Bought 1oz .999 bullion silver coin from Canadian, I am in Can. Was charged sales tax. Okay???

mortil
Community Member
1 ACCEPTED SOLUTION

Accepted Solutions

Bought 1oz .999 bullion silver coin from Canadian, I am in Can. Was charged sales tax. Okay???

It should be tax exempt:

 

How will the Harmonized Sales Tax (HST) affect my purchase?
Following the implementation of harmonized sales tax (HST) regimes in Ontario and British Columbia on July 1, 2010, all gold and silver products meeting the following conditions will be HST exempt:

  • Minimum purity must be 99.5% for gold and platinum and 99.9% for silver;
  • Products must be in bar, ingot, coin or wafer form; and
  • Coins satisfying minimum purity levels must have also been issued by a government authority as legal tender.

For further information, please visit the Canada Revenue Agency's website at http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/menu-eng.html.

 

http://www.mint.ca/store/mint/customer-service/faq-1100010#shopping6

View solution in original post

Message 3 of 5
latest reply
4 REPLIES 4

Bought 1oz .999 bullion silver coin from Canadian, I am in Can. Was charged sales tax. Okay???

The seller should have included his PST/HST/ GST registration number on the invoice if he is registered with Revenue Canada and his provincial tax office.

 

Otherwise, yes, of course.

Message 2 of 5
latest reply

Bought 1oz .999 bullion silver coin from Canadian, I am in Can. Was charged sales tax. Okay???

It should be tax exempt:

 

How will the Harmonized Sales Tax (HST) affect my purchase?
Following the implementation of harmonized sales tax (HST) regimes in Ontario and British Columbia on July 1, 2010, all gold and silver products meeting the following conditions will be HST exempt:

  • Minimum purity must be 99.5% for gold and platinum and 99.9% for silver;
  • Products must be in bar, ingot, coin or wafer form; and
  • Coins satisfying minimum purity levels must have also been issued by a government authority as legal tender.

For further information, please visit the Canada Revenue Agency's website at http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/menu-eng.html.

 

http://www.mint.ca/store/mint/customer-service/faq-1100010#shopping6

Message 3 of 5
latest reply

Bought 1oz .999 bullion silver coin from Canadian, I am in Can. Was charged sales tax. Okay???

I'm curious Pierre, before the HST, did Ontario residents have to pay PST on bullion?

Message 4 of 5
latest reply

Bought 1oz .999 bullion silver coin from Canadian, I am in Can. Was charged sales tax. Okay???

I do not think so.

 

The only time I purchased gold coins was outside the country.

Message 5 of 5
latest reply