Best Place to Exchange Money in Toronto

01Exchange

Where to change money in Toronto

Downtown, the specialist bureau is Calforex, inside the Eaton Centre; a second branch lies north of the city at Vaughan Mills. Pearson's counters are covered below, and Billy Bishop has none.

• Calforex, Eaton Centre (220 Yonge Street) ↗On Level 1 at the Queen Street doors, beside Shoppers Drug Mart, and reached from Queen or Dundas subway stations or the PATH. Hours: Monday to Saturday 10am to 9pm, Sunday 11am to 7pm, though the mall's holiday hours take precedence.
• Calforex, Vaughan Mills (1 Bass Pro Mills Drive, Vaughan) ↗Unit 120, between Bass Pro Shop and Tim Hortons near Entrance 1, with the same hours. Useful mainly if you are driving or staying in the northern suburbs.

02On arrival

Changing money at the airport

Pearson's guide of 8 January 2026 names ICE and CIBC as its currency partners, with ten ICE and four CIBC counters across Terminals 1 and 3, on both sides of security. Arriving, look for ICE's landside counters on Level 1: by door C in Terminal 1 (6am to 10pm) and facing Tim Hortons in Terminal 3 (7am to 11pm), as listed on 2 October 2026. Pearson also lists an ICE booth with an ATM in the Terminal 1 international baggage hall, open 6am to midnight. ICE adds a flat commission per transaction, shown on the receipt; CIBC charges nothing beyond its rate but limits people without a CIBC account to C$2,999 a time. Paying by credit card at a counter may bring an issuer fee. Billy Bishop (YTZ) has no exchange desk.

03Cash machines and cards

ATMs and cards in Toronto

Pearson has more than 30 cash machines, so withdrawing Canadian dollars on arrival is easy; compare your bank's foreign withdrawal charge with ICE's commission first. Flying into Billy Bishop, bring some Canadian cash or a card that works abroad.

04Getting around

Paying for transport in Toronto

On TTC buses, streetcars and the subway, an adult fare is C$3.30 if you tap a contactless debit or credit card, phone or PRESTO card, and C$3.35 in cash. A tap opens a two-hour window of free onward TTC rides; cash fares get no transfer. Under-13s travel free. Monthly fare capping started on 1 September 2026: once you have paid for 47 trips in one calendar month, the rest of it is free, provided every tap comes from the same card or device (a plastic card and that card held in a phone wallet count separately).

UP Express trains reach Union Station from Pearson in 28 minutes. A paper or online adult single costs C$12.35, while tapping a credit card, debit card or phone wallet on the PRESTO reader charges the adult PRESTO fare of C$9.25. Tap off with the same card, as a different one counts as a second trip. From Billy Bishop, a free shuttle runs about every 15 minutes to 44 York Street, beside the Fairmont Royal York and opposite Union Station.

05Local know-how

Good to know

• Ontario's Harmonized Sales Tax is 13%, and in Canada it is normally added at the till rather than built into the price on the shelf or menu.
• Toronto's Municipal Accommodation Tax on hotel rooms returned to 6% when a temporary 8.5% rate ended on 1 August 2026. It covers any stay of at least four hours, and HST is charged on the MAT as well as on the room.