FEDERAL REG

SOR/2016-272: Issuance of Seven Circulation Coins and Determining the Characteristics and Design — Order Authorizing Royal Canadian Mint Act

REGISTRATION OF FEDERAL REGULATION - VIA PART II OF THE GAZETTE

Registered
October 22, 2016


REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Order.) Issues The Royal Canadian Mint (RCM) wishes to produce seven commemorative circulation coins as part of a series entitled My Canada, My Inspiration in celebration of the 150th Anniversary of Confederation. Pursuant to sections 6.4 and 6.5 of the Royal Canadian Mint Act, the Governor in Council may, by order, authorize... (Click for more)


Published on October 22, 2016

Bill Summary

SOR/2016-272: Issuance of Seven Circulation Coins and Determining the Characteristics and Design — Order Authorizing Royal Canadian Mint Act

REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Order.) Issues The Royal Canadian Mint (RCM) wishes to produce seven commemorative circulation coins as part of a series entitled My Canada, My Inspiration in celebration of the 150th Anniversary of Confederation. Pursuant to sections 6.4 and 6.5 of the Royal Canadian Mint Act, the Governor in Council may, by order, authorize the issue of circulation coins of a denomination listed in Part 2 of the schedule of that Act and determine the design of any circulation coin to be issued. Background The RCM produces commemorative circulation coins as a means to assist in the promotion of Canada, Canadian values, culture and history to Canadians. These special coins raise awareness of celebrations and anniversaries of importance to Canadians and create engagement with the Canadian public. Objectives The RCM wishes to produce seven circulation coins in celebration of the 150th Anniversary of Confederation. The 25¢ and $2 circulation coins will be produced in coloured and non-coloured versions. As part of a nationwide public coin design contest, Canadians were asked to submit and vote for coin designs for the following five categories: Our Passions (5¢): Celebrating the power of Canadian culture. Our Character (10¢): Honouring the shared values that bring Canadians together. Our Future (25¢): Expressing young Canadians’ hopes and wishes for the future. Our Achievements ($1): Commemorating landmark achievements that have made our country what it is today. Our Wonders ($2): Capturing Canada’s abundant beauty. These coins will serve as tangible keepsakes of the 150th Anniversary of Confederation. Description This Order authorizes the RCM to produce seven commemorative circulation coins featuring designs as follows: 5¢: a beaver expressed in contemporary Aboriginal style. 10¢: a dove overlaid by a maple leaf. 25¢ (coloured and non-coloured versions): a pair of hands that bring life to a plant surrounded by three animals: a turtle, a bird and a beaver. $1: a bridge with mountains in the background, various landmarks representing Canadian regions, and a pair of locomotives. $2 (coloured and non-coloured versions): paddlers in a canoe admiring the northern lights. “One-for-One” Rule This Order does not impose new administrative costs on business. Therefore, the “One-for-One” Rule does not apply. Small business lens This Order does not impose new administrative or compliance costs on small business. Therefore, the small business lens does not apply. Rationale The 150th Anniversary of Confederation has been identified as a key nation-building milestone by the Interdepartmental Commemorations Committee (ICC) — chaired by the Department of Canadian Heritage — which manages the Government of Canada’s commemorative priorities. Under the ICC’s purview, this anniversary has been identified as a priority commemoration by the Government of Canada. Because these coins are available at face value and circulate widely, public demand is high with many coins being collected and taken out of circulation. Commemorative circulation coin programs contribute to the overall success of the event being commemorated. Coins will be distributed through financial institutions with a portion reserved for RCM-hosted coin exchanges. Contact Simon Kamel Vice-President, Corporate and Legal Affairs and Corporate Secretary Corporate and Legal Affairs Royal Canadian Mint 320 Sussex Drive Ottawa, Ontario K1A 0G8 Telephone: 613-993-1732 Fax: 613-990-4665 Email: [email protected] Footnote a S.C. 1999, c. 4, s. 3 Footnote b S.C. 1999, c. 4, s. 3 Footnote c R.S., c. R-9 Footnote d SOR/2000-161, s. 4 Footnote e SOR/2000-161, s. 3 Footnote f SOR/2000-161, s. 2 Footnote g SOR/2011-324, s. 2 Footnote h SOR/2011-324, s. 1

This Bill does not amend any statutes.

Sign up for alerts on this Bill

Receive emails tracking this Bill's progress.

See all your alerts in a dashboard.

Set an alert with one click and you're done!