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
Bill C-400 (44-1) was a Conservative Private Member's Bill from Ted Falk to keep physical cash available across Canada as payments move online. It would require the federal government to develop and put in place a framework ensuring cash stays available, amend the Currency Act and the Bank of Canada Act to remove the Governor in Council's power to call in coins and notes, and amend the Bank of Canada Act to bar the Bank from issuing a digital version of the Canadian dollar. Supporters say cash protects privacy and serves people without bank accounts or reliable internet. It was reintroduced in the 45th Parliament as Bill C-276.
Status
Quick learn
Would require a federal framework to keep cash available as payments go digital, remove the power to pull coins and notes from circulation, and bar the Bank of Canada from issuing a digital dollar. A Conservative private member's bill from Ted Falk; it returns in the 45th Parliament as C-276.
Issues this bill touches
- Cost of Living
Requires banks and federally regulated businesses to keep accepting and dispensing cash.
Legislative history
- First reading
First reading in the House of Commons.
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Official source
Read full text on Parliament of Canada