{"id":21368,"date":"2026-10-12T04:59:10","date_gmt":"2026-10-12T03:59:10","guid":{"rendered":"https:\/\/metalsradar.com\/tax-on-gold-canada\/"},"modified":"2026-10-12T16:27:48","modified_gmt":"2026-10-12T15:27:48","slug":"tax-on-gold-canada","status":"publish","type":"page","link":"https:\/\/metalsradar.com\/ca\/tax-on-gold-canada\/","title":{"rendered":"Tax on gold in Canada: GST\/HST and capital gains calculator"},"content":{"rendered":"<div class=\"tx-page\"><h1>Tax on gold in Canada: GST\/HST and capital gains calculator<\/h1><p class=\"tx-lead\">Gold and platinum of at least 99.5% and silver of at least 99.9% carry no GST\/HST in Canada; palladium and lower purity metal are taxable. When you sell, half of the capital gain is added to your income. The calculator shows both for individuals.<\/p><script type=\"application\/json\" id=\"tx-data\">{\"mk\":\"ca\",\"locale\":\"en-CA\",\"cur\":\"CAD\",\"buy\":{\"tax_name\":\"GST\/HST\",\"inv_title\":\"No GST\/HST: precious metal\",\"inv_text\":\"A sale of precious metal is a financial service and generally exempt from GST\/HST (Excise Tax Act s.123; CRA Memorandum 17-1).\",\"inv_src\":[\"CRA GST\/HST Memorandum 17-1\",\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/publications\/17-1\/definition-financial-instrument.html\"],\"std_title_na\":\"GST\/HST applies; the rate depends on your province\",\"std_text\":\"Metal that is not precious metal under the Act, including palladium and lower purity coins, is taxable: 5% GST, or 13% HST in Ontario, 14% in Nova Scotia and 15% in New Brunswick, Newfoundland and Labrador and PEI. Some provinces add PST or QST.\",\"std_src\":[\"CRA: GST\/HST rates by province\",\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/gst-hst-businesses\/charge-collect-which-rate\/calculator.html\"],\"metals\":{\"gold\":{\"inv\":{\"bar\":995,\"coin\":995},\"rate\":null},\"silver\":{\"inv\":{\"bar\":999,\"coin\":999},\"rate\":null},\"platinum\":{\"inv\":{\"bar\":995,\"coin\":995},\"rate\":null},\"palladium\":{\"inv\":null,\"rate\":null}}},\"sell\":{\"type\":\"ca\",\"inclusion\":50,\"rate_label\":\"Your combined marginal tax rate (federal + provincial)\",\"rates\":[[20,\"20%\"],[25,\"25%\"],[30,\"30%\"],[35,\"35%\"],[40,\"40%\"],[45,\"45%\"],[50,\"50%\"],[54,\"54%\"]],\"rate_default\":30,\"rate_hint\":\"Half of a capital gain is taxable (inclusion rate 50%; the planned increase to two thirds was cancelled in 2025). Find your combined rate for your province and income.\",\"src\":[\"Department of Finance: capital gains inclusion rate\",\"https:\/\/www.canada.ca\/en\/department-finance\/services\/publications\/federal-tax-expenditures\/2026\/part-2.html\"],\"t\":{\"rule\":\"Half of a capital gain on gold, silver, platinum or palladium is added to your income and taxed at your marginal rate. There is no holding period exemption.\",\"tax\":\"Tax at {rate}% on half the gain\",\"tax_text\":\"Gain = proceeds minus adjusted cost base and selling costs. Report it on Schedule 3. If you buy and sell often, the CRA can treat the profit as business income, taxed in full.\",\"loss\":\"A capital loss: no tax on this sale, and half of the loss can offset taxable capital gains.\"}},\"ui\":{\"no_tax\":\"No {tax}\",\"add_dates\":\"Add the purchase date\",\"add_sell\":\"Add the sale price\",\"source\":\"Source\",\"res_buy\":\"When you buy\",\"res_sell\":\"When you sell\",\"vat_in_price\":\"{rate}% {tax} included in the price\",\"net_of\":\"Price without it: {net}.\",\"not_inv\":\"Below the {min} fineness needed for the exemption.\",\"today\":\"today\",\"bad_dates\":\"The sale date is before the purchase date.\",\"no_gain\":\"No gain, so no tax on this sale\",\"need_sell\":\"Enter the sale price to estimate the tax\",\"gain\":\"Gain\",\"loss_l\":\"Loss\",\"taxable_gain\":\"Taxable gain\",\"tax_est\":\"Estimated tax\",\"after_tax\":\"You keep\",\"sale_on\":\"Sale date used: {date}.\"},\"products\":[{\"t\":\"1 oz Maple Leaf Silver Coin\",\"m\":\"silver\",\"f\":999.9,\"p\":89.1,\"u\":\"https:\/\/metalsradar.com\/ca\/product\/1-oz-maple-leaf-silver-coin\/\"},{\"t\":\"1 oz Krugerrand Silver Coin\",\"m\":\"silver\",\"f\":999,\"p\":91.71,\"u\":\"https:\/\/metalsradar.com\/ca\/product\/1-oz-krugerrand-silver-coin\/\"},{\"t\":\"1 oz American Eagle Silver Coin\",\"m\":\"silver\",\"f\":999,\"p\":93.06,\"u\":\"https:\/\/metalsradar.com\/ca\/product\/1-oz-american-eagle-silver-coin\/\"},{\"t\":\"1 oz Kangaroo Silver Coin\",\"m\":\"silver\",\"f\":999.9,\"p\":93.13,\"u\":\"https:\/\/metalsradar.com\/ca\/product\/1-oz-kangaroo-silver-coin\/\"},{\"t\":\"1 oz Britannia Silver Coin\",\"m\":\"silver\",\"f\":999,\"p\":93.46,\"u\":\"https:\/\/metalsradar.com\/ca\/product\/1-oz-britannia-silver-coin\/\"}]}<\/script><section class=\"gira-tool tx-tool\" id=\"calculator\" aria-labelledby=\"tx-h\"><div class=\"sechead tx-head\"><div><h2 id=\"tx-h\">Gold and silver tax calculator<\/h2><p class=\"sub\">Enter what you bought and, if you like, what you sell it for. You get the VAT or GST in the price and an estimate of the tax on the sale.<\/p><\/div><div class=\"tx-mkbar\"><span class=\"tx-mkcur\">\ud83c\udde8\ud83c\udde6 Canada<\/span><details class=\"tx-mk\"><summary>Other country \u203a<\/summary><ul class=\"tx-mklist\" aria-label=\"Country\"><li><a href=\"https:\/\/metalsradar.com\/pl\/podatek-od-zlota\/\" hreflang=\"pl\">\ud83c\uddf5\ud83c\uddf1 Polska<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/de\/gold-steuer-rechner\/\" hreflang=\"de\">\ud83c\udde9\ud83c\uddea Deutschland<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/es\/impuestos-oro\/\" hreflang=\"es\">\ud83c\uddea\ud83c\uddf8 Espa\u00f1a<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/gb\/capital-gains-tax-on-gold\/\" hreflang=\"gb\">\ud83c\uddec\ud83c\udde7 United Kingdom<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/en\/tax-on-gold\/\" hreflang=\"en\">\ud83c\uddfa\ud83c\uddf8 United States<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/au\/tax-on-gold-australia\/\" hreflang=\"au\">\ud83c\udde6\ud83c\uddfa Australia<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/in\/tax-on-gold-india\/\" hreflang=\"in\">\ud83c\uddee\ud83c\uddf3 India<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/sg\/gst-on-gold-singapore\/\" hreflang=\"sg\">\ud83c\uddf8\ud83c\uddec Singapore<\/a><\/li><li><a href=\"https:\/\/metalsradar.com\/ae\/vat-on-gold-uae\/\" hreflang=\"ae\">\ud83c\udde6\ud83c\uddea United Arab Emirates<\/a><\/li><\/ul><\/details><\/div><\/div><div class=\"tx-grid\"><form class=\"panel tx-form\" novalidate onsubmit=\"return false\"><div class=\"tx-step\"><h3 class=\"tx-sh\"><span class=\"tx-n\" aria-hidden=\"true\">1<\/span>What you buy<\/h3><div class=\"gt-f tx-prod\"><label for=\"tx-prod\">Product from our price comparison<\/label><select id=\"tx-prod\"><option value=\"\">Choose a coin (optional)<\/option><option value=\"0\">1 oz Maple Leaf Silver Coin<\/option><option value=\"1\">1 oz Krugerrand Silver Coin<\/option><option value=\"2\">1 oz American Eagle Silver Coin<\/option><option value=\"3\">1 oz Kangaroo Silver Coin<\/option><option value=\"4\">1 oz Britannia Silver Coin<\/option><\/select><\/div><fieldset class=\"tx-fs\"><legend>Metal<\/legend><div class=\"tx-segs\"><label class=\"tx-seg\"><input type=\"radio\" name=\"tx-metal\" value=\"gold\" checked><span>Gold<\/span><\/label><label class=\"tx-seg\"><input type=\"radio\" name=\"tx-metal\" value=\"silver\"><span>Silver<\/span><\/label><label class=\"tx-seg\"><input type=\"radio\" name=\"tx-metal\" value=\"platinum\"><span>Platinum<\/span><\/label><label class=\"tx-seg\"><input type=\"radio\" name=\"tx-metal\" value=\"palladium\"><span>Palladium<\/span><\/label><\/div><\/fieldset><fieldset class=\"tx-fs\"><legend>Form<\/legend><div class=\"tx-segs\"><label class=\"tx-seg\"><input type=\"radio\" name=\"tx-form\" value=\"coin\" checked><span>Coin<\/span><\/label><label class=\"tx-seg\"><input type=\"radio\" name=\"tx-form\" value=\"bar\"><span>Bar or wafer<\/span><\/label><\/div><\/fieldset><div class=\"tx-row2\"><div class=\"gt-f\"><div class=\"tx-lr\"><label for=\"tx-fin\">Fineness (per mille)<\/label><button type=\"button\" class=\"tx-i\" aria-expanded=\"false\" aria-controls=\"tx-fin-hint\" title=\"What counts as investment metal?\"><span aria-hidden=\"true\">i<\/span><span class=\"tx-sr\">What counts as investment metal?<\/span><\/button><\/div><select id=\"tx-fin\"><option value=\"999.9\" selected>999.9<\/option><option value=\"999\">999<\/option><option value=\"995\">995<\/option><option value=\"990\">990<\/option><option value=\"916.7\">916.7<\/option><option value=\"900\">900<\/option><option value=\"0\">Lower<\/option><\/select><\/div><div class=\"gt-f\"><label for=\"tx-buy\">Purchase price<\/label><div class=\"gt-in tx-cur\"><span aria-hidden=\"true\">C$<\/span><input id=\"tx-buy\" type=\"number\" inputmode=\"decimal\" min=\"0\" step=\"any\" value=\"10000\"><\/div><\/div><\/div><p class=\"tx-hint\" id=\"tx-fin-hint\" hidden>Precious metal under the Excise Tax Act: a bar, ingot, coin or wafer of gold or platinum refined to at least 99.5%, or silver to at least 99.9%. Coins must be issued by a government (for example Maple Leaf). A 91.67% Krugerrand or a 90% silver coin is taxable.<\/p><\/div><div class=\"tx-step tx-step2\"><h3 class=\"tx-sh\"><button type=\"button\" class=\"tx-tog\" aria-expanded=\"false\" aria-controls=\"tx-s2\"><span class=\"tx-n\" aria-hidden=\"true\">2<\/span><span>When you sell <small>(optional)<\/small><\/span><i class=\"tx-chev\" aria-hidden=\"true\"><\/i><\/button><\/h3><div id=\"tx-s2\" class=\"tx-s2\" hidden><div class=\"tx-row2\"><div class=\"gt-f\"><label for=\"tx-bdate\">Purchase date<\/label><input id=\"tx-bdate\" type=\"date\"><\/div><div class=\"gt-f\"><label for=\"tx-sdate\">Sale date <small>(empty = today)<\/small><\/label><input id=\"tx-sdate\" type=\"date\"><\/div><div class=\"gt-f\"><label for=\"tx-sell\">Sale price<\/label><div class=\"gt-in tx-cur\"><span aria-hidden=\"true\">C$<\/span><input id=\"tx-sell\" type=\"number\" inputmode=\"decimal\" min=\"0\" step=\"any\"><\/div><\/div><div class=\"gt-f tx-rate\"><label for=\"tx-rate\">Your combined marginal tax rate (federal + provincial)<\/label><select id=\"tx-rate\"><option value=\"20\">20%<\/option><option value=\"25\">25%<\/option><option value=\"30\" selected>30%<\/option><option value=\"35\">35%<\/option><option value=\"40\">40%<\/option><option value=\"45\">45%<\/option><option value=\"50\">50%<\/option><option value=\"54\">54%<\/option><\/select><\/div><\/div><\/div><\/div><\/form><aside class=\"panel tx-card\" aria-labelledby=\"tx-rh\"><h3 class=\"tx-ch\" id=\"tx-rh\">Your result<\/h3><div class=\"tx-out\" aria-live=\"polite\"><noscript><p class=\"gt-hint\">The calculator needs JavaScript. The rules are listed below.<\/p><\/noscript><\/div><details class=\"tx-how\"><summary>How this is calculated<\/summary><div class=\"tx-how-b\"><\/div><\/details><p class=\"gt-foot\">This is not tax advice. For individuals, not businesses or traders. Check your case with a tax adviser or the tax office. Rules checked on 12 Oct 2026.<\/p><\/aside><\/div><\/section><h2 id=\"rules\">Canadian rules for individuals<\/h2><div class=\"tx-rules\"><div class=\"tx-rc\"><h3>When you buy<\/h3><ul><li><strong>No GST\/HST on precious metal:<\/strong> bars, ingots, coins or wafers of gold or platinum of at least 99.5% and silver of at least 99.9% (Excise Tax Act s.123).<\/li><li><strong>Taxable:<\/strong> palladium, jewellery and lower purity coins, at 5% GST or 13% to 15% HST depending on the province.<\/li><\/ul><\/div><div class=\"tx-rc\"><h3>When you sell<\/h3><ul><li><strong>Capital gain:<\/strong> proceeds minus adjusted cost base and selling costs.<\/li><li><strong>Inclusion rate 50%:<\/strong> half the gain is added to your income and taxed at your combined federal and provincial rate.<\/li><li><strong>Business income:<\/strong> frequent trading can make the whole profit taxable as income.<\/li><\/ul><\/div><\/div><p class=\"tx-src\"><strong>Official sources:<\/strong> <a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/E-15\/section-123.html\" rel=\"noopener\" target=\"_blank\">Excise Tax Act s.123 (precious metal)<\/a> \u00b7 <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/publications\/17-1\/definition-financial-instrument.html\" rel=\"noopener\" target=\"_blank\">CRA GST\/HST Memorandum 17-1<\/a> \u00b7 <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/gst-hst-businesses\/charge-collect-which-rate\/calculator.html\" rel=\"noopener\" target=\"_blank\">CRA: GST\/HST rates by province<\/a> \u00b7 <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/services\/publications\/federal-tax-expenditures\/2026\/part-2.html\" rel=\"noopener\" target=\"_blank\">Department of Finance: capital gains inclusion rate<\/a>. Rules checked on 12 Oct 2026.<\/p><p class=\"tx-cmp\"><a class=\"btn\" href=\"https:\/\/metalsradar.com\/ca\/categories\/gold-coins\/\">Compare gold coin prices \u203a<\/a><\/p><section class=\"mrf-faq\" id=\"faq\"><h2>FAQ<\/h2><div class=\"faq-list\"><details open><summary><h3>Is there GST\/HST on gold in Canada?<\/h3><\/summary><div class=\"a\"><p>Not on gold bars, wafers and coins of at least 99.5% purity, such as the Gold Maple Leaf. A 22 karat coin like the Krugerrand is taxable.<\/p>\n<\/div><\/details><details><summary><h3>Is there GST\/HST on silver?<\/h3><\/summary><div class=\"a\"><p>Not on silver of at least 99.9% purity in bar, ingot, coin or wafer form. Lower purity silver, such as 90% coins, is taxable.<\/p>\n<\/div><\/details><details><summary><h3>How is the gain on gold taxed in Canada?<\/h3><\/summary><div class=\"a\"><p>As a capital gain: half of it is added to your income and taxed at your marginal rate. Frequent trading can make it business income instead.<\/p>\n<\/div><\/details><details><summary><h3>Did the capital gains inclusion rate go up?<\/h3><\/summary><div class=\"a\"><p>No. The planned increase to two thirds was cancelled in 2025, so the inclusion rate for individuals stays at 50%.<\/p>\n<\/div><\/details><\/div><\/section><p class=\"tx-disc\">metalsradar.com compares precious metals prices and does not sell metal. This page explains the general rules for private individuals and is not tax advice. Your tax depends on your whole situation, so check it with a tax adviser or the tax office before you buy or sell.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"hide","_kad_post_layout":"normal","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"class_list":["post-21368","page","type-page","status-publish","hentry"],"taxonomy_info":[],"featured_image_src_large":false,"author_info":{"display_name":"Admin","author_link":"https:\/\/metalsradar.com\/ca\/"},"comment_info":0,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages\/21368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/comments?post=21368"}],"version-history":[{"count":1,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages\/21368\/revisions"}],"predecessor-version":[{"id":21627,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages\/21368\/revisions\/21627"}],"wp:attachment":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/media?parent=21368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}