Province to Follow Federal Government Guidelines for Phasing Out Penny

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Public Advisory

In response to the phasing out of the penny as of February 4, 2013, the Provincial Government will follow guidelines for cash transactions as set out by the Federal Government.

The Provincial Government will follow these guidelines for cash transactions for government services, such as taxes charged on vehicles from private sales, some hunting license fees, some commercial electrical permits, and others. Electronic payments (credit card, debit card, direct deposits, etc.) will continue to use exact amounts.

If pennies are not available, Provincial Government offices will round up or down as follows:

Final amounts ending in .01 or .02 will be rounded down to .00

Final amounts ending in .03 or .04 will be rounded up to .05

Final amounts ending in .06 or .07 will be rounded down to .05

Final amounts ending in .08 or .09 will be rounded up to .10

 

 

 

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Recent comments

  • johnlim
    June 11, 2013 - 05:08

    Phasing out penny might be hard at first. The penny is perhaps the most debatable coin in circulation, as it costs more than one cent to make one and no person likes the things. A sports store is so fed up with them that the store owner has declared pennies prohibited from the premises. Article source: come discover usa at present within all of our web site.

  • gord
    February 01, 2013 - 21:33

    I think the baby boomers are feeling like the penny, too many of us still around, got the feeling we're not worth anything and seems like you'd like to phase us out!

    • Joe
      February 04, 2013 - 16:10

      You're right about that one, Gord. Maybe if you'd stop complaining about "kids these days" and stop refusing to aknowledge how much more difficult life really is for young people these days than it was for your generation, maybe then "kids these days" would respect you more. Baby boomers downplay any help they received from the government and from their society when it comes to their success. They act like they worked hard and earned everything themselves, and like "kids these days" are just looking for hand-outs and that today's youth just don't have the same work ethic, all of which is a pile of lies.