Local Gold Silver Dealers in Newfoundland and Labrador, Canada
Located in northeastern Canada, Newfoundland and Labrador is the most easterly located of Canada’s 13 provinces and territories. With a population of about one half million Canadians, over 90% of the provincial residents live on the island of Newfoundland (and its neighboring smaller islands).
The capital city of Newfoundland and Labrador is also its most populated city, St. John’s with a metropolitan population of over 200,000 residents. Found on maps as early as 1519, St. John’s is considered by some to be the oldest English-founded city in North America.
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 the following sales tax laws apply within the nation of Canada.
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 Canadian Gold Maple leaf coins and Platinum 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.
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 set sold for scrap would both constitute taxable transactions (see section #34).
Newfoundland and Labrador 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 Newfoundland and Labrador below:
Gold and Silver Dealers in Newfoundland and Labrador
Finding a trusted local coin store in Newfoundland and Labrador province with high online ratings coupled with large 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 Newfoundland and Labrador, where to buy silver in Newfoundland and Labrador, where to sell gold in Newfoundland and Labrador, or where to sell silver in Newfoundland and Labrador, our local silver and gold Canadian guide is a good place to begin your research.
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.
For an overview with more information on other local Canadian bullion dealers, click here.
Before you leave, be sure to also get our 100% FREE Guide to Buying & Selling Bullion.