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 Replies: 35 / Views: 5,093 |
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Valued Member
Canada
316 Posts |
I'm from Quebec and on my 20 4 20 wolf coin. The coin it's was taxes free but got charged taxes on the shipping part only.
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Pillar of the Community
570 Posts |
Shipping is always taxable.
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Pillar of the Community
Canada
3167 Posts |
@MoneyPenney
I can't wait!
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New Member
Canada
14 Posts |
i sent en email to the mint concerning this.
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Valued Member
Canada
96 Posts |
@sel_69l
Quebec's old PST was 9.5%, multiplied after GST. This year the gov decides to make the calculation "look" simple, so instead of 1$ x 105%GST x 109.5%PST = 1.14975$, the calculation will simply be 1$ + 5%GST + 9.975%PST =1.14975$
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Valued Member
Canada
189 Posts |
I've spoken with my MC rep, and he's escalated this up to his supervisor. I should get an answer by the end of the week.
Unless the rules have changed over the past 2 weeks, bullion coins and bars ( 99.5 gold and 99.9 silver ) have been, and should be tax-free ( no GST/HST or PST - QST in Quebec ).
Currently, if you web an order for a silver coin, advertised as 'NO GST/HST', the Quebec tax is being added in.
I'm keeping my fingers crossed on this one.
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Valued Member
 Canada
299 Posts |
THANK YOU mikem. Been on the line for a freaken hour and no one answered. Didn't have any more time to wait. Thanks for keeping informed  |
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Valued Member
Canada
121 Posts |
I got taxed 5% in Saskatchewan for my order yesterday. I sent them an online email today and gave my web order# and told them to either reverse it or explain it. I did a mock order on a random silver coin today and there was no tax prior to hitting the final button. I think it is just a glitch and they were overwhelmed yesterday.  |
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Valued Member
Canada
299 Posts |
I will pay 255$ in taxes if they don't reverse it ... I don't like it that way  |
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Pillar of the Community
Canada
814 Posts |
i also got charged tax for my order in saskatchewan....when I ordered my 20 for 20 wolves I did not get charged tax....
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New Member
Canada
4 Posts |
Must be a bug. I've wrote to MINT 2 days ago. Here's the answer: Thank you for contacting the Royal Canadian Mint. With regards to your inquiry, please note that upon verifying your order there are no taxes applied to the order. Total amount of your order is $299.90. Sincerely, |
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Valued Member
Canada
299 Posts |
YEEEEEEEEEEEEEEEEEEEEEEEEEES ! Thanks for letting know hihi
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Rest in Peace
Canada
1360 Posts |
My understanding of the 'taxable' issue is with the purity of the bullion. If your product is 99.5% or greater Fine Gold or 99.9% Fine silver, your item will be tax free in Canada - it is considered an investment. Purity of less than .995 gold or .999 silver will however be taxable.
The mint brought up their usual purities of 'sterling' to 'Fine Silver/Gold' to help out their customers with the tax.
This was clearly seen in the F15 sets. All the coins that were truly 99.9 (or better) Bullion, were tax free. There were a couple of them, The euro coins I think, that were both less than an ounce, and taxable as well. It made for a very frustrated collector on this end. I think there were only 2 or 3 coins in the set affected by tax.
Edited by Dcadon
03/28/2013 6:14 pm
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Pillar of the Community
1007 Posts |
 leto78 |
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Valued Member
Canada
121 Posts |
I think someone mentioned it before but a .9999 silver, $100 coin with a $20 face value is taxable. Not sure if all is taxable or just the difference between the face value and premium ($80 using the above example. Is there a dedicated thread to this somewhere or is this it? The 20 for 20 series have been tax exempt which is obviously different than the above example.
I think I need to call on Tuesday just to understand this better.
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Replies: 35 / Views: 5,093 |
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Posted 03/27/2013 09:16 am
