Buying Gold Safely in Canada: Tax & Accounting Considerations

HOW TO BUY GOLD BULLION

Account purchases: Canadians can hold bullion within TFSA, RRSP, LIRA, RRIF, and RESP accounts.

Tax treatment: No GST on investment-grade gold (≥995 purity); capital gains apply on sale profits.

Authorized dealers: Only buy from recognized Canadian PMX, SilverGoldBull, Royal Canadian Mint-approved providers.

Reporting: Keep documentation for account inclusion and future tax audits.

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