Calgary

1. Identifying Counterfeit Currency in Calgary, Canada

The Bank of Canada issues Canadian currency and incorporates advanced security features to prevent counterfeiting. Familiarizing yourself with these features is the first step in identifying counterfeit bills. Here’s what to look for:

Key Security Features on Canadian Banknotes:

• Holographic Stripe (Polymer Notes): Modern Canadian bills are made of polymer and include a transparent window with holographic images. Tilt the bill to see the metallic images shift and reflect light.
• Raised Ink: Feel the raised ink on the large numbers, the words "Bank of Canada" and "Banque du Canada," and the portrait.
• Transparent Window: Look for a clear, see-through window with intricate designs. The window should not feel glued or patched onto the bill.
• Hidden Numbers: Hold the bill up to the light to see small numbers in the transparent window that match the denomination.
• Color Shifting Ink: On some denominations, the ink in certain areas changes color when tilted.
• UV Features: Under ultraviolet (UV) light, certain areas of the bill will fluoresce.

Tips for Spotting Counterfeit Bills:

• Compare the suspected bill with one you know is genuine.
• Check for inconsistencies in the texture, color, or printing quality.
• Be cautious of bills that feel too thick, too thin, or have a waxy texture.
• Look for missing or poorly replicated security features.

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2. Costs and Penalties for Passing Counterfeit Currency

Passing counterfeit currency, even unknowingly, is a serious offense in Canada. The penalties are governed by the Criminal Code of Canada and can include:

• Knowingly Using Counterfeit Money: If you knowingly use counterfeit money, you could face up to 14 years in prison.
• Possession of Counterfeit Money: Simply possessing counterfeit currency with the intent to use it is also a criminal offense, punishable by imprisonment.
• Unknowingly Passing Counterfeit Money: If you unknowingly pass counterfeit money and later discover it was fake, you are not criminally liable. However, you must report it immediately to avoid suspicion.

It’s important to note that businesses in Calgary are not obligated to accept counterfeit bills and may confiscate them if they suspect fraud.

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3. Reporting a Suspected Counterfeit Bill

If you suspect that you have received a counterfeit bill, follow these steps:

What to Do if You Receive a Counterfeit Bill:

1. Do Not Use the Bill: Avoid passing the bill to someone else, as this could be considered a criminal act.
2. Note Details: Record as much information as possible about how you received the bill (e.g., location, time, and the person who gave it to you).
3. Handle the Bill Carefully: Place the bill in an envelope or plastic bag to preserve it as evidence. Avoid writing on it or damaging it.
4. Contact Local Authorities:
   • Call the Calgary Police Service (CPS) non-emergency line at 403-266-1234 to report the counterfeit bill.
   • Alternatively, visit your nearest police station to hand over the bill and provide a statement.
5. Inform the Bank of Canada: You can also report counterfeit currency directly to the Bank of Canada by calling their toll-free number at 1-800-303-1282.

What Happens After Reporting:

• The police or Bank of Canada will investigate the counterfeit bill.
• If the bill is confirmed to be counterfeit, it will be removed from circulation.
• Unfortunately, you will not be reimbursed for counterfeit money, as it has no monetary value.

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4. Local Considerations for Cash Transactions in Calgary

While Calgary is a modern city with widespread use of digital payment methods, cash is still commonly used in certain situations. Here are some local tips to keep in mind:

Where Cash is Commonly Used:

• Farmers' markets, small businesses, and local vendors may prefer cash.
• Tipping in cash is common in restaurants, bars, and for service workers like taxi drivers or hotel staff.

Best Practices for Handling Cash:

• Always inspect large denominations ($50 and $100 bills) carefully, as these are more frequently targeted by counterfeiters.
• Use smaller denominations for everyday transactions to reduce the risk of receiving counterfeit bills.
• Be cautious when accepting cash in dimly lit or high-traffic areas, such as nightclubs or outdoor events.

Trusted Locations for Currency Exchange:

If you need to exchange foreign currency for Canadian dollars, use reputable institutions such as:

• Banks: Major banks like RBC, TD, Scotiabank, and CIBC offer secure currency exchange services.
• Currency Exchange Services: Locations like Calforex Currency Exchange in downtown Calgary are reliable.
• Avoid exchanging money with individuals or unverified businesses to reduce the risk of receiving counterfeit bills.

Digital Payment Alternatives:

• Calgary is highly digital-friendly, and most businesses accept credit cards, debit cards, and mobile payment apps like Apple Pay, Google Pay, and Interac e-Transfer.
• Using digital payments can help you avoid the risks associated with counterfeit currency.

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5. Additional Resources

• Bank of Canada Counterfeit Prevention: Visit the Bank of Canada’s official website for detailed guides and videos on identifying counterfeit bills: www.bankofcanada.ca.
• Calgary Police Service: For local updates and resources, visit the Calgary Police Service website: www.calgarypolice.ca.
• Canadian Anti-Fraud Centre (CAFC): Report fraud or learn more about counterfeit prevention at www.antifraudcentre-centreantifraude.ca.

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By staying vigilant and informed, you can confidently handle cash transactions in Calgary while minimizing the risk of encountering counterfeit currency. If you have further questions or need assistance, feel free to ask!