Do you pay sales tax on Gold in Canada?

In Canada, there are certain exemptions and special rules that apply to sales tax (GST/HST) on the purchase of pure gold, which is considered an investment-grade precious metal.

Here are some of the exemptions and rules that may apply:

1. Pure gold bars or wafers that are at least 99.5% pure are exempt from sales tax (GST/HST) in Canada.

2. Pure gold coins that are legal tender in Canada, and have a purity level of at least 99.5%, are also exempt from sales tax. Examples of such coins include the Canadian Gold Maple Leaf, the Canadian Gold Wildlife Series, and the Canadian Gold Call of the Wild series.

3. If you are purchasing pure gold for use in the manufacturing of jewelry or other items, and the gold will be transformed into a new product for resale, you may be eligible for a refund of the sales tax paid.

4. If you are a registered GST/HST collector, you may be eligible to claim an input tax credit for the sales tax paid on your purchase of pure gold.

As a Canadian purchasing gold that is 99.99 pure, such as the Royal Canadian Mint gold bars and coins, you can rest easy knowing that you do not have to pay a sales tax. Nugget Stacker strives to ensure the most competitive pricing on all our gold, complemented with free shipping across Canada.

Nugget Stacker also provides a monthly gold subscription that allows all Canadians to buy fractional gold every month, till you reach a full ounce. Nugget Stacker will then ship your gold across Canada or store it in our Vault, free of charge.

Check out the site today.