Toys “R” Us Canada Gift Cards Expire Today

If you’re holding onto a Toys “R” Us Canada gift card, today, February 16, 2026, is the last day to redeem it. The retailer will cease accepting gift cards after today as part of its ongoing creditor protection proceedings.

Background on Toys “R” Us Canada’s Financial Situation

Toys “R” Us Canada began creditor protection proceedings earlier this month due to financial difficulties and an outstanding debt of over $36 million in gift card obligations . A judge permitted the company to stop accepting gift cards after a 14-day grace period, which concludes today.

What Happens to Unused Gift Cards?

Customers who do not redeem their gift cards by February 16, 2026, risk losing the value. The future of unredeemed gift cards remains unclear and neither Toys “R” Us nor Alvarez and Marsal Canada Inc., the consulting firm overseeing the proceedings, had responded to requests for information as of publication time .

Limited Redemption Options

Toys “R” Us Canada paused online sales prior to filing for creditor protection to revamp its website . Online sales have not been restored, meaning gift cards can only be used for purchases made in-store.

Potential Store Closures

In addition to ceasing gift card acceptance, the judge overseeing the case has authorized Toys “R” Us Canada to liquidate more of its remaining 22 stores if lease negotiations with landlords are unsuccessful .

Key Takeaways

• Toys “R” Us Canada gift cards are no longer valid after February 16, 2026.
• Redemption is limited to in-store purchases.
• The company is undergoing creditor protection proceedings and may close additional stores.