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ClosingADoor
Member
(03-29-2012, 09:53 PM)
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Originally Posted by Pagusas

Companies are guaranteed to price things so the amount always rounds up for single item purchases.

Not when you buy a couple of things. Doing groceries, you have just as much chance getting 19.96 as 19.99. And it is only rounded if you pay cash.
Onemic
Member
(03-29-2012, 09:54 PM)
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Good. Pennies are worthless.
ghostmind
Slightly Aroused
(03-29-2012, 09:54 PM)
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Late to the bad joke.


Looking forward to when Americans go shopping in Canada, only to be denied their pennies in change.
Last edited by ghostmind; 03-29-2012 at 09:56 PM.
Neki
Member
(03-29-2012, 09:55 PM)
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Originally Posted by Pagusas

Companies are guaranteed to price things so the amount always rounds up for single item purchases.

Won't someone please think of the pennies!
Bulbo Urethral Baggins
Benedict Arnold's 5th Cousin
(03-29-2012, 09:55 PM)
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Originally Posted by Snuggler

Nice. I hate pennies, I always toss 'em in the trash. Especially Canadian pennies, I live in Northwestern Michigan so they somehow find their way into my pocket. US needs to do the same.

Can you still use canadian change in Michigan? I always hated getting Canadian coins. Never felt right.
TDLink
Member
(03-29-2012, 09:55 PM)
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Yeah, everything priced at X.99 or X.96 cents will almost certainly just become X.95 cents. The whole purpose of making it near whole dollar but not quite is to make it seem cheaper and it definitely works psychologically. So in general we probably -will- be saving some cents on these types of purchases.
samus i am
Member
(03-29-2012, 09:57 PM)
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America should too but it will never happen. Also, no more paper dollars.
Markster
Member
(03-29-2012, 09:57 PM)
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Originally Posted by Crazymoogle

Because of the "$9.99 looks like a dollar cheaper than $10.00" mental model, I think it's more likely that companies will charge .95 instead of rounding up to a flat dollar...

Nothing will stop retailers from continuing to sell goods at the .99 price point. Tax will still apply on a per-cent basis, and the final number will be rounded to the nearest 5.

Also:

Now to start the "Kill the nickel" and "Kill the dime" campaigns.
Firestorm
Member
(03-29-2012, 09:58 PM)
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But how will I leave a penny and take a penny?
Oh right, I won't have to.

This is a good move. I support this move.
Acerac
Member
(03-29-2012, 10:02 PM)
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I have fought against pennies for years and finally we are one step closer to eradicating the horrible pests!

Words can not describe how pumped I am.

Originally Posted by Llyranor

All businesses will readjust their prices so that it always gets rounded up, maybe.

Aww... they totally will, won't they?
Last edited by Acerac; 03-29-2012 at 10:05 PM.
les papillons sexuels
Banned
(03-29-2012, 10:02 PM)

Originally Posted by Pagusas

Companies are guaranteed to price things so the amount always rounds up for single item purchases.

GST already does that.
EYEL1NER
Member
(03-29-2012, 10:02 PM)
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They could move to a system used by some small middle-eastern or eastern european markets and just give sticks of gum in place of small change.
"3.97 please. Oh, you're paying with a fiver? Well here's your change. That's 1 dollar and 3 sticks of Juicy Fruit. Have a nice day!"
linko9
Member
(03-29-2012, 10:03 PM)
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Whitta will be happy.
Max Armstrong
Member
(03-29-2012, 10:05 PM)
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Great great news! I hate change, so one less coin in my pocket is for the best.
Crazymoogle
Member
(03-29-2012, 10:05 PM)
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Originally Posted by Markster

Nothing will stop retailers from continuing to sell goods at the .99 price point. Tax will still apply on a per-cent basis, and the final number will be rounded to the nearest 5.

That's a fair point, but the question becomes: does the business or the CRA take the extra if you round the final number? I presume the CRA but that should be interesting to see pan out.

Now to start the "Kill the nickel" and "Kill the dime" campaigns.

Still on board.
kittens
Member
(03-29-2012, 10:07 PM)
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Why are people so excited about this? Sounds like some weirdo futurist masturbating to me. Getting rid of coins doesn't suddenly make the world better.

Also, what happens when you buy produce and are supposed to get 4 cents back in change? Just... Oh well?
Kurdel
Member
(03-29-2012, 10:07 PM)
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Billions and billions of worthlesss coins.

I hope there will be some sort of recycling program for the coins...
Mr. Tone
Member
(03-29-2012, 10:08 PM)
I'm too young to remember actually using the 1c and 2c coins here in Australia. The concept just seems so wasteful and unnecessary to me. Sounds like a good move for Canada.
Acerac
Member
(03-29-2012, 10:09 PM)
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Originally Posted by kittens

Why are people so excited about this? Sounds like some weirdo futurist masturbating to me. Getting rid of coins doesn't suddenly make the world better.

Also, what happens when you buy produce and are supposed to get 4 cents back in change? Just... Oh well?

You pay 1 cent less in that case. Read the OP.
Neki
Member
(03-29-2012, 10:10 PM)
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Originally Posted by kittens

Why are people so excited about this? Sounds like some weirdo futurist masturbating to me. Getting rid of coins doesn't suddenly make the world better.

Also, what happens when you buy produce and are supposed to get 4 cents back in change? Just... Oh well?

So everything we do has to make the world a better place?

gotcha.
Escape Goat
Banned
(03-29-2012, 10:12 PM)
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This idea doesn't make any cents to me.
Crazymoogle
Member
(03-29-2012, 10:12 PM)
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Originally Posted by Kurdel

I hope there will be some sort of recycling program for the coins...

The Mint is taking back coins through the banks, after which it sounds like they have smelting plans in mind.
Tesseract
Member
(03-29-2012, 10:12 PM)
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but how will i pay for my calzones?
TemplaerDude
(03-29-2012, 10:12 PM)
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Originally Posted by kittens

Why are people so excited about this? Sounds like some weirdo futurist masturbating to me. Getting rid of coins doesn't suddenly make the world better.

Also, what happens when you buy produce and are supposed to get 4 cents back in change? Just... Oh well?

Read. The. OP.
Clydefrog
Member
(03-29-2012, 10:13 PM)
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Originally Posted by Full Recovery

This will never happen in the US, Obama is all about change.

ba-dum-tshh
Zoe
(03-29-2012, 10:15 PM)
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Originally Posted by scogoth

Or just have sales tax included in the price so everything ends off even.....

Does Canada not have to deal with differences in regional sales tax?
Crazymoogle
Member
(03-29-2012, 10:19 PM)
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Originally Posted by Zoe

Does Canada not have to deal with differences in regional sales tax?

All sales taxes are fed+provincial, sometimes combined into a unified rate. It's consistent within the province (no "city sales tax" type stuff AFAIK) but each province is its own kingdom in terms of total tax rate.
Grinchy
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(03-29-2012, 10:19 PM)
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Originally Posted by Full Recovery

This will never happen in the US, Obama is all about change.

hahahahaha i laughed way too hard at this
ReturnOfTheRAT
Member
(03-29-2012, 10:21 PM)
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I love Penny.
mavs
Member
(03-29-2012, 10:21 PM)
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It will remain in circulation in the US. Nobody gives a shit whether a penny is Canadian or American.
gabbo
Member
(03-29-2012, 10:24 PM)
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Originally Posted by kittens

Why are people so excited about this? Sounds like some weirdo futurist masturbating to me. Getting rid of coins doesn't suddenly make the world better.

Also, what happens when you buy produce and are supposed to get 4 cents back in change? Just... Oh well?

Hopefully the scheme to round off prices to the nearest five cents after tax will stop this from being a major problem.

Though governments have been saying they'll do this for years, so I'll wait and see if they actually move forward without outside of a budget speech.
ronniehehehaha
Junior Member
(03-29-2012, 10:26 PM)
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Originally Posted by Pagusas

Companies are guaranteed to price things so the amount always rounds up for single item purchases.

So are they only rounding for cash, or credit/debit too?
bigboss370
Junior Member
(03-29-2012, 10:27 PM)
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any chance of pennies becoming collector's items that i can sell for riches years later? o_O

Originally Posted by ThisWreckage

Didn't they do away with their version of the dollar bill too? And use a dollar coin instead?

how do you tip strippers in Canada?


Originally Posted by ronniehehehaha

So are they only rounding for cash, or credit/debit too?


only cash.
Jasoneyu
Member
(03-29-2012, 10:28 PM)
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Whoosh can't wait for this change and our new plastic bills. Question though, why does it seem like the American Bills never seem to change where as other countries seem to refresh ever so often?
2San
Member
(03-29-2012, 10:29 PM)
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Originally Posted by ronniehehehaha

So are they only rounding for cash, or credit/debit too?

Honestly your answer is right there in the OP.
polyh3dron
couldn't find a lab with German shepherds
(03-29-2012, 10:29 PM)
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RIP
Paradoxal_Utopia
Banned
(03-29-2012, 10:33 PM)
This is pretty much the most fucking amazing thing ever. About time. Fucking pennies.
Kurashima
Member
(03-29-2012, 10:34 PM)
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Originally Posted by Pagusas

Companies are guaranteed to price things so the amount always rounds up for single item purchases.

I doubt this will be a problem. From a business' POV, I would think that it should only affect things that aren't taxed, like basic food. Rounding would happen mostly after taxes, so I assume either businesses would keep track of rounding differences and take that into account when it comes time to remit their taxes, or simply ignore it and remit based on the non-rounded amount. Base prices should probably stay the same (that is, mostly ending with $.99 so that the amount the company themselves keeps is as high as possible while still retaining that psychological low price factor).
ronniehehehaha
Junior Member
(03-29-2012, 10:34 PM)
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Originally Posted by 2San

Honestly your answer is right there in the OP.

Cool, so the point being is it does not matter if companies try to adjust prices to round up. Round up, pay debit/credit. Round down, pay cash.
MrCunningham
Member
(03-29-2012, 10:35 PM)
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Originally Posted by ThisWreckage

Didn't they do away with their version of the dollar bill too? And use a dollar coin instead?

We also have 2 dollar coins as well, and last year we started replacing paper money with plastic. The Canadian 100 dollar bill is now plastic, and 50 dollar plastic bills are scheduled for this month... or maybe they're already in circulation? I dunno, I haven't seen any yet.

As for pennies... I still have tin containers full of these fuckers. I won't miss them at all.
firehawk12
Subete no aware
(03-29-2012, 10:35 PM)
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NOOOOOOOOOOO. I like pennies.

Now the fuckers will rip off customers by rounding up every time. :(
Wiseblade
Member
(03-29-2012, 10:42 PM)
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Super dumb. If companies round up then I'm losing money, if they round down then the cycle starts all over again.
whitehawk
leeches are the best bait when attempting to land bass
(03-29-2012, 10:47 PM)
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Yess! No more pennies for me! I don't care if I lose 1-4 cents on a transaction.

As far as I am aware, it costs more than 1cent to manufacture a penny, which doesn't make sense. And since people are constantly losing them (since they are just a penny) they have to keep making more and more.

Next step is including the tax in prices displayed. New Zealand already has this AND no penny. We could learn from them.
Leshita
Member
(03-29-2012, 10:48 PM)
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Sweet, less change to carry. :)
Bay Maximus
Member
(03-29-2012, 10:50 PM)
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Would be great if the U.S. would do this. America is generally scared to get with the times though so I doubt it will be anytime soon.

Edit: Also with the way plastic is being used these days, critics would have even less firepower than they did prior.
RC
Member
(03-29-2012, 10:58 PM)
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First plastic money, now we're becoming penniless. This country's turning into Australia.
Ignatz Mouse
Vote with your $$$
(03-29-2012, 10:59 PM)
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Originally Posted by Wiseblade

Super dumb. If companies round up then I'm losing money, if they round down then the cycle starts all over again.

When the US Half-cent was phased out of circulation, it was worth about a dime.

This is a non-issue.
alr1ght
bish gets all the credit :)
(03-29-2012, 11:00 PM)
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I hate pennies. I need to plan a trip to the coinstar machine.
MrCunningham
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(03-29-2012, 11:01 PM)
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Originally Posted by Desibabu

First plastic money, now we're becoming penniless. This country's turning into Australia.

Now, if only banks can issue Visa-debit.... :P
Stumpokapow
AFK, please contact someone else for help
(03-29-2012, 11:07 PM)
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What kind of a Canadian still uses non-electronic currency? Tim's started allowing debit a while ago.

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