Cheques or cash payments of more than $10,000 will not be accepted next year, raising concerns about the government one day adopting problematic central bank digital currencies.

The federal government of Prime Minister Justin Trudeau’s omnibus budget Bill C-47 is currently being debated in the House of Commons. The bill includes the clause that will mandate electronic payment of taxes over $10,000.

The CRA would not comment on what would happen to those who don’t abide by the new rules.

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