Law Proposed to Keep Cash Available in Canada
Keep Cash Available Act
This proposed law, C-400, wants to make sure everyone in Canada can still use cash. It would create a set of rules to keep cash as an option for payments. The idea is to stop businesses from refusing to take cash. This affects everyone who uses cash. That includes people who prefer cash for budgeting. It also affects people who don't have bank accounts or credit cards. If businesses had stopped accepting cash, these people would have a harder time buying things. This matters because it protects choice. People can choose how they want to pay. It also helps people who rely on cash. Without this proposed law, some people could be left behind as payments become more digital.
Where this proposed law falls on the policy spectrums that Canadians care about
By ensuring businesses continue to accept cash, the bill places a slight restriction on business autonomy, leaning slightly towards worker/consumer protection by ensuring access to a payment method.
This bill has not yet been published on the government website.
Click any step to learn what it means
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How likely this proposed law is to be approved
This is a private member's proposed law, meaning it wasn't proposed by the government, and these rarely pass. It's also only at the second reading stage, suggesting it hasn't gained much traction.
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