Most Precious metal bullion in Canada is exempt from GST/HST provided the precious metals are defined as bars, ingots, coins, or wafers of gold, silver, platinum, which are refined to a minimum purity of 99.50% for gold and platinum, or 99.9% for Silver.
Note: Palladium products ARE subject to HST/GST.
If the above-listed bullion or coin products fall outside of these purities, Ontario charges HST at 13%.
Bullion and Coins are liable to Capital Gains Tax within Ontario as they are across Canada, subject to Personal-Use Property Exemptions. Listed Personal Property (LPP) rules state that coins with a resale value and gain of $1000 or less are exempt from a capital gains.
goldsilvernest.com is merely providing known information. You should contact your local tax authority for more information.
