Silver Price in Canadian Dollars Today
Track the live silver price in CAD per troy ounce and per gram. Real-time XAG/CAD charts with automatic currency conversion from the US dollar spot price.
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Silver in the Canadian Market
Canada is a significant silver producer and home to the Royal Canadian Mint, which produces the Silver Maple Leaf — one of the world's most popular silver bullion coins at .9999 fine purity.
- No sales tax on investment silver in many provinces (Alberta, for example)
- Silver Maple Leaf: .9999 fine, 1 oz, face value C$5
- Canada ranks among the top 10 global silver producers
- Silver can be held in TFSAs and RRSPs via eligible ETFs
- Physical silver sold by the Royal Canadian Mint is considered investment-grade
- Capital gains: 50% inclusion rate on profits from silver sales
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Frequently Asked Questions
Is silver tax-free in Canada?
Sales tax on silver in Canada varies by province. Alberta has no provincial sales tax, making it the most tax-friendly province for purchasing physical silver. Ontario charges 13% HST on bullion purchases, while British Columbia applies 7% PST. Some provinces exempt investment-grade bullion from provincial sales tax, but the 5% federal GST generally applies. Buyers should check their specific province's rules, as tax treatment can significantly affect the total cost of acquiring physical silver.
What is the Silver Maple Leaf?
The Silver Maple Leaf is a 1 troy ounce silver bullion coin produced by the Royal Canadian Mint (RCM) since 1988. It contains .9999 fine silver, making it one of the purest silver coins in the world. The coin has a face value of C$5 and features the iconic maple leaf design on the reverse and King Charles III on the obverse. Modern Silver Maple Leafs include advanced security features such as radial lines and a micro-engraved privy mark, making them extremely difficult to counterfeit.
Is silver a good investment in Canada?
Silver offers Canadian investors several compelling attributes. Industrial demand for silver is growing rapidly, driven by solar panel manufacturing, electric vehicles, and electronics. Silver also serves as a hedge against Canadian dollar depreciation — when the CAD weakens against the USD, the CAD-denominated silver price rises even if the USD silver price is flat. Canada's proximity to major silver markets and the availability of tax-advantaged accounts like TFSAs and RRSPs (via eligible silver ETFs) make it convenient to gain silver exposure.
How is silver priced in CAD?
The silver price in Canadian dollars is derived from the international spot price, which is quoted in US dollars per troy ounce (XAG/USD), divided by the CAD/USD exchange rate. For example, if silver is US$30/oz and CAD/USD is 0.74, the CAD price would be approximately C$40.54 per ounce. The CAD silver price therefore fluctuates based on both changes in the global silver spot price and movements in the USD/CAD exchange rate.