The Royal Canadian Mint ceased on February 4, 2013 to distribute the penny.
Rounding transaction amounts
The federal government asks merchants to round cash transaction amounts to the closest $0.05 multiple, after the addition of taxes (GST and QST). The Department of Finance Canada Web site provides details about this process.
Example
| Cost of an item after the addition of taxes | Amount that you must pay |
|---|---|
| $5,98 | $6 |
| $5,97 | $5,95 |
Pricing error?
According to the Price Accuracy Policy, rounding up to the closest $0.05 multiple is not considered a pricing error. You cannot ask for the compensation provided by this policy if, after the rounding-up process, the price displayed at the register does not correspond to the one displayed on the shelf.
However, the Price Accuracy Policy may apply if the total amount of a transaction exceeds the closest $0.05 multiple rounding threshold.
Card transactions
Merchants cannot round up transaction amounts when the payment is made by credit or debit card.
Last update : December 5, 2023
Was the information on this page useful to you?
The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.
Thank you! Your comment was submitted successfully.