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10 Cents 1996, 150 years of Canadian confederation, Canada

no number in katalog -
Years of issue: 30.06.2017
Edition: 2 330 000
Signatures: Executive Vice President: Dean McCann, President and chief executive officer: Stephen G. Wetmore
Serie: Canadian Tire
Specimen of: 2017
Material: 50% high grade flax, 50% cotton
Size (mm): 143 х 68
Printer: Canadian Bank Note Company Limited, Ottawa

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** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

10 Cents 1996, 150 years of Canadian confederation

Description

Watermark:

Sandy McTire

The logos of "Canadian Tire" and maple leafs.

Avers:

10 Cents 1996, 150 years of Canadian confederation

The front has six maple leaves in gold foil, each with several Canadian Tire logos embossed on them along with the 10¢ denomination. It also has a gold foil denomination in the top left corner along with a gold foil triangle logo on the bottom left. In the top left corner there is a band of beige with close to one hundred CTC logos. The right side shows a beige banner with the same CTC logos, CANADA 150 and the Sandy McTire vignette.

Mount Robson Mount Robson Mount Robson

Centered, on background, is the mount Robson.

Mount Robson is the most prominent mountain in North America's Rocky Mountain range; it is also the highest point in the Canadian Rockies. The mountain is located entirely within Mount Robson Provincial Park of British Columbia, and is part of the Rainbow Range. Mount Robson is the second highest peak entirely in British Columbia, behind Mount Waddington in the Coast Range. The south face of Mount Robson is clearly visible from the Yellowhead Highway (Highway 16), and is commonly photographed along this route.

Mount Robson was likely named after Colin Robertson, who worked for both the North West Company and the Hudson’s Bay Company at various times in the early 19th century, though there was confusion over the name as many assumed it to have been named for John Robson, an early premier of British Columbia. The Texqakallt, a Secwepemc people and the earliest inhabitants of the area, call it Yuh-hai-has-kun, The Mountain of the Spiral Road. Other unofficial names include Cloud Cap Mountain.

Sandy McTireThe engraving of Sandy McTire, prepared for Canadian Tire cash coupons.

Canadian Tire money (CTM) is a loyalty program by Canadian Tire. It consists of coupons, issued by the company, which resemble the real currency before the introduction of the polymer bills (although the coupons are considerably smaller than Bank of Canada notes), and can be used as scrip in Canadian Tire stores, but is not considered a private currency. 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). Some privately owned businesses in Canada accept CTM as payment (see history below), since the owners of many such businesses shop at Canadian Tire. In Canadian Tire stores, dollars are accepted for Canadian dollars at par.

Arguably the most recognizable facet 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 and a stylized waxed moustache. He is based on no specific individual but is assumed to represent a thrifty Scotsman, the 1950s everyman of blue-collar Canada.

It was introduced in 1958, and was inspired by Muriel Billes, the wife of Canadian Tire's co-founder and first president, Alfred 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. The print on the 'notes' officially refers to them as cash bonus coupons.

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. The coupon rate earned was initially 5% of the eligible purchase price but was subsequently lowered to 3%, then to 1.4%, and now is 0.5% according to customer service in August 2014[citation needed]. Customers can use Canadian Tire Money to buy anything in the store. (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 Ontario, the 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 discount, 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.

In 2012, Canadian Tire began a pilot program to make their money "plastic", to make it into a more manageable and trackable loyalty program. The new plastic loyalty card can earn points at more than twice the rate of the traditional paper money. According to customer service in August 2014 the rate on purchases made with the Canadian Tire "Options" card on in-store products is approximately 1.3% but can be rounded down. The reward rate for purchases at other stores is 1%.

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, 40-cents, 50-cents, and $1. A $2 note was added in 1989, and the 3 cents was dropped in 1991.

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 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, anywhere in the world. CTM is treated as real currency by the franchise and cannot 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. 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.

On December 2, 2009, as part of an advertised deal, Canadian Tire had handed out the first Canadian Tire coin, redeemable with the purchase of at least 40 dollars of merchandise. Another similar deal followed in 2010 (coinciding with the 2010 Olympic Winter Games), with a three coin winter collection. The coins can be spent in the same manner as conventional CTM.

Denomination is in left top corner.

Revers:

10 Cents 1996, 150 years of Canadian confederation

The back has two ten cent denominations on either side of the familiar CTC logo which is in the middle with the CANADA 150 logo beneath it. There is also a large CTC logo in the background on the left and a stylized map of Canada on the right, formed with micro-printing of the words “CANADIAN TIRE CANADA 150”.

The Canadian Tire logo is used as the background pattern in varying sizes.

Comments:

Commemorative note, issued to 150 years of Canadian confederation.

This coupon was received in Toronto's store of corporation.

Many thanks to Mr. Doug Adams, from London, Ontario, Canada for info regarding this coupon.