Frequently Asked Questions

Elimination of the Canadian Penny
Last Updated 2 years ago

The Royal Canadian Mint stopped distributing the penny on February 4, 2013. Pennies in circulation will keep their value and can still be used for cash payments but will be phased out. You will soon see retailers rounding cash transactions to the nearest $0.05, based on their publicly available policy.

As Nexus' clients pay by cheque or other electronic means, you won't be affected, and your payments will still be settled to the cent.

For more information, please visit the Royal Canadian Mint website, or your bank.

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