Derek Moran
..interesting that they add an 'a', changing it from "THIS NOTE IS LEGAL TENDER," to, "TENDER OF PAYMENT...is A legal tender"
Legal Tender
8. (1) Subject to this section, a tender of payment of money is a legal tender if it is made...
Statutory Instruments Act
(3) The Statutory Instruments Act does not apply to the policy.
http://laws-lois.justice.gc.ca/eng/acts/c-52/FullText.html