After completion of his bachelor degree, Penny got enrolled at Lyric School of Acting, in Vancouver, British Columbia. He left his school in 2002 to pursue an acting career.
Penny made his acting debut in an American science fiction television series Jake 2.0, which was created by Silvio Horta. Later, he played the lead role in a Canadian television drama Whistler, which was directed by Grant Harvey. The others cast members of this series are Jesse Moss, Amanda Crew, Adam J. Harrington, and Holly Dignard.
After his successful career as an actor, he appeared in an American teen romantic comedy movie John Tucker Must Die, which was directed by Betty Thomas. The co-stars of this movie are Brittany Snow, Sophia Bush, Penn Badgley, and Jenny McCarthy. The movie became a huge hit and grossed $68.8 million at the box office against the budget of $18 million.
Similarly, Penny has appeared in numerous other movies including, When Jesse Was Born, Poison Ivy: The Secret Society, Betsy's Kindergarten Adventures, I Love You, Beth Cooper, and Held Hostage. Likewise, he has also appeared in many television series, Autumn In the Vineyard, Chesapeake Shores, A Dash of Love, Summer In the Vineyard, and Magical Christmas Ornaments.
Penny is a Canadian by nationality and belongs to white ethnicity. He is a married man. However, he has not revealed the name of his spouse. He is blessed with two children. He lives a happily married life with his wife and children and there are no signs of divorce in their relationship. He has not been reported to have indulged in any affairs in the past with his girlfriends.
Penny earns a tremendous amount of money from his professional acting career. He has appeared in numerous movies and television series from which he must have collected a decent amount of salary. However, the exact figures regarding his net worth has not been revealed.