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.
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Canada Kills Penny!
- Thread starter Dr.Acula
- Start date
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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.
Zombie James
Banned
http://www.cbc.ca/news/canada/manitoba/story/2012/05/03/mb-last-penny-mint.html
Canadian Penny
1858 - May 4, 2012
Canadian Penny
1858 - May 4, 2012
Why?
Apeopleman
Member
HungOverOnATues
Member
Good riddance. I don't remember the last time that I even paid for anything with pennies. I always end up leaving them for someone else to take. I don't want to fill my pocket up with small change.
For me personally, the penny is a perfect example of illogical waist. They cost 1.8 cents to make. They are a drain on the economy. It should be a no brainer.
Bumping this, as the penny will start seeing its first death throes:
http://www.mint.ca/store/mint/learn/phasing-out-the-penny-6900002
http://www.mint.ca/store/mint/learn/phasing-out-the-penny-6900002
All the info in the OP still applies.
Cereal KiIIer
Member
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.
No way that sandwish is that cheap.
I think you'll find is that the point is that they no longer do.
Shalashaska161
Member
Sounds good to me. Can't wait for them to kill the nickel too. Sick of carrying around those useless pieces of change everywhere.
Onion_Relish
Member
I pay by credit card for everything anyways so this doesn't affect me. I guess I've got to find a use for the leftover pennies I have though... I wonder hoe much change is in my piggybank right now. Last time I had a good amount of change I put it all in a plastic bag and let the guy at the eb games counter sort it out lol.
sweetvar26
Member
This is awesome.
Glad he got his account back.
Smoke's Poutinerie is cash-only :\
Dark Octave
Banned
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.
Shao Kahn Brewing a Stew
Banned
So glad pennies are going out. Need to deposit my stash somewhere. My drawers are full of them.
gutter_trash
Banned
sales taxes will fuck up everything,
shira
Member
dude the copper is worth more than the penny
Shao Kahn Brewing a Stew
Banned
They should recycle all the copper and make them copper wires. Profit!
AlphaTwo00
Member
Worst poutine. You shouldn't even be going there.
Just in case others are lazy and not reading the link:
Yeah that doesn't tell you anything. The fact that e-transactions are staying the same is what guarentees it.
WickedCobra03
Member
Jeff Gerstmann would launch your Canadian-arse into the sun.
Seriously though, I am still pro-penny. I already get stiffed change. Like say my bill comes to 5.22. So I give the person a ten-dollar bill, a quarter and two pennies. I should get $5.05 back, right? I have already had people give me a five-dollar bill back and then tell me, "dont worry about it", or just give me the 5 dollar bill and give me a blank stare as to why I am still standing there... What the hell?
Seriously though, I am still pro-penny. I already get stiffed change. Like say my bill comes to 5.22. So I give the person a ten-dollar bill, a quarter and two pennies. I should get $5.05 back, right? I have already had people give me a five-dollar bill back and then tell me, "dont worry about it", or just give me the 5 dollar bill and give me a blank stare as to why I am still standing there... What the hell?
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.
For places where you don't care about returns you usually care more about fraud. Gas pumps, and restaurant readers are prime targets for skimmers. I've already had my debit copied and drained once. I'd rather not go through that again. Plus paying with a card when I go out to eat with a bunch of friends is a pain to sort out the bill. I much prefer just throwing my cash on the table and being able to walk away.
SniperHunter
Banned
this should make working at Tim Hortons easier, especially when the lines get big in the mornings. Counting cash, plus seeing the horde of customers used to make me so nervous...
all their prices are so messed up
all their prices are so messed up
Zoe
Member
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.
You fuckin' serious, brah? It's not the best but it's far from the worst.
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.
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.
WickedCobra03
Member
This... I feel like this is all going to go in the companies favor.
Sadly there's only a few good poutine places in Kitchenerloo
There is almost no copper in a penny they are copper plated nickel and steel.
killer rin
Member
Good riddance. Now we wait for the Royal Canadian Mint to release there MintChip and goodbye physical currency!
It is the only poutinerie in Winnipeg. I got so excited - then I ate there
My wife is from Quebec, so we just make it at home, but it would be nice to go out once in a while
You mean debit cards?
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.
Currently mostly everything already ends in .99, so they immediately make 1 C profit from doing nothing.
HoodWinked
Member
i want there to be a master RNG machine where the rounding is random it will be like a game everytime you purchase something
John Dunbar
correct about everything
I live in a country that uses the euro and wish they'd get rid of the 5 cent coins. fucking garbage. 10 cents are pretty worthless as well.
I don't understand this train of thoughts.
People will still buy multiple items at stores like they always did and the final amount with taxes will still be a 'random' number that will be rounded-up 50% of the time, and rounded-down 50% of the time.
The only way stores can take advantage of this is if their business model makes it so that people only purchase one item/thing at a time. Even then, it can't be something that's the same price nationally as the taxation amount is different in most provinces.
Pretty much what I thought of when I read this.
Diprosalic
Banned
good for you canada. join the 0.05 master race.
The Elite
BOSS
The government has no idea what sandwiches cost. This is what is wrong with the economy.
If you're worried about scammers there is the store scamming you themself. If I have my proof of purchase (The receipt) and am coming back within a reasonable amount of time after making the purchase there is absolutely no real reason for them to refuse a return other than trying to screw people over. When the product is still within perfect packaging there is nothing preventing the store from putting the item back on the shelf and selling it once again to someone else. At first stores started to use the excuse that it had to be the 'same sort of card' so that their books would balance. Now it's clear that's a load of bullcrap as they've slowly been trying to prevent people from returning items altogether. At least hardware stores tend to be reasonable about returns still. I've simply started to avoid some of the worst offenders that I've run into.
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