Banks offer a variety of services to their customers including currency exchange, safety deposit boxes for storage of passports, and savings accounts. Many Canadians use personal cheques issued by banks as an efficient means to pay for services. They are easily replaced if stolen or lost. Most shops, hotels, restaurants and attractions accept traveller's cheques as well as major credit cards. The rate of exchange in effect on the day of a credit card transaction will be automatically updated on your credit card bill.
Some provinces apply a provincial tax levy to goods and services.
As a visitor, a portion of the GST may be refunded to you upon your departure from Canada. There are restrictions that apply and you must provide original receipts. Contact Revenue Canada or your school for further information. GST refund forms can be obtained at the information counters at airports and at most shopping malls.