Tax in British Columbia
Sales tax when you buy gold in British Columbia
Gold jewellery in British Columbia carries 12% (5% GST + 7% PST). On a $1,000.00 ring that is $120.00 of tax, for a total of $1,120.00. The rate is the same in every city and town in British Columbia.
Bars, ingots, wafers and coins of gold or platinum at least 99.5% pure, or silver at least 99.9% pure, carry no GST/HST. This is the federal rule, so it applies in British Columbia too (Canada Revenue Agency, GST/HST Memorandum 17-1). A Gold Maple Leaf coin qualifies. A 14K chain or a 22K coin does not.
British Columbia also charges its own 7% PST. PST is reported not to apply to gold, silver or platinum bullion. Coins sold for more than their face value may be taxed. Confirm with the BC Ministry of Finance. Source.
Tax when you sell gold in British Columbia
You do not charge sales tax when you sell your own jewellery or coins. If you sell for more than you paid, the profit can be a capital gain, and half of a capital gain is added to your income. For jewellery and coins, a sale of $1,000 or less usually leaves nothing to report.How tax on selling works.
Gold prices in British Columbia cities
- Gold price in Vancouver
- Gold price in Surrey
- Gold price in Burnaby
- Gold price in Richmond
- Gold price in Victoria
- Gold price in Kelowna
- Gold price in Abbotsford
Tax rates were checked on Oct 7, 2026; see the Canada Revenue Agency for the current ones. The federal GST is 5%. This is general information, not tax advice.