QCWA

QCWA NATIONAL CONVENTION - 2006

NOTES ON CANADIAN MONEY

Hey Partner - the Canuck Buck (also known at the Loonie - $1.00 and the Toonie - $2.00) against the US dollar is currently worth about CDN $1.20. This means your $US will go even further in Canada! Many stores in Calgary will accept US dollars and give you a fair exchange rate, but be careful, some less reputable outlets will gouge you. If in doubt, ask first before you buy, especially at gas stations. It is up to the store operator as to what they decide for the exchange rate, as there is no government regulation in this area. You can find official exchange facilities in airports, major shopping centres and banks.

You may also use your VISA, AMEX and MasterCard charge cards just about anywhere. You will be charged the going exchange rate for the day the bank processes your purchase. Some charge card providers do charge fees for doing the exchange. If you plan on minimizing all your expenses while in Canada, you may want to apply for the 6% GST rebate. GST, or Goods and Services Tax, is essentially a Federal Sales Tax, but is refundable for non-residents. Keep all your receipts and access the web site at GST Information for all information and the form you need to apply for the rebate. There are some restrictions on small purchases but hotel charges do qualify. And you will be pleased to know there is no Provincial Sales Tax in Alberta!

If you have any concerns or questions, please contact Ken Oelke, VE6AFO at ve6afo@rac.ca

See you soon!