Archived - Important Notice - General

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

The Government of Canada is phasing out the penny

Starting February 4, 2013, pennies will no longer be distributed to businesses or financial institutions.

For cash payments and change owed, retailers will decide how to adjust the final cash amount, which may include rounding.

Here’s an example of how the rounding works:

Rounding

Rounding - Text Version

Electronic transactions such as debit and credit cards don’t need to be rounded, and will not be impacted.

For Further Information:

Visit Canada's Economic Action Plan - Phasing out the Penny

or call 1 800 O-Canada.