Size: 152.4 x 73.025 mm (6.0 x 2.875 inches)

The Bank of Canada was founded in 1934 and given responsibility, through an Act of Parliament, to regulate the country's money supply and to "promote the economic and financial welfare of Canada." Accordingly, it was also given the exclusive right to issue bank notes. On 11 March 1935, the Bank of Canada issued its first series.

The notes were unilingual, and matching versions of all denominations were available in either French or English. Also unique to the series were a $25 and a $500 note. The series featured portraits of various royals and former Canadian prime ministers. On the backs of the notes were allegorical figures symbolizing Canada's growing agricultural, industrial, and commercial prosperity.

The security features included raised ink, which was thick and easily felt (on the front and back), intricate fine-line patterns, and small green dots (planchettes) scattered randomly in the paper.