Everything you need to know
Canada Currency
Travelling to or living in Canada? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Canada
Open a UK bank account with us and get a GoCard for smarter spending in Canada. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Canada?
The official currency of Canada is the Canadian dollar
The Canadian dollar was introduced in 1858, replacing the Canadian pound. It has evolved over time, with the introduction of polymer notes in 2011 for enhanced security.
CAD, C$
Banknotes
C$5
C$10
C$20
C$50
C$100
Coins
C$1 (loonie)
C$2 (toonie)
5¢
10¢
25¢
$1
$2
Popular Dollar pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Canada
Canada is highly card-friendly—credit and debit cards are accepted almost everywhere, from cafés to taxis. Contactless “tap” payments are widely used, and mobile wallets like Apple Pay and Google Wallet are common. Cash is still accepted but rarely necessary in cities. ATMs are easy to find, but fees may apply when withdrawing from a foreign card. Tipping (10–20%) is expected in restaurants, bars, and taxis.
Tips for exchanging money in Canada
Airport kiosks and hotels offer poor rates—stick to banks or ATMs.
Paying by card is usually the most cost-efficient option.
Keep some small cash for rural areas, farmers’ markets, or tipping.
Always choose to be charged in CAD when offered—dynamic conversion can be costly.
Use TransferGo to send Canadian dollars directly to bank accounts or spend locally with your GoCard.
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Frequently asked questions
What is the official currency used in Canada?
The Canadian dollar (CAD, C$).
What is the official currency used in Canada?
Symbol: C$ | Code: CAD
Can I use my home currency in Canada?
Large tourist areas might accept foreign currencies, but rates are usually poor. Pay in CAD for the best value.
How can I use my GoCard in Canada?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Canada?
Cards are generally accepted everywhere, though carrying a small amount of cash is useful in remote areas.
Are credit or debit cards widely accepted in Canada?
Yes, especially in cities. Some smaller vendors may prefer debit cards over credit.
Are there ATMs available in Canada, and are there withdrawal limits?
ATMs are widely available, with limits depending on your card provider.
Can I use a GoCard in Canada?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.