Toys “R” Us Canada is ending its acceptance of gift cards as of Monday. Customers have only today to utilize their gift cards before they become invalid. This decision is tied to the retailer’s ongoing creditor protection proceedings.
Toys “R” Us Canada: A Financial Overview
Earlier this month, Toys “R” Us Canada filed for creditor protection due to financial difficulties. Court records revealed that the company had accumulated over $36 million in outstanding gift card obligations.
Judicial Permissions and Store Closures
- A judge has ruled that the company can stop accepting gift cards after a 14-day notice period.
- The deadline for using gift cards is fast approaching, with today marking the final opportunity.
- If lease negotiations with landlords do not succeed, the retailer may liquidate more of its remaining 22 stores.
E-Commerce Sales Halted
Before seeking creditor protection, Toys “R” Us Canada had temporarily suspended online sales. This pause allowed the company to revamp its website. However, since then, online sales have not resumed.
Customers holding gift cards now must visit physical stores for any purchases. This closure of gift card acceptance marks a significant change for the retailer.
This report was first published by The Canadian Press on February 16, 2026, by Tara Deschamps.
