The Wallace War Memorial was erected in 1959, in memory of all those who have served their country and those who gave the supreme sacrifice in the First and Second World Wars. The Memorial was designed by Comrade Charles McCoull. The Monument is of Wallace sandstone with panels of granite. The cutting and erecting of the stone were done by local contractors, Gordon Dewar and Roy Flynn. Each year on the eve of June 30th, Canada Day events begin at the Cenotaph with the Nations Prayer, Wreath laying and Parade to the Community Centre. Involved are, Legion Branches from Pugwash, Tatamagouche and Wallace; RCMP members; Wallace Fire Department; Boy Scouts and Girl Guides associations. This is followed by entertainment, refreshments and fire works. There is an annual Remembrance Day Service held at the Monument on the 11th hour. The Service is attended by, Seaside Branch Royal Canadian Legion No. 104 , RCMP, Fire Departments, Boy Scouts and Girl Guides, also a large number of local citizens.