Legal tender: coins and paper money, as defined by the Government of Canada
Legal tender : coins and paper money, as defined by the Government of Canada, that must be accepted as payment for good or services. Coins are minted, or manufactured, at the Royal Canadian Mint headquarters in Ottawa or at the Mint�s Winnipeg branch. The Bank of Canada issues paper money, also known as bank notes. To prevent counterfeiting, the production of fake money, Canada�s bank notes have certain security features. Let�s have a look: New Canadian Bank Notes : Security Features holographic stripe watermark portrait see through numbers security threads Counterfeiting - Wesley Weber (Pleaded Guilty in 2001) Money changing purchasing power- Prices for goods & services increase over time: Inflation- Measured by the consumer price index: a basket of goods What is income? Income is money that an individual or business receives in exchange for goods or services. Personal Income Gross income � the total amount of income received by a person. Disposable income � the income we