http://www.bloomberg.com/news/2012-0...f-to-make.html

This was a long time coming imo. I wonder if the US will follow suit? I'm kind of surprised we did it first, actually.

Key points:

- starting fall of this year, production and distribution of pennies will cease
- total amount (post-tax) of any purchase will be rounded up or down to the nearest nickel
- You can still use your pennies, but you'll just need to use five at a time

Also, I stole this from Jeff Chan (who stole it from someone else).

Aww. I guess I'll save all my pennies then -hoards-

Originally Posted by Entropy

Also, I stole this from Jeff Chan (who stole it from someone else).

Technically, I didn't steal it off her. She wrote about it in her status and I googled it to verify. >_>

But yes, this is lovely news!

i only use debit and bills, and dump change in tip jars cuz im lazy, what r pennies?

Originally Posted by RyanC

i only use debit and bills, and dump change in tip jars cuz im lazy, what r pennies?

Pennies make great ammunition.

wtf so if my change is 4.01 do i get 4.05 ;o

Originally Posted by Leeoku

wtf so if my change is 4.01 do i get 4.05 ;o

No, you get 4.00. It's rounded to the nearest nickel, not always up or always down. Also, it only applies for cash transactions in the event you don't have pennies. If you're paying debit/credit, you get charged to the nearest cent. If you have pennies, you're allowed to use them (they won't become non-legal tender). They're just not making any more in the fall, and that's also when the whole rounding to the nearest nickel thing will start happening. They are, however, encouraging people to donate their pennies to charity. I have no idea if banks will be accepting pennies after this takes effect.

Originally Posted by Leeoku

wtf so if my change is 4.01 do i get 4.05 ;o

I'm pretty sure the prices will be changed so there would be no pennies needed, which means that your change would obviously be multiple of 5....

This makes a lot of sense.

I will keep a penny from 2012 and in 20,000 years, it will be worth 2 pennies

Originally Posted by Misspolitics

I will keep a penny from 2012 and in 20,000 years, it will be worth 2 pennies

through mytosis? i dont understand

Although this is nice, I can't wait until they incorporate tax into listed price for items on the shelves...

So when you see a game for $60, you can safely take out three $20 and pay for it.

I've read up on the reasons why Canada and US use the subtotal system (different states/provinces having different tax % but still want to do country-wide advertising), but c'mon!

Originally Posted by ikantsepll

Although this is nice, I can't wait until they incorporate tax into listed price for items on the shelves...

So when you see a game for $60, you can safely take out three $20 and pay for it.

I've read up on the reasons why Canada and US use the subtotal system (different states/provinces having different tax % but still want to do country-wide advertising), but c'mon!

also aboriginals are exempt... so listing tax-included prices might cause a problem there as well

... And in the same budget, Canada abolishes the environment in favour of more money... We're real winners here in the north.

Originally Posted by Snowman

through mytosis? i dont understand

No, but that's funny. I was thinking of something like "Antiques Roadshow" or something like that. Just because of "Canada's last Year producing pennies" or something like that. Nothing too scientific.