The Government of Canada is discontinuing production of the penny as of February 4th, 2013.  The cent will remain Canada's smallest unit for pricing goods and services.  The penny will retain its value indefinitely and can continue to be used when making payments at retailers that accept them.  For cash transactions, the Government of Canada is adopting a rounding guideline that has been used successfully by other countries - rounding, either up or down, to the nearest five-cent increment.  

Cash back transactions will be rounded to the nearest nickel.  We will continue to accept loose pennies and ffty cent rolls for cash deposit, calculated to the cent.  Credit card, debit card and cheque transactions will use one cent increments.