Local Silver & Gold Dealers New Brunswick, Canada
Located in eastern Canada, New Brunswick is one of Canada’s 13 provincial territories. Some 750,000 Canadian citizens reside in the province of New Brunswick. The province is one of four provinces of Atlantic Canada, a culturally distinct region of Canada.
The original founding cultures of Celtic, English and French remain strong in New Brunswick. It is also the only explicit constitutionally bilingual province of Canada, both English and French are official languages of the province of New Brunswick.
Fredericton is the capital city of the province of New Brunswick, while its most populated town is Greater Moncton, and its oldest is the port city of Saint John.
If you arrived on our website because you are thinking about either buying or selling precious metals within Canada, it is important to know that some physical precious metals are sales taxed while some bullion items are fully sales tax exempt. When either buying or selling from a local Canadian or online bullion dealer like Kitco Metals Inc. the following sales tax laws apply within the nation of Canada.
Given our bullion business' economies of scale and that we are direct Authorized Purchasers of government bullion mint products (not mere retailers, but direct high volume wholesalers) we are often able to offer better prices than competing local gold dealers in both small and large Canadian cities.
Canadian Precious Metal Sales Tax Laws
According to the Canada Revenue Agency website:
Gold and platinum bars, coins, ingots, wafers, and rounds with a purity of .995 or more are exempt from sales taxes (GST & HST). For example items like .9999 fine Platinum Maple Leaf coins and Canadian Gold Maple leaf coins are not sales taxed when either buying or selling them locally in Canada or online to Kitco Metals.
Silver bars, coins, wafers, and rounds with a purity of .999 or more are also exempt from sales tax (GST & HST). For example items like .9999 fine Canadian Silver Bullion Bars are exempt from GST/HST expenses when either selling or buying them from a Canadian silver bullion dealer.
Other precious metal items of lesser silver, gold, and platinum purities as well as all palladium and rhodium bullion items are not exempt from GST / HST sales taxes. For example either an 18k gold necklace or a sterling silverware sold for scrap would both constitute taxable transactions (see section #34) in the nation of Canada.
New Brunswick Precious Metal Sales Tax Rates
It is important for bullion buyers and sellers to know Canadian sales tax information regarding the types of products they are thinking of buying or selling. Choosing the wrong products can be sales tax prohibitive and detrimental to an investment’s overall profitability.
If you want to acquire more troy ounces for your currency, we suggest you buy low premium bullion items (made of fine .995+ gold or platinum and .999+ silver) from trusted local or online dealers like Kitco Metals.
For further local Canadian silver bullion and gold coin dealer information click on your specific region in New Brunswick below:
Gold and Silver Dealers in New Brunswick
Finding a trusted local coin store in New Brunswick province with high ratings coupled with large online volumes of positive customer testimonials is not very easy. We set up this local Canadian gold dealer directory to help people find local Canadian bullion dealers who offer good prices and fair reputable services.
Whether you want to know where to buy gold in New Brunswick, where to buy silver in New Brunswick, where to sell gold in New Brunswick, or where to sell silver in New Brunswick, our local silver and gold Canadian guide is a good place to begin your research.
For an overview with more information on other local Canadian bullion dealers, click here.
Before you leave our local New Brunswick gold dealer directory, be sure to also get our 100% free Guide to Buying & Selling Bullion.