Buying gold in Summerside, PE
Investment-grade gold is exempt from GST/HST everywhere in Canada. In Summerside, jewellery and other taxable gold items carry 15% HST, the Prince Edward Island rate.
Gold has one national spot price in Canadian dollars: the prices on this page are the same as on the gold price in Canada page. What differs in Summerside is tax, explained below and on the Prince Edward Island page.
Sales tax on gold in Summerside
Canada has no city sales tax, so in Summerside you pay Prince Edward Island's rates. Investment-grade gold (gold of at least 99.5% purity, in bars, wafers or coins) is exempt from GST/HST. 22K coins such as Krugerrands and American Gold Eagles, collector coins sold above their metal value and all karat gold below 24K, and gold jewellery carry 15% HST, charged on the full price including the making charge or premium.
HST follows the federal rule, so investment-grade bullion is exempt from the full 15% HST.
Full provincial rules: gold price and tax in Prince Edward Island.
Gold in Summerside
Summerside is Prince Edward Island's second-largest city.
Tax when you sell gold in Summerside
When you sell, the CRA usually treats a profit on bullion held as an investment as a capital gain: half of the gain is added to your income and taxed at your federal and provincial rates (the 2024 proposal to raise the inclusion rate to two-thirds was cancelled in March 2025). Frequent trading can make profits fully taxable business income. The provincial part of your income tax is Prince Edward Island's, at your provincial marginal rate. Sales tax does not apply when you sell bullion to a dealer.
Buying and selling in Summerside
Dealers in precious metals and stones must verify your identity for purchases of $10,000 or more and report cash transactions of $10,000 or more to FINTRAC. Dealers sell Maple Leafs and bars at a premium over the spot price shown here and buy back a little under it; compare a few dealers' buy and sell prices on the same day.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.