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.
Instant Gold Bullion Inc is merely providing known information. You should contact your local tax authority for more information.
We are not liable for any musunderstanding in the tax structures that you may have.