GOLD PRICE IN SASKATCHEWAN — DECEMBER 2003
During December 2003, gold dealers serving Saskatchewan based pricing on CAD spot prices ranging from C$523.44 to C$547.47 per ounce, with a monthly average of C$536.37. The month opened at C$525.20 and closed at C$539.25, a gain of C$14.05. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Saskatchewan.
DAILY PRICES — DECEMBER 2003
| Date | Close (CAD) | Change |
|---|---|---|
| December 1, 2003 | C$525.20 | +7.85 |
| December 2, 2003 | C$523.44 | -1.76 |
| December 3, 2003 | C$525.11 | +1.67 |
| December 4, 2003 | C$528.89 | +3.78 |
| December 5, 2003 | C$529.50 | +0.61 |
| December 8, 2003 | C$527.32 | -2.18 |
| December 9, 2003 | C$533.39 | +6.07 |
| December 10, 2003 | C$531.84 | -1.55 |
| December 11, 2003 | C$532.58 | +0.74 |
| December 12, 2003 | C$537.75 | +5.17 |
| December 15, 2003 | C$537.48 | -0.27 |
| December 16, 2003 | C$540.73 | +3.25 |
| December 17, 2003 | C$546.56 | +5.83 |
| December 18, 2003 | C$546.65 | +0.09 |
| December 19, 2003 | C$547.47 | +0.82 |
| December 22, 2003 | C$546.22 | -1.25 |
| December 23, 2003 | C$543.01 | -3.21 |
| December 24, 2003 | C$538.88 | -4.13 |
| December 29, 2003 | C$542.97 | +4.09 |
| December 30, 2003 | C$539.55 | -3.42 |
| December 31, 2003 | C$539.25 | -0.30 |
📊 Gold Market Analysis
❓ Frequently Asked Questions
❓ Is gold taxed in Canadian provinces?
Investment-grade gold bullion (99.5%+ purity) is exempt from GST/HST in all Canadian provinces under the federal Excise Tax Act. However, provincial policies may vary for numismatic coins, gold jewelry, and gold items below the purity threshold.
❓ Does provincial tax rate affect gold investment returns?
While GST/HST-exempt gold itself is unaffected by provincial tax rates, the marginal tax rate in your province affects capital gains taxes when selling gold. Provinces with lower marginal rates provide a slight advantage for non-registered gold profits.
❓ What about capital gains tax on gold?
Gold sold at a profit outside registered accounts (RRSP/TFSA) triggers capital gains tax in all provinces. In Canada, 50% of the gain is included in taxable income at your marginal rate. Keep purchase receipts for adjusted cost base calculations.
💡 Canadian Gold Investor Guide
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.
Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$536.37 |
| Per Gram | C$17.24 |
| Per Kilogram | C$17,244.67 |
| Per Pennyweight (1.555g) | C$26.82 |
| Per Tola (11.66g) | C$201.14 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides