Gold Price in Canada

Canada and the Gold Maple Leaf

Canada punches far above its weight in the gold world, largely thanks to the Royal Canadian Mint. Its Gold Maple Leaf, struck in 99.99% pure gold, is one of the most recognised and trusted bullion coins on earth, and the Mint is a benchmark refiner globally. For Canadian investors that means easy access to a deep, well-regulated bullion market, priced as the live spot rate plus a premium.

As in the US, jewelry is generally sold as a finished piece rather than by live per-gram weight, while scrap and resale are valued by weight and karat.

Karats and jewelry

Canadian jewelry follows the North American pattern: 14K and 18K are the mainstays, with 10K for budget and heavy-wear items. Hallmarking is not legally compulsory, so pieces carry a karat quality mark and often the maker's trademark rather than a government assay stamp.

Tax on gold in Canada

Tax treatment rewards investors: investment-grade gold — bars and coins of at least 99.5% purity — is exempt from GST/HST, which is why bullion is the tax-efficient way to hold physical gold in Canada. Jewelry, being below that purity, is subject to the normal federal and provincial sales taxes, which vary by province.