Currency Act (R.S.C., 1985, c. C-52)

Act current to 2013-05-20 and last amended on 2012-06-29. Previous Versions

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.

  • R.S., c. C-39, s. 12;
  • 1976-77, c. 38, s. 1.
Marginal note:Sums mentioned in Constitution and Acts

14. Any sum mentioned in dollars and cents in the Constitution Acts, 1867 to 1982 and in any Act of Parliament shall, unless it is otherwise expressed, be construed as being a sum in the currency of Canada.

  • R.S., c. C-39, s. 13.
Marginal note:Valuation of gold, etc.

15. Notwithstanding any other law, where any law of Canada or any treaty, convention, contract or agreement to which Canada is a party makes reference to

  • (a) a currency of a country other than Canada,

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

  • (c) gold, or

  • (d) a combination of any of the things mentioned in paragraphs (a) to (c),

the Governor in Council may make regulations specifying, or specifying the means or method of ascertaining, determining or calculating, the equivalent dollar value of that currency, unit of account, gold or combination thereof.

  • 1976-77, c. 38, s. 2.
Marginal note:Conversion of foreign currencies for purposes of customs laws

16. For the purposes of the administration, application and operation of the laws relating to the customs, the Governor in Council may make regulations specifying, or specifying the means or method of ascertaining, determining or calculating, the equivalent dollar value of currencies of countries other than Canada for a day or any other period or generally.

  • 1984, c. 25, s. 100.