That is my point. You get a handful of coins jangling around in your pocket and it is annoying.
Your minor annoyance is totally worth the millions of tax dollars wasted since dollar bills have a shelf life under a year.
It really isn't a big deal.
That is my point. You get a handful of coins jangling around in your pocket and it is annoying.
The Royal Canadian Mint will make Canada's last penny tomorrow at its Winnipeg plant.
The ceremonial last strike of the penny starts at 11 a.m. CT on Friday at the Mint's coin production facility on Lagimodiere Boulevard in Winnipeg.
I'm already collecting them.
Awesome, makes cents. It's about freaking time.
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?
All the info in the OP still applies.Important Dates
To help consumers, businesses, charities and financial institutions to plan, a transition date of February 4, 2013 has been set after which the Royal Canadian Mint will no longer distribute pennies.
On this date, businesses will be encouraged to begin rounding cash transactions.
Bumping this, as the penny will start seeing its first death throes:
http://www.mint.ca/store/mint/learn/phasing-out-the-penny-6900002
All the info in the OP still applies.
Awesome, makes cents.
What kind of a Canadian still uses non-electronic currency? Tim's started allowing debit a while ago.
At a glance it looks like he's handing over a piece of newspaper clipping that has a coffee stain on itBumping this, as the penny will start seeing its first death throes:
http://www.mint.ca/store/mint/learn/phasing-out-the-penny-6900002
All the info in the OP still applies.
So glad pennies are going out. Need to deposit my stash somewhere. My drawers are full of them.
dude the copper is worth more than the penny
Just in case others are lazy and not reading the link:Is there anything that prevents businesses from always rounding up?
If not, then the rounding down example doesn't even need to be shown.
Edit: nvm, I see how they're doing it.
Smoke's Poutinerie is cash-only :\
Just in case others are lazy and not reading the link:
What kind of a Canadian still uses non-electronic currency? Tim's started allowing debit a while ago.
As time goes on I find myself using cash more and more. With the recent trend of stores trying to only allow returns on the exact card the purchase was made on it only makes sense to buy using cash because they're going to be huge pricks when you go to take something back that your wife bought, or that you got as a gift, or that was purchased on a card you no longer have. I don't even know if that practice is legal, but people put up with it so it's becoming more common. Usually you can eventually force the point to get money back from them but it may take a while.
Worst poutine. You shouldn't even be going there.
This... I feel like this is all going to go in the companies favor.I doubt major business would round down. These companies are so cheap they are either gonna set the prices so they can always round up or change the prices so everything rounds evenly in .00, .10, .20 etc...
That's how movie tickets are priced. Even though the movie ticket price is sort of an odd number ($11.876) , with tax (.05%) it become more even ($12.50) and no pennies are necessary.
Worst poutine. You shouldn't even be going there.
There is almost no copper in a penny they are copper plated nickel and steel.They should recycle all the copper and make them copper wires. Profit!
Sadly there's only a few good poutine places in Kitchenerloo
You mean debit cards?Good riddance. Now we wait for the Royal Canadian Mint to release there MintChip and goodbye physical currency!
Now watch everything in every store start costing something that ends in a .*3,.*4, .*8, .*9 so that they can round up and make some extra few pennies on everything. Doesnt really matter to debit/credit as you are playing exact pricing.
Currently mostly everything already ends in .99, so they immediately make 1 C profit from doing nothing.
Now watch everything in every store start costing something that ends in a .*3,.*4, .*8, .*9 so that they can round up and make some extra few pennies on everything. Doesnt really matter to debit/credit as you are playing exact pricing.
Currently mostly everything already ends in .99, so they immediately make 1 C profit from doing nothing.
Good riddance. Now we wait for the Royal Canadian Mint to release there MintChip and goodbye physical currency!
No way that sandwish is that cheap.
Why would that be illegal? It's standard procedure to prevent scammers.
Reasonable stores would allow you an exchange or store credit if it's a gift, but there's nothing in the law books that should force them to do so.