Buying gold in Manitoba
Investment-grade gold (gold of at least 99.5% purity, in bars, wafers or coins) is exempt from GST/HST everywhere in Canada. In Manitoba, jewellery and other taxable gold items carry 5% GST plus 7% RST (12% in total).
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 Manitoba is tax, explained below.
Sales tax on gold in Manitoba
Manitoba's retail sales tax (RST) does not apply to gold and platinum of at least 99.5% purity or silver of at least 99.9% purity in bar, ingot, coin or wafer form, whatever the premium or packaging; bullion below that standard is taxed at the full selling price (Manitoba Finance bulletin RST 043, revised July 2026).
Taxable everywhere: 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. In Manitoba these carry 5% GST plus 7% RST (12% in total), charged on the full price including the making charge or premium.
The federal rule
Under the federal Excise Tax Act, gold and platinum of at least 99.5% purity and silver of at least 99.9% purity, in bars, ingots, wafers or coins, are "precious metals" and are exempt from GST/HST. Coins below that purity (for example 22K Krugerrands and American Gold Eagles, or 90% silver coins), collector coins sold above metal value, sterling silver and all jewellery are taxable.
Tax when you sell gold in Manitoba
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 Manitoba's, at your provincial marginal rate. Sales tax does not apply when you sell bullion to a dealer.
Gold in Manitoba
The Royal Canadian Mint's Winnipeg facility strikes Canada's circulation coins and coins for other countries.
Buying and selling
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. The main bullion dealers and jewellers in the province are in Winnipeg.
Selling gold or jewellery to a dealer in Manitoba
- Licence: No provincial licence or registration for dealers found. The Scrap Metal Act covers buyers of scrap metal but excludes coins, bullion and jewellery from its seller and dealer duties.
- Hold period: The Scrap Metal Act sets no hold period.
- What the dealer records: Scrap Metal Act (base metals only): copy of seller's ID and a photo of the seller, metal description and origin, date, time, value and employee name; kept two years; transactions in restricted items reported to police within 7 days.
- What sellers need: Scrap Metal Act: government-issued ID and photo; no cash for restricted items or where the total value exceeds CAD 50.
- Who is exempt: Coins, bullion and jewellery; food, drink and paint cans; sales by corporations and licensed vehicle dealers and recyclers.
- Jewellers: No provincial jeweller licence found.
- The law: The Scrap Metal Act, S.M. 2022, c. 12, and regulation (in force 18 July 2022); municipal by-laws for second-hand dealers and pawnbrokers (not checked).
Federal rules (FINTRAC): Dealers in precious metals and stones (DPMS) become reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act when they buy or sell precious metals, precious stones or jewellery worth CAD 10,000 or more in a single transaction. They must run a compliance programme (compliance officer, written policies, risk assessment, training, two-yearly effectiveness review) and verify client identity for large cash, large virtual currency and suspicious transactions.
Quality marks: Quality marking of gold, silver, platinum and palladium articles is voluntary, but any mark used must be truthful and meet the standards and tolerances in the Precious Metals Marking Act and Regulations.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.