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The costs and benefits of Canada's one-cent coin to Canadian taxpayers and the overall Canadian economy report of the Standing Senate Committee on National Finance. Cover Image E-book E-book

The costs and benefits of Canada's one-cent coin to Canadian taxpayers and the overall Canadian economy [electronic resource] : report of the Standing Senate Committee on National Finance.

Record details

  • Physical Description: 1 electronic text (iv, 35 p.) : ill., digital file.
  • Publisher: [Ottawa, Ont.] : Standing Senate Committee on National Finance, 2010

Content descriptions

General Note:
Cover title.
"December 2010"--Cover.
Issued as part of the desLibris documents collection.
Bibliography, etc. Note:
Includes bibliographic references.
Formatted Contents Note:
Members -- Foreword -- Order of reference -- Summary of recommendations --
Part 1. Introduction -- 1.1. Background -- 1.2. Governance of Canada's coinage system -- 1.3. Legal framework and definitions --
Part 2. Whither the one-cent coin? -- 2.1. Fiscal considerations -- 2.1.1. Impact on government expenditures -- 2.1.2. Impact on government revenues -- 2.2. Economic considerations -- 2.2.1. Return of money to circulation -- 2.2.2. Enhanced productivity -- 2.2.3. Estimating the total cost of the penny -- 2.2.4. No impact on inflation --
Part 3. Implementation -- 3.1. Price rounding -- 3.1.1. Legislated or voluntary system? -- 3.1.2. Legal/jurisdictional issues -- 3.1.3. A role for retailers -- 3.2. Methods of payment -- 3.3. Timeline and communication --
Part 4. Stakeholder perspectives -- 4.1. Consumers -- 4.2. Businesses -- 4.2.1. Businesses favour eliminating the penny -- 4.2.2. Managing the cost of system conversion -- 4.2.3. Reduced handling costs -- 4.3. Financial institutions -- 4.4. Charities -- 4.4.1. No impact on donation levels -- 4.4.2. Cost savings -- 4.4.3. Assisting the removal of pennies from circulation -- 4.5. Collectors -- 4.5.1. The Canadian coin collection market -- 4.5.2. Legal tender status and value to collectors --
Part 5. Conclusion -- Appendix A. Witnesses who appeared before the committee -- Appendix B. Written submissions received without the author's appearance.
System Details Note:
Mode of access: World Wide Web.
Subject: Money > Canada.
Finance > Canada.
Coinage > Canada.
Bank of canada
Banknote
Business
Coin
Currency
Economy
Financial transaction
Inflation
Legal tender
Money
Canada > Economic conditions.
Genre: Electronic books.

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