The bills will not lose their value after Jan. The majority of the bills haven't been produced in decades. Budget says some paper currency will no longer be legal tender.The move was approved by Parliament in 2018. 1, 2021, meaning they will longer be accepted in cash transactions. The $1, $2, $25, $500 and $1,000 bills will no longer have legal tender status as of Jan. Soon, some out-of-print bills will not be accepted in day-to-day transactions, and Edmonton currency collectors are recommending Canadians do their research before exchanging them.
