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Is there tax on Gold and Silver in Canada?

When consumers are in the market for any type of product, Canada has a long-established goods and service tax that is 5% across the country and a harmonized sales tax that varies within provinces. However, investors often misunderstand the gap in tax structure when purchasing Gold and silver bullion in Canada. This blog aims to…

Asahi Refining and Their Products

Asahi Refining was established when the parent company, Asahi Holdings, acquired the world-renowned refinery, Johnson Matthey in 2015. Founded in Tokyo, Japan in 1952, Asahi Holdings became a prominent company in the precious metals recycling business. This included the collection, recovery, and refinement of precious metals. Their acquisition of Johnson Matthey allowed Asahi to expand…

Royal Canadian Mint Gold and Silver Bullion

The Royal Canadian Mint is based in the capital city of Ottawa, Ontario, Canada. Established in 1908, the RCM is now responsible for minting all of Canada’s circulation coins. Since its establishment, 73 other countries had their coins produced by the Mint, cementing its trustworthy reputation. Not only does RCM manufacture coins, but they also…

Spot Price of Silver in Canadian Dollars (CAD)

Similar to Gold, Silver has been a popular precious metal through the years due to its versatility, luster, and rarity. Its electrical and thermal conductive properties make Silver great for use in manufacturing solar panels, smartphones, and other technologies. Its colour makes it desirable for jewellery manufacturing as it is also significantly cheaper than its…