Credit Cards Canada Urges the Goverment to Ditch the Penny

Posted by amabaie under News
From http://www.creditcardscanada.ca 5027 days ago
Made Hot by: clickfire on February 18, 2011 8:24 pm

Yesterday we delivered a brief to the Canadian Minister of Finance, Jim Flaherty, expressing our opinion that the penny ought to be abolished here in Canada. From the brief: "It is a burden on small businesses to have to handle pennies. They take up space, are time consuming to sort and count, and add to the complexity of transactions and accounting. Small businesses forced to handle pennies, spend time and money to deal with these near-worthless coins, detracting from more productive activities, including business development and customer service."

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Comments

Written by businessavante
5027 days ago

I agree & think the US should follow suit, but I think if my Dad was still with us, he'd always be wondering if he paid a penny too much!

businessavante (Duncan)

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Written by amabaie
5026 days ago

There is actually a move to remove the nickel, but I suspect it's not strong enough. On one forum I was reading about getting rid of the dime. Really, I don't carry any change around with me. The nickel is a no-brainer, IMHO, and I'd be just as happy without dimes, too.

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