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Home > About Profitek > News> IMPORTANT NEWS ABOUT THE PENNY as of Feb 4..
NEWS & EVENTS

Feb 01, 2013

 

Pennies will no longer be circulated by the Canadian Government as of Feb 4th, 2013. However, pennies can still be taken and given for transactions indefinitely until what is currently in circulation is used up.   

For now, if merchants run out of pennies, rounding will need to be done manually on cash tenders.  For customers on maintenance, Profitek is working on a modification to do rounding for the change screen on cash tenders. Check back later for progress updates.

Please see the following links for more detailed information.

http://www.retailcouncil.org/advocacy/national/penny.asp

http://www.fin.gc.ca/1cent/index-eng.asp

 

 

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