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.
Recent Posts:
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
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.
Beaver Fest is coming to Calgary's North Glenmore Park for an afternoon celebrating beavers, healthy…
Sand dunes aren't the first thing that comes to mind when people think of B.C.…
With two trail loops to explore this year!
Jasper is turning its attention to the stars this October with 10 days of events…
Another bundle of joy! The Toronto Zoo has a new, adorable addition to its wombat…
The perfect meal on a cold day.