A Primer on Canadian Currency, Taxes, and Tipping

Canadian coins are available in five denominations: 5¢, 10¢, 25¢, $1, and $2. There used to be 1¢ coins, but the creation of pennies was stopped in 2013, and now the cents are rounded to the next nearest coin amount. Canadian banknotes are made of a polymer material, which is durable and stain-resistant, and they have $5, $10, $20, $50, and $100 denominations. In Canada, while cards are accepted for payments in many situations, most people do not carry a lot of cash on hand.

A 5% goods and services tax (GST) and a provincial sales tax (in BC, 7%) varies from province to province) are added to goods, lodging, meals, and services in British Columbia. The three territories of Yukon, Northwest Territories, and Nunavut levy only GST; Ontario levies a 13% Harmonized Sales Tax (HST); and Prince Edward Island, New Brunswick, Newfoundland and Labrador, and Nova Scotia levy only 15% HST. In Canada, taxes are not included in the price listings for goods and lodgings and vary depending on which province you are in.

Tipping may not be common in your home country, but it is deeply ingrained in Canadian Life. The tipping culture exists in the U.S. and other parts of North America; in restaurants, cafes, and other places where people receive services such as hair salons and hotels. It is generally expected that customers leave a 10% to 15% tip. Furthermore, hotel room service and some restaurants may include a gratuity to the total amount in advance.


Source:

Canada Revenue Agency. (2019, April 15). Charge the GST/HST. Canada.ca.

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/charge-collect-which-rate.html

About Cloud Nine College (CNC)  

Cloud Nine College is a premier vocational (Co-Op) college offering a range of specialized co-op courses and comprehensive Intensive English Programs, including test preparation courses for IELTS and general and business ESL courses to international students. It coordinates its programs uniquely in such ways that students can advance their education to the next level at universities and job opportunities. 

CNC is also an online education platform offering online certificate, diploma, higher diploma, and postgraduate diploma programs progressing to online and offline undergraduate and postgraduate degrees awarded by various educational institutions and universities around the world 

Cloud Nine College started as a language training institution back in 2010 and now has expanded into providing career training programs: 

  • Hotel and Restaurant Management Co-op Diploma 
  • Hotel and Restaurant Management Co-op Certificate 
  • International Trade and Business Management Co-op Diploma 
  • Professional Sales Co-op Certificate 

Learn more about CNC at www.cloudninecollege.com/ 

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