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 : May 3, 2021
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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.
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