Q: I would like to slowly start stacking a small amount of gold and silver. Where is the best place to buy gold and silver in Canada, the Royal Canadian Mint? Is there a standard size when stacking gold and silver, for a small time investor; eg 1/10th of an ounce for gold? "In the UK, any gold coin that is considered British legal tender is exempt from Capital Gains Tax (CGT)" - are there any gold Canadian coins that are exempt for Capital Gains? Thank you!!
5i Research Answer:
Individuals can buy gold and silver from the Royal Canadian Mint at various sizes.
Unlike the U.K. treatment, capital gains are incurred when sold at a profit, as these are treated as capital assets by the CRA. However, gold or silver with a certain degree of purity in forms such as bars, coins, or wafers is exempt from GST/HST.