CANADIAN GOLD MAPLE LEAF — JULY 12, 2022
🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes
On Tuesday, July 12, 2022, the Canadian Gold Maple Leaf was priced at C$2,328.97 in Canadian Dollars. This included the spot price of C$2,239.39 plus a typical dealer premium of C$89.58 (4.0% over spot). Gold fell C$0.44 (-0.02%) 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 2022, gold in CAD traded between C$2,187.41 and C$2,611.61, with an annual average of C$2,340.30. This day's price was -4.3% below the yearly average and -14.3% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,239.39 |
| Premium (4.0%) | +C$89.58 |
| Canadian Gold Maple Leaf | C$2,328.97 |
| Per Gram | C$74.88 |
CANADIAN DEALER PRICES — JULY 12, 2022
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,304.39 | C$65.00 |
| Sprott Money | C$2,317.39 | C$78.00 |
| SilverGoldBull | C$2,294.39 | C$55.00 |
| TD Precious Metals | C$2,334.39 | C$95.00 |
| Royal Canadian Mint | C$2,349.39 | C$110.00 |
| Border Gold | C$2,309.39 | C$70.00 |
📊 Market Analysis — July 12, 2022
❓ Frequently Asked Questions
❓ 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.
❓ What is the best size to buy for Canadian investors?
For most Canadian investors, 1oz gold bars or Canadian Gold Maple Leaf coins offer the best balance of premium and liquidity. Larger bars (10oz, kilo) have lower premiums per ounce but can be harder to liquidate in smaller amounts.
💡 Canadian Gold Investor Guide
Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,328.97 |
| Per Gram | C$74.88 |
| Per Kilogram | C$74,878.02 |
| Per Pennyweight (1.555g) | C$116.45 |
| Per Tola (11.66g) | C$873.36 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides