The Ontario government is providing valuable tips to protect consumers who plan to buy gift cards as part of their holiday shopping.
To get the most out of gift cards, consumers should be aware of the following:
“Before buying or using a gift card, read the fine print. Be a smart consumer so you can enjoy the holiday tradition of giving and receiving, with confidence” said Tracy MacCharles, Minister of Consumer Services.
In 2007, Ontario was the first province to ban most retail business gift cards from having an expiry date. This means a gift card can be used to its full value no matter when you decide to use it.
Federally regulated gift cards that resemble credit cards and phone cards may have expiry dates.
Gift cards are the second most requested present by Canadians during the holiday season.