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Taxes On All New Coins. Only Me, Or The Whole Quebec ?

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New Member
Canada
4 Posts
 Posted 03/28/2013  11:22 am  Show Profile   Bookmark this reply Add Leto78 to your friends list Get a Link to this Reply
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,
Valued Member
Adorus's Avatar
Canada
299 Posts
 Posted 03/28/2013  12:24 pm  Show Profile   Bookmark this reply Add Adorus to your friends list Get a Link to this Reply
YEEEEEEEEEEEEEEEEEEEEEEEEEES ! Thanks for letting know hihi
Rest in Peace
Dcadon's Avatar
Canada
1360 Posts
 Posted 03/28/2013  6:13 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
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
Pillar of the Community
1007 Posts
 Posted 03/31/2013  1:18 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
leto78
Valued Member
yellowperch's Avatar
Canada
121 Posts
 Posted 04/01/2013  12:03 am  Show Profile   Bookmark this reply Add yellowperch to your friends list Get a Link to this Reply
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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