In an effort to stem the tide of the novel coronavirus, a host of stores and some government services have chosen to not accept cash, instead only allowing transactions to be made through debit or credit.
This has led some Canadians to ask the question, “is this legal?” A spokesperson for the Bank of Canada said that it is up to the seller to determine the method of payment. “No law requires anyone to accept bank notes or any other form of payment to settle a commercial transaction,” Josianne Ménard told Global News through email.
She said the fact that bills are often described as legal tender is irrelevant. “While the term ‘legal tender’ describes the money approved in a country for paying debts or settling commercial transactions, it