Canada’s monetary system is based on dollars and cents. Our $1 coin is affectionately known as a Loonie and our $2 coin is known as a Toonie. Canada no longer mints one-cent coins and cash purchases are either rounded up or down to the nearest 5 cents.
Banking hours are generally 9:30 am to 4 pm, Monday through Friday. Many banks in urban centres are open later and on the weekend. Automated teller machines (ATMs) are available 24/7 and are linked to one or more of the following networks: Interac, Cirrus or Plus.
Major credit cards - MasterCard, Visa, American Express - are accepted at most commercial establishments, banks and currency exchange offices.
The average gratuity in Canada ranges from 15 to 20 per cent and is usually given to food servers, taxi drivers, tour guides, hotel staff and beauticians for good service. Tips or service charges are not usually added to the bill in Canada. It's up to you how much you give bellhops, doormen, porters and other staff at hotels, airports and railway stations, but generally $1 and up per item is standard. Tipping your server both at the bar and at the table is common practice in Canadian bars and nightclubs.
Alberta is the only province in Canada without a provincial sales tax (PST). The Government of Canada charges five per cent goods and services tax (GST) on most purchases.