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Campus Alert: High-Quality Counterfeit Bills Circulating Locally

January 22, 2026

Time to read: 2 minutes

University cash-handling departments, along with students, staff, and faculty, are urged to remain vigilant following reports of an increase in high-quality counterfeit Canadian banknotes circulating locally.

National alerts from the Retail Council of Canada indicate a surge in counterfeit $20, $50, and $100 bills, with more fake notes identified in one recent month than in an entire previous year. These counterfeits closely resemble genuine polymer currency and are difficult to detect, even for trained staff.

Impact on Campus

Units that accept cash — including retail services and parking operations — are at increased risk. Similar warnings have been issued by law enforcement in major Canadian cities after counterfeit bills were used in local businesses and marketplaces.

How to Spot Counterfeit Bills

The Bank of Canada recommends carefully checking security features when accepting cash:

If a bill appears suspicious, politely refuse it and request another form of payment. Departments are encouraged to use counterfeit detection tools and review staff training where available.

Reporting Concerns

If you encounter suspected counterfeit currency:

Passing counterfeit money is a criminal offence under Canadian law. Remaining alert helps protect both individuals and the university community.