Is Paying with Coins Legal in Canada? Understanding the Currency Act

Discover the legalities of using coins for payments in Canada, including limits outlined in the Currency Act.

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No, it is not illegal to pay in coins in Canada, but there are limits. The Currency Act stipulates that merchants can refuse payments exceeding a certain amount in coins. For example, you cannot use more than $10 in nickels or $25 in loonies. Always check with the business beforehand to ensure smooth transactions. Credit, debit, or digital payments are often more convenient for larger sums.

FAQs & Answers

  1. What are the limits for paying with coins in Canada? In Canada, you can only pay up to $10 in nickels and $25 in loonies. Merchants have the right to refuse oversized coin payments.
  2. Can merchants refuse to accept coin payments? Yes, according to the Currency Act, merchants can refuse payments exceeding the specified limits in coins.
  3. What payment methods are accepted in Canada? In addition to coins, Canada widely accepts credit cards, debit cards, and digital payment methods for transactions.
  4. Is it more convenient to use cards or coins for payments? Generally, cards and digital payments are more convenient for larger sums, while coins can be used in small, specific amounts.

Watch More

For more insights into payment methods in Canada and what you can or cannot do with coins, check out our related videos on digital payment options and the history of Canadian currency.

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