The Bank of Canada has officially unveiled the design for the new $20 bill, which replaces the portrait of the late Queen Elizabeth II with that of King Charles III. The new note maintains the vertical orientation introduced in previous series and serves as a symbolic update to Canada’s currency following the transition of the monarchy.

This change is significant as it represents the first time a new sovereign has been featured on Canadian paper money in more than 70 years. The portrait of the King is based on an official image approved by the monarch himself. While the transition to the new bill is a standard procedure following the death of a monarch, it serves as a reminder of Canada's ongoing constitutional ties to the British Crown. The Bank of Canada has indicated that the new notes will begin circulating in the coming months, gradually replacing the existing stock of $20 bills currently in use. No major controversy has been reported regarding the design, though the shift highlights the evolving nature of Canadian national symbols in the post-Elizabethan era.