CANADIAN GOLD MAPLE LEAF — MAY 11, 2020
🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes
On Monday, May 11, 2020, the Canadian Gold Maple Leaf was priced at C$2,454.97 in Canadian Dollars. This included the spot price of C$2,360.55 plus a typical dealer premium of C$94.42 (4.0% over spot). Gold fell C$28.09 (-1.18%) from the previous session.
The Canadian Gold Maple Leaf is one of the world's most recognized gold bullion coins, produced by the Royal Canadian Mint since 1979. With 99.99% purity (four nines fine), it is the purest regular-issue gold coin in the world. The Maple Leaf features advanced security features including radial lines and a micro-engraved maple leaf. It is legal tender with a face value of C$50.
In 2020, gold in CAD traded between C$1,977.73 and C$2,721.27, with an annual average of C$2,376.14. This day's price was -0.7% below the yearly average and -13.3% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,360.55 |
| Premium (4.0%) | +C$94.42 |
| Canadian Gold Maple Leaf | C$2,454.97 |
| Per Gram | C$78.93 |
CANADIAN DEALER PRICES — MAY 11, 2020
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,425.55 | C$65.00 |
| Sprott Money | C$2,438.55 | C$78.00 |
| SilverGoldBull | C$2,415.55 | C$55.00 |
| TD Precious Metals | C$2,455.55 | C$95.00 |
| Royal Canadian Mint | C$2,470.55 | C$110.00 |
| Border Gold | C$2,430.55 | C$70.00 |
📊 Market Analysis — May 11, 2020
❓ Frequently Asked Questions
❓ Can I hold gold in my RRSP or TFSA?
Gold bars and coins with 99.5%+ purity from approved refiners can be held in a self-directed RRSP or TFSA through a qualified custodian. Storage is handled by approved vault facilities like those operated by the Royal Canadian Mint.
❓ Is this product GST/HST-exempt in Canada?
Under the Excise Tax Act, investment-grade gold bullion with 99.5% or higher purity is exempt from GST/HST across all Canadian provinces. Products below this threshold (e.g., American Eagle at 91.67% gold) are subject to full provincial sales tax.
❓ How should I store gold safely at home?
If storing at home, use a UL-rated fire-resistant safe bolted to concrete. Consider a rider on your home insurance policy. For larger holdings, allocated vault storage through Kitco Pool or Sprott Money provides institutional-grade security.
💡 Canadian Gold Investor Guide
Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.
Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,454.97 |
| Per Gram | C$78.93 |
| Per Kilogram | C$78,929.00 |
| Per Pennyweight (1.555g) | C$122.75 |
| Per Tola (11.66g) | C$920.61 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides