Paralegals Canada  


Litigation Paralegals Professional Corporation


Coins


In Canada, the maximum quantity of coins that may be used as currency within any given transaction is governed by the federal Currency Act, R.S.C. 1985, c. C-52.

According to s.8(2), payment by coins is legal for no more than the following amounts for the following denominations of coins:

(a) forty dollars if the denomination is two dollars or greater but does not exceed ten dollars;

(b) twenty-five dollars if the denomination is one dollar;

(c) ten dollars if the denomination is ten cents or greater but less than one dollar;

(d) five dollars if the denomination is five cents; and

(e) twenty-five cents if the denomination is one cent.