Selling Gold in Canada
In Canada, bullion dealers and coin shops buy Maple Leafs and other bullion; one dealer says typical offers for Gold Maple Leafs are 1–5% below spot, and it says pawn shops typically pay well below market value. Jewellery is bought for its gold content. Dealers that buy or sell $10,000 or more are covered by FINTRAC and must report cash of $10,000 or more and verify ID.
Facts checked 26 October 2026
What to know
- Where: bullion dealers, local coin shops, online marketplaces and pawn shops. Dealers pay by Interac e-Transfer (same day, with limits), wire (1–2 business days), cheque or cash in person.
- Price: one dealer puts offers for Gold Maple Leafs at 1–5% below spot depending on the dealer, quantity and market (for comparison, a US dealer paid about 97% for a 1 oz Maple Leaf in October 2026).
- FINTRAC: a dealer in precious metals and stones that buys or sells $10,000 or more in one transaction must report cash of $10,000 or more received from one person within 24 hours, report suspicious transactions and verify identity (government photo ID or other approved methods).
- Tax: half of a capital gain is taxable: see tax on selling gold in Canada.
Before you sell
- Check the melt value with the gold sell-back calculator (choose CAD).
- Compare bid prices from two or three dealers; ask how and when they pay.
- Keep your purchase receipts to work out the capital gain.
Selling Gold in Canada: FAQ
How much do Canadian dealers pay for Gold Maple Leafs?
One dealer says typical offers are 1–5% below spot, depending on the dealer, quantity and market. Compare several dealers; pawn shops usually pay less.
Do gold dealers report sales in Canada?
Dealers in precious metals that buy or sell $10,000 or more must report cash transactions of $10,000 or more to FINTRAC, report suspicious transactions and verify customers' identity.
Sources (4)
General information, checked October 2026. Rules, limits and terms change; check with the provider, insurer or authority before you rely on them. Not financial, legal or tax advice.