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faq:pennyround

Canadian Penny

The Canadian Mint decided to cancel production of the Penny with each one cent coin costing 1.6 cents to make in 2012. This decision estimates to save the taxpayer 11 million a year.

February 4th, 2013 marks the first transition date where retailers can phase out acceptance of the penny. Not only will this speed up point of sale but it will lighten the coin purse of Canadians.

How to configure penny rounding in Windward System Five

Other uses

You can also round to other coin amounts such as the nearest quarter which can make making change at special events faster for retail traffic.
faq/pennyround.txt · Last modified: 2013/02/05 08:23 by kevin