100 Dollars

The Imperial Bank of Canada was a mid-tier chartered bank operating primarily in Ontario and the western provinces — never the largest player in Canadian banking, which makes its higher-denomination notes correspondingly scarce today. By 1923, Canadian chartered bank note circulation was already in managed decline; the Bank Act revisions of 1944 would eventually extinguish the private-issue system entirely, but through the 1920s these notes remained legal tender for the issuing bank's liabilities.

A $100 face value placed this firmly in commercial and interbank use rather than retail circulation. The Canadian Bank Note Company printed for dozens of chartered institutions during this period, and the Ottawa plant's output was generally consistent — but high-denomination notes from smaller issuers like Imperial were produced in limited runs and saw correspondingly less handling. Survivors in any grade are genuinely uncommon.