The 5 cents and 10 cents denominations of Canadian Tire money

Canadian Tire "money" (CTM) is a loyalty program by Canadian Tire. It consists of coupons, issued by the company, which resemble real currency (although the coupons are considerably smaller than Bank of Canada notes), and can be used as scrip in Canadian Tire stores. The notes are printed on paper similar to real Canadian currency, and were jointly produced by two of the country’s long established security printers, British American Banknote Company (BABN) and Canadian Bank Note Company (CBN).^[1] In fact, some privately owned businesses (in Canada) accept CTM as payment (see history below), since the owners of many such businesses shop at Canadian Tire. Wikipedia does not have an article with this exact name. ... Wikipedia does not have an article with this exact name. ... This article or section does not adequately cite its references or sources. ... Canadian Tire (TSX: CTC CTC.a, CTC) is one of Canadas 35 largest publicly traded companies and operates an inter-related network of businesses engaged in retailing, financial services and petroleum. ... Headquarters Ottawa, Ontario ,Canada Established 1935 Governor David A. Dodge Central Bank of Canada Currency Canadian dollar ISO 4217 Code CAD Website www. ... Scrip is any substitute for currency which is not legal tender, and is often a form of credit. ... ISO 4217 Code CAD User(s) Canada Inflation 2. ...

History and dynamics

CTM was introduced in 1958, and was inspired by Muriel Billes, the wife of Canadian Tire's co-founder and first president, A.J. Billes, as a response to the promotional giveaways that many gas companies offered at the time. It was only available at Canadian Tire gas bars, but was so successful that in 1961 it was extended to the retail stores as well, and has become the most successful loyalty program in Canadian retail history.^[1] Year 1958 (MCMLVIII) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... This article or section does not adequately cite its references or sources. ...

Canadian Tire money is given out for purchases paid for by cash or debit, based on the pre-tax total. The amount given is not based on a specific percentage, but on a tiered system (the amount increases by 10 cents for every $7.30 you spend). Customers can use Canadian Tire money to buy anything in the store. (Older CTM coupons state that they are redeemable at Canadian Tire stores and gas stations, however CTM coupons produced during at least the last 15 years lack this wording and are therefore redeemable in the stores only.) Modern gas station A filling station, gas station or petrol station is a facility that sells fuel for road motor vehicles – usually petrol (US: gas/gasoline), diesel fuel and LPG. The term gas station is mostly particular to the United States of America and Canada, where petrol is known...

The "money" can also be used to cover the sales tax on the purchases, since it is accepted as cash after the taxes are calculated. Also, even if a purchase was made entirely in CTM, it is also considered as a cash purchase and more CTM will be calculated and paid out. A sales tax is a consumption tax charged at the point of purchase for certain goods and services. ...

In Ontario the Retail Sales Tax law and Bulletins stated that the "Coupon must be reimbursed by the franchisee". By submitting them to other merchants, the merchants were in essence breaking Ontario law when they failed to include the discount in the value of the goods being calculated for being taxed. Some merchants were accepting CTM as a discount, but then were not calculating and remitting the sales taxes, as required by law, and then were getting fined for the practice. Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Capital Toronto Largest city Toronto Official languages English Government - Lieutenant-Governor James K. Bartleman - Premier Dalton McGuinty (Liberal) Federal representation in Canadian Parliament - House seats 106 - Senate seats 24 Confederation July 1, 1867 (1st) Area [1] Ranked...

For this reason, among others, another loyalty programme provided in the 1960s, S&H Green Stamps, was terminated within the province. S&H Green Stamps (also called Green Shield Stamps) were a form of trading stamps popular in the United States between the 1930s and early 1980s. ...

Denominations

In 1958, five different denominations (composed of 5-cents, 10-cents, 25-cents, 50-cents, and $1) were issued. The revision of 1962 included the introduction of four lower values (1 to 4 cents), and 12 higher denominations, including 35 and 60 cents. A sequence of six denominations was introduced in 1985 including the 3-cents, 5-cents, 10-cents, 25-cents, 50-cents, and $1. A $2 note was added in 1989, and the 3 cents was dropped in 1991.^[2]

CTM coupons are currently produced in 5-cent, 10-cent, 25-cent, 50-cent, one-dollar, and two-dollar denominations. In addition, Canadian Tire money can now be earned electronically on Canadian Tire credit cards and the Canadian Tire Options MasterCard. The latter can be used wherever MasterCard is accepted and earns Canadian Tire money no matter where it is used to make a purchase at a rate of 1%. As of July 12th 2006 Cardholders no longer receive a bonus for using the Canadian Tire Card or Canadian Tire Options MasterCard at Canadian Tire Associate Stores. Before this change cardholders would receive 20% more CTM than they would by paying cash, now they earn the same amount as if it were cash or debit, however there are now many more incentives for card members. Many customers find this to be a more convenient means of storing Canadian Tire money. CTM is treated as real currency by the franchise and can not be directly exchanged for real Canadian currency for customers. If an item bought with Canadian Tire Money is returned the customer receives either Canadian Tire Money back or is given the amount on a Gift Card. Look up credit card in Wiktionary, the free dictionary. ... Canadian Tire Financial Services is the credit arm of Canadian Tire. ... MasterCard Worldwide (NYSE: MA) is a membership organization owned by the 25,000+ financial institutions that issue its card. ...

Facts and Figures

• In late 2004 in Moncton, New Brunswick, several customers at a Canadian Imperial Bank of Commerce ATM were dispensed a total of 11 bills of Canadian Tire money instead of real bills. They were compensated by the bank.^[3]
• Contrary to popular belief, the man on the "money" is not Canada's first Prime Minister Sir John A. Macdonald; he is actually a fictional creation named Sandy McTire.^[1]
• Canadian Tire money is the main topic of the song "La Chute du huard" (Loonie's fall) by Quebec singer Mononc' Serge, the lyrics claiming it is more stable and a better investment than the canadian dollar.
• Culturally, Canadian Tire money is sometimes referenced by comedians: perhaps as a national version of "Monopoly money", perhaps invoking a pejorative comparison of the value of Canadian dollars against U.S. dollars (currency of a dominant Canadian trading partner), or perhaps as a misunderstood exotic element of Canadian society (cf. Ron James' comedic reference to the person depicted on the bill as "our king").
• Canadian Tire money is one of 12 forms of payment explicitly listed as allowed for use by sellers on the Canadian version of the online auction site eBay.^[4]
• In the mid 1990s, a man in Germany was caught with up to C$11,000,000 in counterfeit Canadian Tire money. It was recovered before he left for Canada to redeem it.^[5]

Moncton (46°6′ N 64°46′ W) is the second largest city in the Canadian province of New Brunswick and is at the heart of the fastest growing urban area in the province. ... The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, also French: Banque Canadienne Impériale de Commerce, is Canadas fifth largest bank with over 1,100 branches across Canada and over 38,500 employees is primarily marketed as CIBC. CIBC and its subsidiaries Amicus Bank and Presidents... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... Regions Political culture Foreign relations Other countries Atlas  Politics Portal      The Prime Minister of Canada (French: Premier ministre du Canada), is the Minister of the Crown who is head of the Government of Canada. ... Sir John Alexander Macdonald, GCB, KCMG, PC, QC, DCL, LL.D was born on January 11, 1815 in Glasgow, Scotland. ... , Motto: Je me souviens (French: I remember) Capital Quebec City Largest city Montreal Official languages French Government - Lieutenant-Governor Pierre Duchesne - Premier Jean Charest (PLQ) Federal representation in Canadian Parliament - House seats 75 - Senate seats 24 Confederation July 1, 1867 (1st) Area  Ranked 2nd - Total 1,542,056 km² (595... Mononc Serge (Serge Robert) is a Quebecois musician best known for his irreverent songs making fun of local celebrities and politicians. ... eBay headquarters in San Jose eBay North First Street satellite office campus (home to PayPal) eBay Inc. ...

References

The Canadian Broadcasting Corporation (CBC), a Canadian crown corporation, is the country’s national public radio and television broadcaster. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 336th day of the year (337th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 165th day of the year (166th in leap years) in the Gregorian calendar. ... eBay headquarters in San Jose eBay North First Street satellite office campus (home to PayPal) eBay Inc. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 165th day of the year (166th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 355th day of the year (356th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 165th day of the year (166th in leap years) in the Gregorian calendar. ...

See also

• Canadian Tire Financial Services
• Loyalty program
• Numismatics
• Banknote

Canadian Tire Financial Services is the credit arm of Canadian Tire. ... This article or section does not adequately cite its references or sources. ... Numismatics is the scientific study of currency and its history in all its varied forms. ... A £20 Bank of England banknote. ...

External links

• Canadian Tire 'Money' — History, on the Canadian Tire website.
• Canadian Tire Currency — Canadian Tire Currency Picture Catalogue Index, 1958–2003 Issues
• Ontario Retail Sales Tax Guide 511
• The official website of the Canadian Tire Coupon Collectors Club
• Alberta liquor store accepts Canadian Tire money

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