Canadian money and dollars signs?

Show all answers

Big Bobby Clobber

Prices in Canada are in Canadian dollars. They also use $

JavaJoe

Any price shown in Canada would be in Canadian dollars, just like any price in the States would be in American dollars, and any price in Japan would be in Japanese yen. It really doesn't take a rocket scientist to figure it out. Once you cross the border you're in a foreign country regardless of the fact that they look like you, talk like you and have street signs you can read. It just stands to reason they would also be using their currency and not currency from another country.

Now the exchange rate is close to $1 CAD = $0.95 US so you could consider the dollar to be almost on par which saves you the hassle of doing a lot of conversion. The only thing you need to concern yourself with are the taxes. Just about everything has both a provincial tax (except the province of Alberta I believe) and a federal tax. This means you could be paying an extra 15% on all your purchases (17% on alcohol). The good news is that for certain goods and services you can get the federal tax back. You'll need a form, all your receipts and a lot of patience.

And if you're on the Plus! system you should be able to hit up any ATM to withdraw money from your American account (your mileage may vary). I'd consider bringing a small amount of Canadian cash with you and simply using the ATMs to withdraw the rest.

torontopartyguy

Yes in Canada the currency is the Canadian Dollar. It is currently exchanging at aprox 94 cents US for every Canadian Dollar.

pat m

don't listen to Hippie power
the canadian dollar is actually worth more now... i think he is stuck in the 60's for real. one US$ is now equal to almost $0.95 canadian...

Midway 56

The $ sign means Canadian dollars. For example if a price says $10 it is actually about 9 and 30 cents US. If something is priced in US dollars it will have a sign saying US dollars. Otherwise it is in Canadian currency. Today a Canadian dollar is worth roughly about 93.4 cents US. There really isn't that much of a difference anymore due to the weak US dollar on international markets.

$Sun King$

A dollar is a dollar is a dollar. $.
You might think twice about getting your money changed at a currency conversion outlet. You may actually get a better deal from the retailers as the currencies are close to parity.

By the way, we are happy that you are coming to Canada even if you find the service sector will seem underwelmed by your stay. Don't take it personally. Everone is served equally bad in Canada, regardless of your nationality.

The person below that says the dollar is worth 0.75 cents doesn't know what they are talking about.

At this moment in time, the Canadian dollar is worth 94 cents American and is expected to equal the American dollar by the end of the year.

Another important thing to know:

>>>Foreigners DO NOT HAVE TO PAY the GST (Goods and Sevices tax) <<<<<

When you arrive in Canada, be sure to look for the GST rebate form that allows you to RECLAIM this charge through the mail after you have ended your trip

IT IS IMPORTANT THAT YOU KEEP ALL RECEIPTS so that you can calculate the total you are owed for your rebate.

more info on GST rebate:
http://www.cra-arc.gc.ca/visitors/

You are also charge a PST or a provincial sales tax on purchases. The percentage charged varies depending on the province you are in.

A chart for provincial sales taxes can be found here:
http://www.taxtips.ca/provincial_sales_tax.htm#ProvincialPSTRates

Get ready to pay more for gas

Gas is measured in litres instead of gallons
1 american gallon = 3.785 litres

If the gas costs $1 canadian/liter (which is a little on the low side right now) that translates to $.094 American dollar/litre.

That works out to 1 gallon american = 3.785 litres x .094
or $3.56 american/gallon. Our low side price is on the high side price compared to the cost in the US.

Avg. gas price in $Can price report below:
http://www.energy.gov.on.ca/index.cfm?fuseaction=oilandgas.gasreport

http://www.gasbuddy.com/

Explorer

ya, we call it a dollar, and we use a dollar sign
Right now the Canadian dollar is worth about 93 cents US
By the time you get here we hope they are equal.

marie9

We use $ signs just like in the U.S. , but it is a Canadian dollar. You have to pay Canadian taxes unlike somebody said! You can apply for a reimbursed only if you spent $200 canadian dollars in goods. Meaning clothing or other products excluding restaurants food and services. The receipts must be 50 dollars or more before taxes. It takes from 2-3 months to be reimbused for the G.S.T only ( 6%). The provincial sales tax is NOT reimbursed. For $200 you get back $12.

loulou

They do use the $ in Canada, but their dollar amounts aren't the same as our dollar amounts. The exchange rate is different. Some places may take US dollars but you can change your money to Canadain dollars.

Greg

Just to clarify all of this for you:

$ in Canada = the Canadian dollar. The $ sign is the same as in the US, but in Canada, it's for the Canadian dollar.

You do have to pay taxes when you buy something in Canada, but you're allowed to claim the money you pay in federal sales tax (GST) when you get home. Keep your receipts and go to the link that someone posted earlier. You'll get back some money that way!

The Canadian dollar is currently worth around 94 US cents. A few years back, it was worth around 65 US cents. But as of now, the US and Canadian dollars are worth roughly the same.

Dan R

dont get ur cash converted, try and use credit and debit cards as much as you can. You easily get the best conversion rate that way.

sushimoto98

Prices in Canada are in Canadian Dollars ($). They also accept US$ in some stores. You can exchange C$ at any bank. 1 US$ would get you about 1.08 C$ today. Alternatively, you can use an ATM machine while in Canada and get C$ equivalent out of your bank account. The bank will charge you a small fee for the conversion and withdrawal.

Grand pa

Prices in dollars:: dollar coin is called a Loonie; Two dollar coin is toonie all are bills are differant colors easy to reconize,, We use metric speed is in kilometers temperature celcious .French is our second language. you will see it on packages If your comming to British Columbia check tourismvancouver hellobc feel free to email me I have lived in Vancouver BC 67 years

Hippie Power

We use dollars, however they are not worth as much, so the exchange rate is something like one US $= seventy five cents Canadian. Its like buying money. Watch out for GST and PST (.15% of every purchace) so if you see something for $1.75 it is usually around $2.19ish

Enter Your Message or Comment

User Name:
User Email:
Post a comment: