<P> There had been two previous printings of the $500 note by the Dominion of Canada, one in 1925 featuring King George V, and one in 1911 picturing Queen Mary . Of the latter, only three are known to still exist, one of which sold for US $322,000 in a Heritage auction in October 2008 . It is unlikely that further 1911 notes survived the Depression . </P> <P> Printing of the $1 note ceased in 1989 after the release of the loonie (in 1987) had been implemented . These notes are virtually never seen in circulation today . The most recent banknote series that included the $1 note was the Scenes of Canada, with the $1 note released in 1974, coloured green and black . The face featured a portrait of Queen Elizabeth II; the back featured an image of Parliament Hill from across the Ottawa River, with log driving activities taking place on the water . </P> <P> Printing of the $2 note ceased on February 18, 1996, with initial release of the toonie, a coin that replaced it . These notes are virtually never seen in circulation today . The most recent banknote series that included the two - dollar note was the Birds of Canada series in 1986, in which this note was a terra cotta colour . The face featured a portrait of Queen Elizabeth II; the back featured a meadow scene with two robins . Prior to the withdrawal of the $1 note, the $2 was not as widely circulated and was difficult to find in some regions, Alberta in particular . After the $1 note was withdrawn, the $2 was much more widely circulated . </P> <P> Printing of the $1,000 note ceased in 2000 . The denomination was withdrawn on the advice of the Solicitor General and the Royal Canadian Mounted Police (RCMP), as it was often used for money laundering and organized crime . The Bank of Canada has requested that financial institutions return $1,000 notes for destruction . The most recent issue of this denomination was in 1992 as part of the Birds of Canada series . It was pink in colour, featuring Queen Elizabeth II on the face, and two pine grosbeaks on the back . </P>

When was the 2 dollar bill discontinued in canada