Tax on Selling Gold in Canada
Canada taxes half of a capital gain: 50% of the gain on gold or silver held as an investment is added to your income and taxed at your normal federal and provincial rates. The planned increase to two-thirds was cancelled in March 2025. If you trade metals as a business, the profit can be fully taxable.
Facts checked 26 October 2026 · Not financial, legal or tax advice
At a glance
| What you sell | How the gain is taxed | Notes |
|---|---|---|
| Gold and silver held as an investment | 50% of the gain added to income, taxed at your marginal rate. | Inclusion-rate increase cancelled March 2025. |
| Trading metals as a business | Profit fully taxable as business income. |
How gold gains are taxed
- Canada keeps a one-half inclusion rate: half of a capital gain (the taxable capital gain) is added to your income and taxed at your federal and provincial rates.
- The increase announced in Budget 2024 (to two-thirds above $250,000) was cancelled: the Prime Minister announced on 21 March 2025 that the hike would not go ahead.
- Silver follows the same capital-property rules.
Losses
- Half of a capital loss can be deducted, but only against taxable capital gains, not other income.
- Unused net capital losses can be carried back three years or forward indefinitely.
- The superficial loss rule denies a loss if you, or an affiliated person, buy the same property within 30 days before or after the sale and still hold it 30 days after.
Tax on Selling Gold in Canada: FAQ
How is gold taxed when you sell it in Canada?
As a capital gain: half of the gain is added to your income and taxed at your normal rates. If you buy and sell metals as a business, the profit is fully taxable.
Did Canada raise the capital gains inclusion rate?
No. The increase to two-thirds announced in 2024 was cancelled in March 2025, so the inclusion rate is still one-half.
Sources (4)
General information about the rules for individual investors, checked October 2026. Tax depends on your circumstances and residence; check with the tax authority or an adviser. Not tax advice.