Any snow-covered hill around town can be used for tobogganing. Locals will tell you to visit Cascade Ponds on Minnewanka Road. This site is unsupervised so please have fun, but take care.
For a guaranteed giggle, slip and slide down the slopes of Norquay on an inflated tube.The Real Banff
Toboggans and sleds can be rented or purchased in town if you were unable to fit one into your luggage.
Snow tubing is a whole lot of fun. It is similar to tobogganing, however instead of having to trek to the top of a hill after riding down, a plush towing system will do the hard work for you. As you relax back while being pulled to the top, take in the fresh mountain air and views before hurtling back down again. Tubing is a great activity for all ages, including children over the age of 4 (or 42 inches tall).