Mr. Speaker, our Conservative government is making a number of changes to the federal statutes for financial institutions that will enhance the protection of consumers and financial services. These changes will confirm that Canadians, including bank customers, are able to cash government cheques in amounts of less than $1,500 free of charge at any bank in Canada and will increase the maximum penalty for a violation of the consumer provision consistent with penalties for other violations under financial institution statutes.
In the House of Commons on March 27th, 2012. See this statement in context.