It's the last stop on the long road of goodbye for the Canadian penny.

The 1 cent copper-coloured coin goes out of circulation Monday.

While you can still use pennies you already have, banks won't be out handing out fresh rolls to businesses.

It means big changes for you at the register if you pay by cash.

The Royal Canadian Mint recommends stores & restaurants round up or down to the closest nickel.  For example a sub that rings up to $7.28 would now cost you $7.30.  Your $1.41 morning coffee gets knocked down to $1.40.

The Mint can only make recommendations though, the choice about whether to round up or down is up to individual restaurants & stores. In a Retail Council of Canada survey, 56% of businesses said they planned to take the Mint's lead.

Home Depot isn't falling in line.  The chain plans to round their prices down no matter what.

If you're settling up a bill by debit, credit, card or cheque, nothing changes.  You pay the price you see, down to the cent

To learn more about the phasing out of the penny, click here.