Is There Sales Tax on Precious Metals in Canada?

In Canada, the purchase of precious metals is generally exempt from GST/HST, provided they meet specific purity standards: gold and platinum must be at least 99.5% pure, and silver must be at least 99.9% pure . This exemption applies to products like gold bars, silver coins, and platinum bullion that meet the required purity levels. However, items that do not meet these standards, such as certain jewelry or collectibles, may be subject to sales tax. CanAm Bullion ensures that all listed products comply with these purity requirements, providing clients with tax-efficient investment options.​