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. |
Search for related items by subject
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. |