New $5 Bill Consultation Open

Minister of Finance Bill Morneau and Governor Stephen S. Poloz have announced that the Bank of Canada has now launched public consultations to select an iconic Canadian to appear on the next $5 bank note.

The process is going to be very similar to the 2016 campaign that resulted in Viola Desmond, a defender of human rights and social justice, as the portrait subject of the $10 bill. The redesigned bank note won the Bank Note of the Year Award from the International Bank Note Society.

“When we launched the last round of consultations, we never could have anticipated the enthusiasm of Canadians, both for the process or for the historic bank note that featured a Canadian woman for the first time, civil rights pioneer Viola Desmond,” said Minister of Finance Bill Morneau in a press release. “We’re excited to see who the public will nominate for the $5 bank note and look forward to celebrating another incredible Canadian.”

Nominees must meet all the following criteria:

  • They are a Canadian by birth or naturalization who has demonstrated outstanding leadership, achievement or distinction in any field, benefiting the people of Canada or in the service of Canada.
  • They have been deceased for at least 25 years (before March 11, 1995).
  • They are not a fictional character.

Canadians can submit nominations by using the Bank of Canada’s submission form. It’s important to know that the new $5 bill will have a vertical design, like the $10 bill, that one submission form can have up to five names, additional submissions can be made with different forms, and suggestions of images and symbols associated with nominees may also be included. Submissions must be made by March 11, 2020.

Information from the Bank of Canada.

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