I love vinyl, but I am terrified of it. Terrified of using it because it is way more expensive than some of the other mediums that can be used. When Lu, came to visit me last month, she set out to cure me of my fear, using contact paper instead. I fell in love, it is a simple, cheaper way of making crafts.
Either a stencil and X-acto knife or a craft cutter like a Silhouette
Before you apply the contact paper to your canvas you will need to decide what colors you want it to be. If you want white letters, you can skip painting the canvas, if you want another colors letters you need to paint the entire canvas that color before you apply your contact paper letters.