Toronto offers visitors world-class products without world-class prices. A favourable exchange rate doesn't hurt either. So be sure to pack an extra bag for the loot you'll want to bring back home.
Toronto’s currency is the Canadian Dollar
- For denominations under five dollars we use coins - some we've even given cute names: the loonie ($1), the toonie ($2)
- US dollars are accepted in most Toronto establishments, although you'll receive change in Canadian funds and exchange rates will differ from merchant to merchant
- You’ll find cash machines/ATMs in most banks, hotels and shopping centres
- Travelers cheques and credit cards are accepted at most (but not all) major retailers
- Currency exchange is available at banks and kiosks throughout the city and at the airport
Tipping
If you’re happy with the service you receive, a 15-20% tip on the pre-tax bill is a standard expression of appreciation when dining out in the city. Note that some restaurants automatically add this gratuity when serving large groups, so be sure to check your bill.
Tips are also expected for services such as haircuts, shoe shines and taxi rides. 15-20% is standard in these situations as well.
Taxes
The Goods and Services Tax (GST) is a 5% tax that is charged on most goods and services sold or provided in Canada. And as we’re part of the Province of Ontario, purchases made in Toronto are also subject to the 8% Provincial Sales Tax (PST).
Tax Rebates Services
These companies offer services that ensure your visit to Toronto is less taxing. Visit them online, call or download their rebate application forms using the links below:
Custom House Global Foreign Exchange
Global Refund
Premier Tax-Free Services
Tax Rebates for Foreign-Based Convention Organizers
If the attendance at your convention is at least 75 per cent non-Canadian, you may be able to claim a rebate for tax paid on exhibition space and convention supplies (including business equipment rental, security, audiovisual equipment and speakers). If you’re planning a meeting, trade show or convention in Toronto, contact Tourism Toronto and Canada Customs & Revenue Agency well in advance to determine whether you qualify and what steps you’ll need to take.