Question 1

Is investment gold exempt from GST/HST in Canada?

Accepted Answer

Yes. Under the Canada Revenue Agency (CRA) Excise Tax Act, investment-grade gold bullion that is at least 99.5% pure (.995+) is zero-rated and exempt from GST/HST in all Canadian provinces and territories.

Question 2

How is gold purity measured in Canadian karat ratings?

Accepted Answer

Pure gold is 24 Karats (99.9% to 99.99% pure). 22K is 91.7% pure, 18K is 75.0% pure, 14K is 58.3% pure (most common in Canadian jewelry), and 10K is 41.7% pure (the legal minimum standard to be called gold in Canada).

Question 3

How many grams are in a troy ounce of gold?

Accepted Answer

One troy ounce equals exactly 31.1034768 grams. This is distinct from a standard kitchen ounce (avoirdupois ounce), which is approximately 28.3495 grams.

Question 4

How do Canadian dealers calculate scrap jewelry payout?

Accepted Answer

Dealers weigh your jewelry, test the karat purity (e.g. 14K = 58.3%), calculate the pure melt value using current spot CAD prices, and deduct a refiner margin typically between 10% to 25%.

Canada Gold Price History & Trends (CAD)

Canada Gold Spot Price History (CAD / oz)

1-Year CAD Performance

5-Year CAD Return

CAD vs USD Dynamic