Answer by knh959The exchange rate from Canadian dollars to US dollars fluctuates daily. Today it would cost you $ 1.02 US to buy $ 1.00 Canadian, roughly at par. Most Canadian retailers will accept US currency so you don’t really need to worry to much about exchanging your US money in order to buy things in Canada. In my experience prices for most goods are generally comparable from one country to another. Where you’ll find the biggest difference is in the sales tax. Depending upon the province, sales tax is anywhere from 5 to 8%. Additionally there is a 5% federal sales tax. (These taxes are NOT applied to grocery items)

Gasoline is sold by the litre in Canada rather than by the gallon. Four litres is roughly equivalent to one US gallon. Depending where in Canada you are the price varies from $ 1.20 to $ 1.33 or so per litre so it is a bit more expensive to fill up your gas tank in Canada.

Back to the currency exchange for a second. When I travel to the States for vacation I use my credit card as much as possible. I get the best exchange rate available that way and don’t pay any handling charges. Just the bank rate for the day.

Answer by braingamerYesterday the Canadian dollar was worth 2 cents more than the U.S., but banks, being what they are, charged me a service charge for conversion, so I lost on the deal. Basically, though, the currency is about equal.

Lots of foods are cheaper here (fruits, veggies, many meats, canned goods, potato chips, pop, etc. – if you know your prices, you can do very well) , gasoline is more (today $ 1.349/litre which equates to about U.S. $ 5.21/gallon). Taxes are already included in the price – just like in the U.S.

Be aware that, on nearly everything else, you’ll need to add sales taxes (GST – Federal Goods and Services Tax – of 5% and PST – Provincial Sales Tax (like State Tax) – which varies depending on province you’re in. Ontario is 8%.) While there’s usually no tax on food, convenience foods/junk foods ARE taxed. Then there’s the “quantity” rule – a single donut is subject to tax, but if you buy a 6-pack or more, they’re tax-free.

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