Tax implications when selling gold and silver ...
Aug 10, 2016 · Tax implications when selling gold and silver (self.PersonalFinanceCanada) submitted 3 years ago by fitznaas I have a variety of gold and silver coins: gold and silver maples&eagles of various sizes, a bunch of 1oz silver rounds and bars, and some miscellaneous gold coins.
Top responseswhen i sold my hoard back in 2013 the coin shop (albern coin) i sold them to was sure to take my SIN and later issued me a T5 detailing the sales totals. I . read more5 votesThanks, I will call CRA and see what they say. Have you been to any other dealers in Calgary? I have only used Albern to sell once and they were ok. Yeah . read more1 voteya thats a bunch of mumbo jumbo to me. Im sure bullion coins and bars will be covered in some extra clause somewhere clearing it all up that you pay the piper. . read more1 voteI talked to someone at CRA. he had to check with somebody but he told me that bulion (bars/rounds) are not considered LPP but any coins/jewlery is. So . read more2 voteswow this is really amazing news if accurate. Are you sure your cra contact understood the coins are bullion quality and not numismatics, seems kind of like a . read more1 voteI specifically asked using gold maple leafs, gold eagles, and other coins (i have some less common coins from Canada and various other countries) as examples. I . read more1 voteSee all
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