BizSugar.com › News › Credit Cards Canada Urges the Goverment to Ditch the Penny

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."