The $5 note, issued in March 2002, was the second in the series. The face features a portrait of Sir Wilfrid Laurier produced by the noted Swedish engraver Czeslaw Slania and a vignette of the West Block of the Parliament Buildings. All notes in the series feature a stylized Maple Leaf flag in the top right-hand corner. The back of the note celebrates the theme Children at Play with images of children skating, tobogganing, and playing hockey. A quotation from The Hockey Sweater by Canadian author Roch Carrier is also featured.

The enhanced $5 note, issued in November 2006, carries the same security features as the rest of the notes in the series.