Banks, Currency Exchange & Taxes
Canadian currency is the dollar, which is divided into 100 cents. There are 5, 10, 20, 50, and 100 dollar bills. There are numerous currency exchange offices for visitors to exchange money into Canadian currency. Most exchange offices are open during regular business hours (9am-6pm) and Saturday from 10am-5pm. Credit cards are also widely accepted in restaurants, stores, taxis, etc. Taxes in Montréal are calculated as follows: a 5% Federal Goods & Services tax and a 9.975% Provincial Goods & Services tax. Only basic groceries (breads, dairy, fruits, vegetables, etc.) are not taxed. Taxes paid by visitors are not reimbursable.excitement about the destination.