Platinum Price in Canadian Dollars Today
Track the live platinum price in CAD per troy ounce and per gram. Real-time XPT/CAD charts with automatic currency conversion from the US dollar spot price.
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Platinum in the Canadian Market
Canada has significant platinum group metal deposits, primarily in Ontario and Manitoba. The Royal Canadian Mint produces platinum Maple Leaf coins. Investment platinum may be subject to provincial sales taxes.
- Royal Canadian Mint Platinum Maple Leaf: 1 oz .9995 fine
- Canada has PGM deposits in Sudbury (Ontario) and Thompson (Manitoba)
- North American Palladium and Impala Canada are active producers
- Platinum coins from recognized mints are generally GST/HST exempt
- Platinum can be held in registered accounts via eligible ETFs
- Capital gains: 50% inclusion rate on profits from platinum sales
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Frequently Asked Questions
Is platinum tax-free in Canada?
Platinum coins produced by recognized mints such as the Royal Canadian Mint are generally exempt from GST/HST in Canada, similar to investment-grade gold coins. However, platinum bars may be subject to different treatment depending on purity and the province of purchase. Provincial sales taxes vary, and some provinces may apply additional taxes on precious metals transactions. It is advisable to check with your dealer and provincial tax authority for the specific rules that apply to your purchase.
What is the Platinum Maple Leaf?
The Platinum Maple Leaf is a bullion coin produced by the Royal Canadian Mint, containing exactly 1 troy ounce of .9995 fine platinum. It carries a face value of C$50, though its market value is determined by the platinum spot price. First minted in 1988, the coin features the iconic maple leaf design and is recognized internationally as a premium platinum investment product. The Royal Canadian Mint is known for its advanced security features and consistently high minting quality.
How is platinum priced in CAD?
The platinum price in Canadian dollars is derived by dividing the international US dollar spot price (XPT/USD) by the CAD/USD exchange rate. Since Canada is a commodity-exporting nation, the Canadian dollar often moves in correlation with commodity prices, though platinum specifically has less direct impact on CAD than oil or gold. This means the CAD platinum price can sometimes be less volatile than the USD price when commodity markets are driving both platinum and the Canadian dollar in the same direction.
Does Canada produce platinum?
Yes, Canada produces modest quantities of platinum group metals as a byproduct of nickel and copper mining. The primary PGM deposits are located in the Sudbury Basin in Ontario and the Thompson Nickel Belt in Manitoba. Companies such as Vale (at Sudbury) and Impala Canada (formerly North American Palladium at Lac des Iles) are active producers. While Canada's PGM output is small compared to South Africa and Russia, these deposits contribute meaningfully to North American supply.