Canadian Tire moneyofficially Canadian Tire 'money'[1] CTM is a loyalty program operated by the Canadian retail chain Canadian Tire. It consists of coupons, issued by the company, which resembles real banknotes.

Vacuum Pump | Canadian Tire

It can be used as scrip in Canadian Tire stores, but is not considered a private currency. In Canadian Tire stores, CTM is accepted for Canadian money at par. A recognizable facet of CTM is the man featured on the face of each bill. According to Canadian Tire representatives, the fictional character represented is referred to as "Sandy McTire" and sports a tam o' shanter and a stylized waxed moustache. He is based on no specific individual but is assumed to represent a thrifty Scotsman, the s everyman of blue-collar Canada.

It was introduced inand was inspired by Muriel Billes, the wife of Canadian Tire's co-founder and first president, Alfred J. Billesas 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, init was extended to the retail stores as well, and has become the most successful loyalty program in Canadian retail history.

Canadian Tire Money is given out for purchases paid for by cash or debit, based on the pre-tax total, excluding labour and shop supplies costs. Older coupons state that they are redeemable at Canadian Tire stores and gas stations ; however, coupons produced during at least the last 15 years lack this wording and are therefore redeemable in the stores only.

It 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 these coupons, it is also considered as a cash purchase and more coupons will be calculated and paid out. In Ontariothe Retail Sales Tax law and Bulletins state 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 Canadian Tire Money as a forex.ee bonus, but then were not calculating and remitting the sales taxes, as required by law, and then were getting fined for the practice; this is an ongoing issue.

InCanadian Tire began a pilot program to make its money "plastic", to make it into a more manageable and trackable loyalty program.

According to customer service in August the rate on purchases made with the Canadian Tire "Options" card on in-store products is approximately 1. National make cash registers serial numbers revision of included the introduction of four lower values 1 to 4 centsand 12 higher denominations, including 35 and 60 cents. CTM coupons are now produced in 5-cent, cent, cent, cent, one-dollar, and two-dollar denominations.

In addition, Canadian Tire Money can be earned electronically on Canadian Tire credit cards such as 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, how is canadian tire money on the card calculated in the world. CTM is treated as real currency by the franchise and cannot be directly exchanged for real Canadian currency iran forex reserves customers.

If an item bought with Canadian Tire Money is returned the customer receives either Canadian Tire Money back or how is canadian tire money on the card calculated given the amount on a gift card. If an item is bought with cash or card and is returned for a refund the customer receives the refund less the value of the CTM issued on the item unless the CTM is also returned.

Another similar deal followed in coinciding with the Olympic Winter Gameswith a three coin winter collection. The coins can be spent in the same manner as conventional CTM. From Wikipedia, the free encyclopedia. Retrieved June 20, Retrieved 6 May Archived from the original on Retrieved 9 January Canadian banknotes and coins. Royal Canadian Mint numismatic coins 20th century Royal Canadian Mint numismatic coins s Royal Canadian Mint numismatic coins s Royal Canadian Mint ice hockey coins Royal Canadian Mint Olympic coins Royal Canadian Mint RCMP coins Silver dollar Gold Maple Leaf Silver Maple Leaf Platinum Maple Leaf Big Maple Leaf Ottawa Mint sovereign.

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Canadian Tire Money Rewards Program

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Canadian tire money

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Canadian Tireand other businesses in Canada. Royal Canadian Mint coin only.