Editing Canadian dollar (section)

==Banknotes==
{{Main|Banknotes of the Canadian dollar}}
[[File:96 1 b.JPG|thumb|An 1892 five-dollar note issued by the [[Bank of Hamilton]]. Early Canadian dollar notes were [[Canadian chartered bank notes|issued by Canadian charter banks]].]]
The first paper money issued in Canada denominated in dollars were British Army bills, issued between 1813 and 1815. Canadian dollar banknotes were later issued by the [[Banking in Canada|chartered banks]] starting in the 1830s, by several pre-[[Canadian Confederation|Confederation]] colonial governments (most notably the Province of Canada in 1866), and after confederation, by the Canadian government starting in 1870. Some municipalities also issued notes, most notably ''depression [[scrip]]'' during the 1930s.<ref>{{Cite book |last=Khakase |first=Sandeip |url=https://books.google.com/books?id=lWjvDwAAQBAJ&dq=The+first+paper+money+issued+in+Canada+denominated+in+dollars+were+British+Army+bills&pg=PA98 |title=Demonetisation: Monumental Blunder or Masterstroke |date=2017 |publisher=People's Literature |isbn=978-81-932525-5-0 |language=en}}</ref>

On July 3, 1934,<ref>{{cite book |last=Linzmayer |first=Owen |title=The Banknote Book |chapter=Canada |location=San Francisco, CA |publisher = CDN Publishing |url=https://www.greysheet.com/publications/the-banknote-book-world-paper-money |access-date=December 19, 2023 |archive-date=August 29, 2012 |archive-url=https://web.archive.org/web/20120829063428/http://www.banknotebook.com/ |url-status=live }}</ref>{{Failed verification|date=May 2022}} with only 10 chartered banks still issuing notes, the [[Bank of Canada]] was founded. This new government agency became the sole issuer of all federal notes. In 1935, it issued its first series of notes in denominations of $1, $2, $5, $10, $20, $25, $50, $100, $500 and $1000. The $25 note was a commemorative issue, released to mark the Silver Jubilee of King [[George V]].<ref>{{Cite web |title=1935: The First Series |url=https://www.bankofcanadamuseum.ca/complete-bank-note-series/1935-first-series/ |access-date=May 26, 2022 |website=www.bankofcanadamuseum.ca |language=en-US}}</ref> In 1944, the chartered banks were prohibited from issuing their own currency, with the [[Royal Bank of Canada]] and the Bank of Montreal among the last to issue notes.
[[File:Ottawa - ON - Bank of Canada.jpg|thumb|The [[Bank of Canada Building|Bank of Canada headquarters]]. The Bank of Canada is the sole issuer of federal notes.]]
Significant design changes to the notes have occurred since 1935, with new series introduced in 1937, 1954, 1970, 1986, and 2001. In June 2011, newly designed notes printed on a [[Polymer banknote|polymer]] substrate, as opposed to cotton fibre, were announced; the first of these polymer notes, the $100 bill, began circulation on November 14, 2011, the $50 bill began circulation on March 26, 2012, the $20 denomination began circulation on November 7, 2012, and the $5 and $10 denominations began circulation on November 12, 2013.

Since 1935, all banknotes are printed by the Ottawa-based [[Canadian Bank Note Company]] under contract to the Bank of Canada. Previously, a second company, BA International (founded in 1866 as the British American Bank Note Company), shared printing duties. In 2011, BA International announced it would close its banknote printing business and cease printing banknotes at the end of 2012;<ref>{{cite web |url=http://www.printaction.com/News/2011121-g-d-banknote.html |title=G&D to Shutter Banknote Printing in Ottawa |publisher=PrintAction |date=December 2, 2011 |access-date=January 28, 2013 |archive-url=https://web.archive.org/web/20131220032852/http://www.printaction.com/News/2011121-g-d-banknote.html |archive-date=December 20, 2013 |url-status=dead }}</ref> since then, the Canadian Bank Note Company has been the sole printer of Canadian banknotes.

All banknotes from series prior to the established polymer series are considered unfit for circulation due to their lacking of any modern security features, such as a metallic stripe.<ref name=unfit>{{cite web |url=https://www.bankofcanada.ca/wp-content/uploads/2012/10/unfit_notes_poster.pdf |title=Unfit Bank Notes |author=<!--Not stated--> |date=October 2012 |website=bankofcanada.ca |publisher=Bank of Canada |access-date=January 15, 2020 |archive-date=January 27, 2020 |archive-url=https://web.archive.org/web/20200127131649/https://www.bankofcanada.ca/wp-content/uploads/2012/10/unfit_notes_poster.pdf |url-status=live }}</ref> Financial institutions must return the banknotes to the Bank of Canada, which will then destroy them.<ref name=unfit/> Individuals may keep the banknotes indefinitely.{{sfn|CBC News|2000}}