Buying Gold and Silver in Canada
Canada lies in the northern part of North America, being the world’s second largest country by total area and fourth largest by land area. Also, the world’s longest land border is the border between Canada and USA. Most of the time, the majority of the country experiences a cold or severely cold weather, except for the southern areas where it is slightly warmer in summer. Canada's capital is Ottawa and some of its major cities are Toronto, Montreal, and Vancouver.
Canada is the tenth largest economy in the world by nominal per capita income and fifteenth largest economy by PPP. Canadians are one of the wealthiest nations in the world. The major contributor to the Canadian economy is the service industry and it employs about three-quarters of the Canadian population. The Central Canada has given rise to an impressive manufacturing sector with a sizeable automobile and aircraft industry. Logging and oil industries also dominate the country's economy. Besides, Canada has the eighth largest commercial and shipping industry on the globe and a leading entertainment software industry.
Canadians love to invest in precious metal bullion, as some of the international best-selling bullion products are minted by the Royal Canadian Mint - the Gold and Silver Canadian Maple Leaf, Birds of Prey Series, Gold Lunar Coins, Canada the Great coins, as well as the RCM silver bars and gold bars. The bullion sales tax is investor friendly hence the RCM has a large international clientele. Canada also hosts many coin shows happening every year and these expos are regarded as some of the best places for numismatists to buy, sell, and trade coins.
Commodity & Futures Markets in Canada:
The company is owned by the TMX group of Toronto and is located in Montreal. Montreal Exchange is a derivative exchange that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, the company is located in Montreal’s third largest building - the Tour de la Bourse.
Coin Shows in Canada:
Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. Canada hosts several great numismatic events which shall be attended by collectors and dealers from all around the globe. If you are planning to visit Canada soon, or if you want to see some coin shows outside the US, take a look at the most popular Canadian coin shows listed below.
This is one of the most prestigious coin shows in Canada and is a three-day event which features both coins and stamps. The show debuted in 1981, and the tradition is being followed each year. It attracts more than 1000 visitors yearly. The show takes place in a 6400 square feet space and forgathers around 55 dealers from all over the country. Numismatists can buy, sell, or exchange coins and stamps or get a price estimation of their collections. There is an entrance fee of $3.00 on Friday and Saturday, but the admission is free on Sunday. There is also free entry for children aged 14 or under. The show hours are Friday 10 AM to 5 PM, Saturday 10 AM to 5 PM, and Sunday: 10 AM to 4 PM.
This coin expo is one of Canada’s premier coin and bank note collectible shows. This 2-day event is one of the best platforms to buy, sell, and exchange coins and banknotes for both expert numismatists and amateurs. The first attendants which will pay the admission fee will also get a special keepsake. Several internationally recognized coin dealers will display their vast inventories at this show. The expo also offers educational workshops on Saturday, which are free for both paid admissions and children. The admission fee is $6 but children aged 16 and under have free entry.
This annual show is organized by the Canadian Association of Numismatic Dealers. It will feature dealers from all across Canada, being a great place to buy, sell, and trade coins, currencies, and other collectibles. The show is a 2-day event open on Saturday 10 AM to 5 PM and Sunday 10 AM to 3 PM.
This is one of Canada’s longest running coin shows which has been going on since 1962. This coin show is a wonderful place for numismatists and coin enthusiasts to buy, sell, and exchange coins and currencies. The dealers from across the nation will be setting up booths at this show, displaying a large variety of Canadian coins, ancient coins, world coins, currencies, references books and hobby supplies. This show takes place in summer, winter, and autumn and its timings are Saturdays 10:00 a.m. - 5:00 p.m., Sundays: 10:00 a.m. - 3:00 p.m. The daily admission is $7.00, but it's free for children aged 16 or under.
The show takes place each year in spring and fall. This numismatic event will be held in a 9000 square feet space which will be filled with dealers showcasing their vast inventories of amazing coins and stamps. The admission fee is $3.00 per day and includes parking. Show hours are Saturday 10 a.m. – 5 p.m. and Sunday 10 a.m. – 4 p.m.
Government and Private Mints in Canada:Royal Canadian Mint Address 1: 320 Sussex Drive, Ottawa, Ontario, K1A 0G8, Canada +1 613-993-8990 Address 2: 520 Lagimodière Boulevard, Winnipeg, Manitoba, R2J 3E7, Canada +1 204-984-1144 Address 3: 752 Granville Street, Vancouver, British Columbia, V6Z 1E4, Canada +1 604-681-6772
Royal Canadian Mint is a crown corporation of Canada and it operates under the Royal Canadian Mint Act. All of Canada’s circulation coins are minted at the Royal Canadian Mint. It also produces legal tender coins for several other nations and offers refinery and assay services. Apart from these, the mint also designs and produces precious and base metal collector coins, medals, medallions, tokens and silver, platinum, palladium and gold bullion coins. The mint is renowned for its hi-tech refining and production of bullion bearing special anti-counterfeit features as well as other products of superior quality.Lombardo Mint Inc. 7585 Torbram Road, Unit #1, Mississauga, Ontario, L4T 1H2, Canada +1 905-678-6468, +1 866-678-6468
The mint was established by Orazio Lombardo in 1926. Since then, the Lombardo Mint has grown to an enormous height and today produces high-quality numismatic products that range from tokens, medallions, trade dollars, and many other custom products for various commemorative and corporate events. The facility is 10,000 square foot wide and uses hi-tech equipment, maintaining a high-quality product standard.
International Bullion Depositories in Canada:
When investing in precious metals, safeguarding your valuables is a crucial factor. Sensing the difficulty that investors have in storing and safeguarding their bullion investments, many large precious metal companies offer safe and secure storage solutions in different places around the world. Canada is one of the top spots for investors with large holdings who are looking to spread their investments among several countries. There are many international companies which offer precious metals storage in Canada.
Bullion Exchanges in partnership with several other gold bullion storage companies offers allocated, pool allocated and unallocated storage in Canada in high-tech, secure vaults with top-notch 24/7 control and surveillance. Just contact us and we will provide you the safest and most convenient way to store your precious metals in Canada.International Depository Services of Canada 3300 Caroga Drive Mississauga, Ontario L4V 1L4
Although it's new compared to other depositories in Canada, this is the first full-service LMBA and IIROC approved precious metal depository in this country. International Depository Services of Canada is a great facility which incorporates a technologically advanced security system. The company caters to both Canadian clients as well as international investors. Customers are offered fully segregated and allocated secure storage, and their valuables are fully insured. The company also provides secure personal pick-up & drop-off areas; distribution and fulfillment center for commercial accounts; international shipments and customs assistance, an in-house marketplace for eliminating expensive shipping and insurance costs; perpetual internal audits, as well as annual external audits.Canada Bullion Services Inc. 1140 Sheppard Ave, W. Unit 12 Toronto ON Canada M3K2A2
Canadian Bullion Services is an international precious metal dealer which also offers precious metals storage facilities. The company provides fully segregated storage for reasonable fees. The stored valuables are fully insured. Clients can track their precious metal holdings through their Canadian Bullion Services account.First Canadian Depository 3605 Weston Road Toronto ON, M9L 1V7 Canada
This depository is located in Toronto and is a new addition to INKAS. The company operates in a spacious 65,000 square foot space with a hi-tech security system in place. They offer fully segregated vault facilities to prevent any kind of commingling of one client’s holdings with another. Monthly audits are also provided by the company. Their large client base consists of institutions, commercial companies, brokers, as well as individuals. The services they offer are top-tier vault service for tangible assets, secure bonded warehousing & transportation, secure import/export logistics of high-value tangible assets, and excellent customer support.Malca-Amit 702, 27 Queen St E, Toronto, ON M5C 2M6, Canada +1 416-362-9643
Malca-Amit offers secure storage facilities for precious metals in various international destinations like Hong Kong, London, New York, Shanghai, Singapore, Zurich, Bangkok, and also in Canada. It provides UL Class 2 vaults in Toronto. The vaults feature cutting-edge security and surveillance measures. This precious metals storage facility provides segregated storage, web-based inventory management with real-time updates, as well as global and domestic distribution with full door-to-door service.
Vaults and Bullion Depositories in Canada:
Canada is one of the most economically stable countries in the world, being regarded as a safe place for storing precious metal holdings. Besides international bullion storage options, there are also local companies which offer precious metals vaults where you can securely store your items. So, if you want to buy and store gold in Canada, take a look at the below Canadian vault options.International Private Vaults 120 – 8160 Park Road, Richmond, V6Y 1T1 +1 604-303-9711
The company offers secure storage for both precious metals and other valuables in safety deposit boxes of various sizes, including larger ones. Its highly knowledgeable staff is always eager to help and maintain a complete anonymity to protect the clients' assets. The vaults are protected with the highest security systems and can be accessed by clients 7 days a week.Nova Vaults Charlottetown, Prince Edward Island, C1A 1R6, Canada +1 902-402-1760
The company is one of the initial non-bank storage centers of Canada and also a pioneer in employing automated access and retrieval system. It is one of the most preferred places to store valuables in Canada maintaining a complete anonimity. Nova Vaults has highly advanced security in place to protect all the valuables stored by their clients. Safety deposit boxes of various sizes are available. Customers' holdings are also fully insured and can be accessed 24 hours a day. Clients can have private entry and use the private viewing room. The vaults are fireproof and humidity/climate controlled.Speedy Security Vault 7 Ingram Dr, Toronto, ON M6M 2L7, Canada +1 416-242-8800
Speedy Security Vault makes securing your valuables easy with their highly secure safety deposit boxes available for rent. The vault provides the highest level of security in order to protect all the valuables stored by its clients. The vault has a 3-ton barrier door which is protected by a hi-tech combination lock. The vault floors, ceiling, and walls are all designed and constructed to enhance the protection of the safety deposit boxes. Access is available only after personal identification, by using the biometric hand scanner, customer code entry, and digital photo recognition. The vault is also secured by 24/7 armed personnel, seismic detectors, motion sensors, and passive infrared sensors.
Tax on Precious Metals in Canada:
In Canada, most precious metals are exempted from the Goods and Sales Tax (GST) / Harmonized Services Tax (HST). The precious metals are defined as bars, ingots, coins, or wafers of gold, platinum, and silver. However, the criteria for gold and silver tax exemption is that the products should have at least 99.5% gold purity and 99.9% silver purity. Palladium products are not exempt from the Canadian GST/HST.
Also, bullion coins and bars are liable for a 50% Capital Gains Tax (CGT) when selling these products in Canada. Still, if the purchase value of a precious metal product was under $1000 and it's sold also at a value below $1000, then this product is not liable for a CGT as per the Listed Personal Property rules (LPP).
Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in Canada.
The import duty rate for importing custom coins and collectibles into Canada is 0%. The import GST depends on the province if classified under Antiques, Art & Collectibles>Collectibles>Medals - other material than gold with HS commodity code 9705.00.0000. Also, 14k gold jewelry might attract an import duty at the rate of 6.5%.
Local Gold and Silver Dealers in Canada:1. AAA Stamp Coin Bullion Inc. Address: 809 Fort St., Victoria, BC V8W 1H6 Canada Phone number +1 250-384-1315, +1 250-885-6453 Hours of Operation: Mon to Sat 9 am to 5 pm Services: Retail, Auctions, Wholesale, Buying and Estate Liquidation, Appraisals, and Newsletter. Specialties: US Coins, Dollars, Gold Coins, 20th Century Coins, Early Type, 19th Century Silver Coins, Commemoratives, Modern Coins, Early Copper, Nickel Coinage, Small Cents, Colonial Coins, Territorial Issues, Patterns, Mint Errors, Bullion Coins, Tokens/Medals, World Coins, Currency, and Ancient Coins.
Smelters & Refineries in Canada:
Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. Canada also has numerous plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:Royal Canadian Mint 520 Lagimodière Boulevard, Winnipeg, Manitoba, R2J 3E7, Canada +1 204-984-1144EDI Refining Company 15 Progress Drive - Orillia, ON - L3V 6H1, Canada +1-877-322-8968Refine All Metals Ltd. 359 Canarctic Dr., Downsview, ON, M3J 2P9 +1-800-785-2371General Refining Corporation (GRC Toronto) 18 Strathearn Avenue, Unit #2C, Brampton, ON, L6T 4V6, Canada +1-800-725-1301CNC Gold Refining Inc. 21 Dundas Square, Suite 205, Toronto, Ontario M5B 1B7, Canada +1 416-642-3508, +1 416-642-3600Kitco Inc. 620 Cathcart #900, Montreal, QC, Canada +1 877-775-4826INCO Ltd. 87 Davis St, PO Box 250, Port Colborne, ON L3K 5W2, Canada +1 905-835-6000Imperial Smelting and Refining Co of Canada Ltd. 451 Denison St., Markham ON L3R 1B7, Canada +1 905-475-9566Johnson Matthey Ltd. 130 Glidden Road, Brampton ON L6W 3M8, Canada +1 905-453-6120Technic Inc. #1–3551 Viking Way, Richmond, BC V6V-1W1, Canada +1 604-270-8778Golden West Refining Canada Ltd 1500 Albemi Street, Vancouver, BC V6G 3C9, Canada Lot 30, Callison Estate, Dawnson City, Yukon, Canada +1 604-946-4554Max Gold Refining 7990 Kennedy Road South, Unit 11, Brampton, ON – L6W0A1, Canada +1 905-453-4653Instant Gold Refining 101 – 10277 154 St., Surrey, BC V3R 4J7, Canada +1 604-307-2600