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1.000 Dollars

Issuer Bank of Canada / Banque du Canada
Year 1988
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Size 152 x 70 mm
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Reverse description A pair of pine grosbeaks perched on a snow-covered branch against a winter landscape vignette, rendered in intaglio. The denomination 1000 appears at upper left and lower right, with a large latent CANADA guilloche underprint filling the centre field.
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Protection description Embedded metallic security thread running vertically through the note; portrait watermark visible when held to light.
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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 Existing notes remain legal tender but are actively withdrawn from circulation whenever they surface at financial institutions — which is why the overwhelming majority of surviving examples come from collections rather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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