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In English, the denominations are the same as the corresponding US Coins: cent (or penny), no longer minted; nickel, dime, quarter, and half. Like all other major nations except the US, Canada also has higher-value coins. The $1 coin is nicknamed a "loonie" because it carries a picture of a loon, and the $2 coin is called a "twonie" or "toonie".

In French, coins are usually referred to by their denominations, often using the old word sou (pronounced "soo") which corresponded roughly to "penny" in the French coinage system used during colonial times. Thus a 5 cent coin would be "5 sous", etc. $1 coins are sometimes called piastres or piasses, in another reference to an older European currency unit.

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