Budget 2012: The penny drops

Jamie Golombek, managing director of tax and estate planning at CIBC Private Wealth Management, discusses the budgetary decision to drop the penny from circulation. The penny has dropped — but how will it impact the wallets of Canadians? It seems one can be penny-wise and round-foolish and Golombek tackles the thorny issue of rounding up or down, as laid out in Budget 2012. Golombek spoke on location from within the media lock-up in Ottawa.