A $1,000 bill (Image courtesy of Dreamstime)
Some Canadian bank notes to lose legal tender status in 2021
Dec 31, 2020 | 9:31 AM
OTTAWA, ON – Canadians wishing to spend the old one, two, 25, 500 or one-thousand dollar bills they’ve been holding on to are running out of time.
As of midnight tonight, some bank notes made between 1935 and 1986 will lose the federal government’s legal tender status, which means they will not be redeemable at stores.
However, they can still be redeemed or deposited for face value at a bank or by the central bank.
The decision to retire the old notes was made back in November.
