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1.000 Dollars

Issuer Bank of Canada / Banque du Canada
Year 1988
Type Standard circulation banknote
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Reverse lettering CANADA
PINE GROSBEAK
GROS-BEC DES PINS
1000
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Protection type Security thread, Watermark
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Comments

The 1988 $1,000 note was discontinued in May 2000 when the federal government, acting on RCMP and FINTRAC pressure, directed the Bank of Canada to stop distributing it. The concern was straightforward: at that denomination, the bills had become the preferred large-value instrument for organized crime and money laundering. Existing notes remain legal tender but are actively withdrawn from circulation whenever they surface at financial institutions — which is why the overwhelming majority of surviving examples come from collections rather than cash drawers.

The dual-printer credit reflects a long-standing arrangement between CBN and BABN that divided federal banknote contracts; both were Ottawa-based operations for most of their history.

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