If you’re a collector of odd denominations of bills, we’ve got some bad news for you. Come 2021, $1, $2, $25, $500, and $1000 Canadian bills will lose their legal tender status. The good news is, you can spend them before then and they’ll still work!
As of January 1st, 2021, these rarely-used bills will no longer hold their purchase value. But, if you happen to have a $500 bill or even a $25 bill you may actually find collectors willing to buy them for thousands of dollars a piece.
This map shows you all of the craziest Christmas light displays in Calgary
NO FRILLS has you covered this holiday season to get you the best deals around
As of January 1, 2021, you may not be able to use some older bank notes in transactions. Learn which ones here:https://t.co/VxUaMoQoO9
— Bank of Canada (@bankofcanada) November 23, 2020
Now, if you’re not spending these bills, you can also take them to your local financial institution or send them to the Bank of Canada to redeem their value. That’s probably the smart move with the $1 and $2 bills, but we’d recommend seeing what those rarer ones fetch on the online market.
Obviously, most of us don’t have many, if any, of these old Canadian bills kicking around. But maybe ask your grandparents or that weird great uncle of yours, you might get lucky!
For more information on these Canadian bills losing their legal tender status, or to see where you should send your cash, just click here.
Read more in Lifestyle
10 stunning hikes that you can do near Calgary this spring
Mr. Worldwide: Pitbull is set to kick off the 2023 Calgary Stampede & here's when you can get tickets
Happy first day of Spring! Here's what's in the forecast for Calgary this week
Pedro Pascal as Calgary Stampede's parade marshal? There's a petition for it & it has over 5k signatures
Curiocity In Your Inbox!
Want more? Subscribe to our newsletter for exclusive deals, stories, info & more!Subscribe Now