Bill Detail
An Act to establish a framework for the continued access to and use of cash in Canada and to make related amendments to other Acts
This enactment provides for the development and implementation of a framework to ensure that cash continues to be available throughout Canada.
It also amends the Currency Act and the Bank of Canada Act to remove the Governor in Council’s power to call in coins and notes. Finally, it amends the Bank of Canada Act to prohibit the Bank of Canada from issuing a digital form of the dollar.
Bill C-276 aims to guarantee that Canadians can continue to use and access cash across the country. It proposes a framework to ensure people can easily withdraw and deposit cash, and that businesses and individuals can keep using it, even with the rise of digital payments. The bill also specifically addresses support for non-profit fundraising with cash and recognizes the privacy benefits of using physical currency.