Welcome To Canada Capstone College

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Currency Information...

The currency of Canada is the Canadian Dollar.

It has been rising steadily since mid 2003 & has ranged between 72 & 76 cents US in early 2004 so far. It is predicted to break the 80 cent US mark sometime in 2004, maybe.

Most purchases in BC are subject to a 7% Sales Tax and 7.5% GST (Goods and Services Tax). This effectively means a 14.5% tax. As a non-Canadian visitor, however, you are eligible for a GST rebate on some items.

U.S. currency is widely accepted anywhere in Canada with no trouble. You are much better off changing your money at a bank.

Travelers Cheques are also widely accepted and you can use them in most stores and restaurants as if they were cash, without paying any commission. This makes them a good choice. Credit Cards are widely accepted (Visa is the best). There are also lots of ATM machines around.

Banks are usually open 9AM to 5 PM Monday to Thursday. Some open until 6 PM on Friday and most are open either in the mornings or all day on Saturdays. You will not find an open bank on a Sunday.

Free Online Currency Converters

The following online currency converters are meant as a convenient way to calculate international currency exchange rates, for quick reference. CCC accepts no responsibility for any errors or inaccuracies in foreign currency exchange calculations resulting from the use of the currency converters.

Follow the links for currency converters (Calculators) :

• The Universal Currency Calculator
• Royal Bank of Canada
• Bank of Canada
• ip138 (in Chinese-English)