When Are Canadian Silver Coins Tex Exempt?

To participate in the forum you must log in or register.

Author	Replies: 10 / Views: 1,592
Solidifier Pillar of the Community Canada 814 Posts	Posted 02/12/2013 6:24 pm Hey I just picked up a 1oz canadian locomotive 999 pure silver coin at Canada Post today and noticed when I got home that I was charged Tax on it. Just wondering when I coin is tax exempt...everytime I buy the 20 for 20 online I dont get charged tax....thanks Report this Post to the Staff

canuck1us Pillar of the Community United States 1002 Posts	Posted 02/12/2013 6:29 pm I would say they made a mistake. Silver coins must be 99.9% pure to qualify for the exemption. That appears to be the case regarding your purchase. Report this Post to the Staff
Jerry_B Valued Member Canada 453 Posts	Posted 02/12/2013 6:37 pm 99.5% or purer is tax exempt. Report this Post to the Staff
canuck1us Pillar of the Community United States 1002 Posts	Posted 02/12/2013 6:43 pm I think it is 99.5% for gold and platinum. 99.9% for silver. Report this Post to the Staff
CC-Ottawa Pillar of the Community Canada 3690 Posts	Posted 02/12/2013 6:47 pm Quote: I think it is 99.5% for gold and platinum. 99.9% for silver. Correct. Report this Post to the Staff
RoyalSilver Pillar of the Community Canada 933 Posts	Posted 02/12/2013 6:56 pm Weird how the system charged the TAX, I mean, the associate cant manually input tax Report this Post to the Staff
Jerry_B Valued Member Canada 453 Posts	Posted 02/12/2013 7:04 pm Thanks for the correction, canuck1us. You're right. Report this Post to the Staff
john517 Valued Member Canada 286 Posts	Posted 02/12/2013 7:28 pm What about auction houses are they obligated to not charge tax on 99.99% silver bullion? Report this Post to the Staff
silverwolf Pillar of the Community Canada 3733 Posts	Posted 02/12/2013 8:10 pm who ever put the coin in the computer system obviously checked the add tax box. you should go back and get the money they overcharged you. imho. Report this Post to the Staff
don in nmkt Valued Member Canada 241 Posts	Posted 02/12/2013 8:43 pm If one were to buy a 99.99% silver set from a dealer. Does the dealer still apply the GST and HST? I bought a Farewell to the penny set from a US dealer who sent it via UPS who charged the dealer the two taxes. Right or wrong? Report this Post to the Staff
CC-Ottawa Pillar of the Community Canada 3690 Posts	Posted 02/12/2013 9:26 pm Quote: If one were to buy a 99.99% silver set from a dealer. Does the dealer still apply the GST and HST? I bought a Farewell to the penny set from a US dealer who sent it via UPS who charged the dealer the two taxes. Right or wrong? Wrong. Should have been exempt from tax. Quote: What about auction houses are they obligated to not charge tax on 99.99% silver bullion? No. Report this Post to the Staff
	Replies: 10 / Views: 1,592

To participate in the forum you must log in or register.

All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Commemoratives and Non-Circulating Coinage (NCLT)

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.26 seconds to rattle this change.