Currency Act (R.S.C., 1985, c. C-52)

Marginal note:Calling in of coins

• 9. (1) The Governor in Council may, by proclamation, call in coins of any date and denomination.

• Marginal note:Redemption of coins

  (2) The Governor in Council may make regulations for the redemption by the Minister of coins that are or that have at any time been current in Canada.

• Marginal note:Redemption of coins

  (3) Payments for the redemption of coins of the currency of Canada shall be made out of the Consolidated Revenue Fund on the authorization of the Minister.

Marginal note:Amounts received from issue of coins

9.1 All amounts received from the issue of coins of the currency of Canada must be paid into the Consolidated Revenue Fund.

Marginal note:Defacement of counterfeit coins

10. Every officer employed in the collection of the revenue in Canada shall cause to be cut, broken or defaced every counterfeit coin that is paid to the officer in payment of an amount payable to Her Majesty, and shall forthwith forward the counterfeit coin to the Minister.

Marginal note:Melting down coins

• 11. (1) No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada.

• Marginal note:Offence and punishment

  (2) Every person who contravenes subsection (1) or any condition attached to a licence referred to in that subsection is liable on summary conviction to a fine not exceeding two hundred and fifty dollars or to imprisonment for a term not exceeding twelve months or to both, and, in addition to any fine or imprisonment imposed, the court may order that the articles by means of or in relation to which the offence was committed be forfeited to Her Majesty.

Marginal note:Public accounts and statements

12. All public accounts established or maintained in Canada shall be in the currency of Canada, and any reference to money or monetary value in any indictment or other legal proceedings shall be stated in the currency of Canada.

Marginal note:Contracts, etc.

• 13. (1) Every contract, sale, payment, bill, note, instrument and security for money and every transaction, dealing, matter and thing relating to money or involving the payment of or the liability to pay money shall be made, executed, entered into, done or carried out in the currency of Canada, unless it is made, executed, entered into, done or carried out in

  • (a) the currency of a country other than Canada; or

  • (b) a unit of account that is defined in terms of the currencies of two or more countries.

• Marginal note:Previous contracts, etc.

  (2) Notwithstanding subsection (1), every contract, sale, payment, bill, note, instrument and security for money and every transaction, dealing, matter and thing relating to money or involving the liability to pay money that was made, executed or entered into, done or carried out before October 15, 1952 shall, in so far as anything remained or remains to be or may be executed, done or carried out thereunder on or after that date, be construed and operate without reference to this Act.