CANADIAN GOLD MAPLE LEAF — NOVEMBER 8, 2023
🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes
On Wednesday, November 8, 2023, the Canadian Gold Maple Leaf was priced at C$2,794.40 in Canadian Dollars. This included the spot price of C$2,686.92 plus a typical dealer premium of C$107.48 (4.0% over spot). Gold fell C$7.07 (-0.26%) 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 2023, gold in CAD traded between C$2,446.93 and C$2,807.55, with an annual average of C$2,621.94. This day's price was 2.5% above the yearly average and -4.3% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,686.92 |
| Premium (4.0%) | +C$107.48 |
| Canadian Gold Maple Leaf | C$2,794.40 |
| Per Gram | C$89.84 |
CANADIAN DEALER PRICES — NOVEMBER 8, 2023
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,751.92 | C$65.00 |
| Sprott Money | C$2,764.92 | C$78.00 |
| SilverGoldBull | C$2,741.92 | C$55.00 |
| TD Precious Metals | C$2,781.92 | C$95.00 |
| Royal Canadian Mint | C$2,796.92 | C$110.00 |
| Border Gold | C$2,756.92 | C$70.00 |
📊 Market Analysis — November 8, 2023
❓ 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
Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,794.40 |
| Per Gram | C$89.84 |
| Per Kilogram | C$89,841.92 |
| Per Pennyweight (1.555g) | C$139.72 |
| Per Tola (11.66g) | C$1,047.90 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides