Local Silver Gold Dealers in Ontario, Canada
Located in east central Canada, Ontario is the most populated of Canada’s 13 provincial territories. Almost 40% of all of Canadian citizens reside there. The province of Ontario also contains the fourth largest landmass in Canada.
Ontario has both Canada’s capital city (Ottawa) and most populated city (Toronto) with freshwater Great Lakes framing much of its southern border.
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 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 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 sales tax exempt (HST/GST expenses) when either buying or selling them to a bullion dealer.
Other precious metal items of lesser silver, gold, and platinum purities as well as all palladium and rhodium bullion items are not sales tax exempt from GST / HST sales taxes. For example either an 18k gold necklace or a sterling silverware set sold for scrap would both constitute sales taxable transactions (see section #34).
Ontario, Canada 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 Ontario below:
Gold and Silver Dealer in Ontario - (Buyers and Sellers)
Finding a trusted local coin store in Ontario province with high ratings coupled with large volumes of real customers who have posted positive 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 Ontario, where to buy silver in Ontario, where to sell gold in Ontario, or where to sell silver in Ontario, our local silver and gold Canadian guide is a good place to begin your research.
Given our online 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 precious metal 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 our local Ontario gold dealer directory, be sure to also get our 100% Free Guide to Bullion Buying & Selling