A 1 oz silver bar is the smallest standard silver bar most Canadian dealers stock. It holds one troy ounce (31.1 g) of .999 fine silver, which makes it an easy way to buy silver in small, regular amounts. On this page you can compare what Canadian dealers charge for a generic 1 oz silver bar right now, delivered price included.<\/p>\n
A 1 oz silver bar is a thin minted wafer or a small poured bar stamped with its weight, fineness and the refiner’s mark. Dealers in Canada sell several versions:<\/p>\n
All of them carry the same amount of silver. What changes is the finish, the packaging and the premium you pay above the spot price.<\/p>\n
Is a 1 oz bar the right size for you? It suits buyers who:<\/p>\n
If you plan to buy larger amounts, a 10 oz silver bar<\/a> or a 1 kg silver bar<\/a> usually costs less per ounce. If you want a recognized government coin instead, look at the 1 oz Maple Leaf Silver Coin<\/a> from the Royal Canadian Mint.<\/p>\n Silver of at least 99.9% purity counts as a precious metal under Canadian sales tax rules, so a .999 fine 1 oz bar carries no GST\/HST. When you sell at a profit, half of the capital gain is added to your taxable income. Frequent trading can be treated as business income instead, so check the details for your situation. Our guide to tax on gold and silver in Canada<\/a> explains both rules and has a calculator.<\/p>\n Both hold the same weight of silver. The difference is in cost and recognition:<\/p>\nWhat to check before you buy<\/h2>\n
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Tax on silver bars in Canada<\/h2>\n
1 oz silver bar or 1 oz silver coin?<\/h2>\n
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