Decoding Canadian Money

Canadian money comes in different forms: coins (like loonies and toonies) and bills (also called banknotes). You can use them to buy things, save for something special, or even invest! But remember, you can't just print your own money. Our money has cool features too, like the Queen's picture and other interesting designs. Seeing is believing and the more you know the more you can see!

Banks are like super-safe places to keep your money. They also help businesses grow and people buy homes. There are different types of accounts: chequing accounts are for everyday spending, while savings accounts help you save money over time. Banks also pay you a little extra for keeping your money with them – that's called interest! The more you know about how it works, the more you will grow!

Taxes are a part of everyday life. Taxes help pay for important things like schools, roads, and hospitals. When you buy something, you often pay HST (Harmonized Sales Tax) – that's a tax on the things you buy. When you earn money, you also pay income tax. Taxes might seem complicated, but they're a way we all contribute to making Canada a great place to live. Taxes are your opportunity to improve your country.

Online banking lets you manage your money from your computer or phone. You can check your balance, pay bills, and even send money to friends and family. It's super convenient and can save you a trip to the bank. Just make sure you keep your information safe and use strong passwords! Remember, sharing is caring! With your information that is! Be diligent and never share your passwords with anyone.