Resources and Information from the Government of Canada. In Economic Action Plan 2012, the Government announced it would phase out the penny from Canada’s coinage system. To help consumers, businesses, charities and financial institutions to plan, a transition date of February 4, 2013 has been set after which the Royal Canadian Mint will no longer distribute pennies. We would like to take this opportunity to invite you to visit www.fin.gc.ca/1cent to learn more about this initiative, and to find resources that will help you spread the message about phasing out the penny. We will also be undertaking other awareness-raising activities in the coming weeks, designed specifically for businesses and consumers both before February 4, 2013, and beyond.