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 Replies: 21 / Views: 5,398 |
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Pillar of the Community
Canada
2984 Posts |
BC will be going back to the PST on April 1, and all coin purchases will be subject to 7% PST. These include pure silver coins which were not previously charged. The $20 for $20 coins will also be charged an extra 7%.
To those in the Vancouver area, this Saturday and Sunday will be the last chance to get tax free coins at the Vancouver Mint Boutique.
The Mint Boutique has the Wolf $20 for $20 coins available in unlimited quantities this weekend. Get them now without paying tax. Edited by MoneyPenney
03/30/2013 01:35 am
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Pillar of the Community
Canada
1505 Posts |
Brutal, they did the same with privately sold used cars, I wonder what else they will continue to tax, one more reason to ship to Bellingham, lol.
On a side note, it is actually cheaper to ship a package across Canada via US, than it is to ship from Canada. I recently shipped a dino coin for ~$13 CAD (Vancouver to Quebec), had I shipped it from Bellingham it would have cost ~$8.50 USD. I love my country, but the Canadian premium is getting a bit bothersome.
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Valued Member
Canada
196 Posts |
money penny, how do you get this info? the mint web site says that 20 for 20 is gst/hst/pst excemp.
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Pillar of the Community
Canada
685 Posts |
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Valued Member
Canada
299 Posts |
Me gusta @Panda, and hope you're right. For the moment my taxes are still up on my orders. QC --> 9.975%  |
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Pillar of the Community
 Canada
2984 Posts |
I got this information from the staff at the Vancouver Mint Boutique and other members of this forum.
The clerk could be wrong about tax on the $20 for $20 coins but not on other coins. They will be taxed.
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Pillar of the Community
798 Posts |
I have nothing to worry about. I either buy mine from ebay or go to a coin store in the U.S. called Skagit coin. I don't live near any Canadian coin stores either.  |
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Valued Member
Canada
183 Posts |
I hope not, but it is strange because the mint website now has a 'tax free' sort in their coin selection?
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Pillar of the Community
 United States
2448 Posts |
Well, that sucks! Obviously, they're taxing our hobby as if it's a bad habit. I hope Michael Bloomberg doesn't get wind of this.
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Valued Member
Canada
227 Posts |
Quote:
money penny, how do you get this info? the mint web site says that 20 for 20 is gst/hst/pst excemp. I think this is correct. There is no tax issue about $20 for $20. The other pure gold and silver coins from the mint will add PST from April 1, 2013 in BC. |
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Pillar of the Community
Canada
871 Posts |
What was the story in Ontario before the HST was introduced when it came to pure gold and silver coins? PST and/or GST applicable?
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Pillar of the Community
Canada
3690 Posts |
20 for 20 coins are tax exempt because they are a face value exchange. Same goes for the quarter and loonie circulation packs offerings.
If the sale is at FV, then there is no tax.
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Valued Member
Canada
430 Posts |
On the Mint's website, it states the following on $20 wolf coin:
Act now - this coin is expected to sell out rapidly!
Buy the commemorative coin that captures the haunting beauty of the wolf.
Top reasons to buy this coin today:
• Fine silver (99.99% pure)
• Strict limit of three coins per household
• No tax - GST/HST/PST exempt*
• No risk - satisfaction guaranteed or your money back
*Tax on shipping applies
So, there is NO taxes of any sort on the $20 for $20 coin.
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Valued Member
Canada
389 Posts |
So I live in B.c does that mean when I buy something that I already got taxed on say the Bird coins, that wont be 12% it will be 7?
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Valued Member
Canada
196 Posts |
The bird coin will still be 12%. Pure silver, gold platinum coins are PST applicable GST exempt. Bullion coins are tax free.
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Valued Member
Canada
183 Posts |
What is another 7%....I probably don't pay enough tax as it is! NOT! I thought this was canada, not Cyprus!? Hahah. With getting rid of the HST....some things will cost more, some less!?
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Replies: 21 / Views: 5,398 |
Posted 03/30/2013 02:22 am
