Kitco (Canada) review: is it a good place to buy gold?

Many Canadians know Kitco first as the gold price chart they check on their phone. Behind the charts is a Montreal bullion dealer that has been trading since 1977. This review looks at Kitco from a Canadian buyer's point of view: prices in Canadian dollars, how you can pay from a Canadian bank, what selling back looks like, and where the currency conversion quietly costs you money. Our US readers should read the separate Kitco review for US buyers, because the payment options, taxes and prices differ.

Check Kitco's live CAD prices

How does Kitco score on our checks?

These are the same criteria we use for every dealer. We record what we could verify from Kitco's own policy pages, our automated price capture and independent review sites, not testimonials. See how we review gold dealers.

How much does Kitco charge in Canadian dollars?

A dealer's price is the spot price (the live market price of one troy ounce of gold) plus a premium. Kitco shows the premium indirectly: each product page lists a wire or cheque price and a higher card or PayPal price. We captured Kitco's Canadian-dollar prices automatically and compared them with three other Canadian sellers.

GoldVetted automated price checks. Kitco captured 12 October 2026 at 08:39 UTC, spot CA$5,954.73/oz; TD at 06:32 UTC, spot CA$5,964.19; Gold Stock Canada and Canadian PMX on 11 October at 12:05 UTC, spot CA$5,978.73. Spot from gold-api.com. Premium = price / spot - 1. Kitco's random-year 1 oz Maple Leaf was out of stock at our check; its random-year Gold Eagle was CA$6,301.40 by wire (5.82%). More in the October 2026 Canada premium report.

On one coin, Kitco's wire price was CA$214.95 more than Gold Stock Canada's. Some of that gap is product: Kitco's MintFirst line is current-year coins straight from the Mint, while Gold Stock Canada's cheapest option was random year. Even so, if you only want the gold, Kitco was not the low-cost choice in this check.

The Canadian-dollar gap

Kitco prices everything in US dollars and Canadian dollars, and the two do not line up exactly with the market exchange rate. Within three minutes on 12 October, its random-year Gold Eagle cost US$4,340.40 and CA$6,301.40 by wire. That implies about 1.452 Canadian dollars per US dollar, while our spot feed's rate was 1.4256. So buying in CAD cost about 1.8% more than the US price converted at market. On the selling side the gap runs the other way: Kitco's CAD bid for a Maple Leaf implied a rate of about 1.408, around 1.2% below market, as our guide to selling gold in Canada found the same morning. Every dealer builds a currency margin into its prices; Kitco's is simply easy to see because it publishes both. If you already hold US dollars, compare the two before you order.

Paying from a Canadian bank

Kitco's payment options are one of its strengths for Canadians. Payment is due within three business days of your order.

Online bill payment works from BMO, CIBC, RBC, National Bank, Scotiabank, TD, Simplii Financial, Laurentian Bank, Desjardins, Tangerine and Manulife: add "Kitco Metals" as a payee and use your Kitco account number as the reference. Kitco does not accept third-party payments; the name on the payment must match your account.

Online bill payment is the quiet winner here: no limit stated, no hold, and it earns the 4% discount. On a CA$6,000 coin, paying that way instead of by card saves about CA$260.

Shipping, insurance and pick-up in Canada

Standard shipping costs $15, or nothing on orders of $5,000 or more, which in practice means every physical bullion order because of the minimum. Insurance is charged separately at 0.65% of the metal value, so a CA$6,300 coin adds about CA$41. Kitco says parcels take 2 to 5 business days, occasionally 10 to 15 by Canada Post, and every parcel needs a signature. If you live near Montreal, you can collect from the counter free of charge when the item is in stock; our Montreal gold buying guide covers other local options. Problems with a delivery must be reported within 48 hours, and returns or exchange requests within three business days.

GST/HST on what you buy

Canada exempts gold bars and government coins of at least 99.5% purity from GST/HST, treating them as financial instruments under the Excise Tax Act (CRA Memorandum 17-1). Maple Leafs and .9999 bars qualify. Kitco also sells 22 karat Eagles and Krugerrands, which are 91.67% gold and fall outside that rule, so expect tax on them. Our Canadian gold tax guide explains the 99.5% test in full.

Selling gold back to Kitco

Kitco is one of the few dealers in Canada that shows its buy prices to anyone, without an account. We captured its Canadian-dollar bids on Thanksgiving Monday, 12 October 2026:

GoldVetted automated capture of Kitco's "Sell to Kitco" page in CAD. An hour later, at 08:39 UTC, the Maple Leaf bid was CA$5,838.36 as spot eased.

The process: choose your items on the sell page, create a packing slip, print two copies and ship. A price confirmed on the slip is guaranteed if the parcel is postmarked within one business day and reaches Kitco within 10 business days. Kitco-assisted shipping costs a flat $35 plus $6.50 per $1,000 of insurance, and both can come out of your payout. The minimum is CA$5,000 for physical metal, and Kitco buys jewellery and other scrap only from businesses such as jewellers and pawn shops, not from individuals. For selling a single coin or a chain, a local buyer is the better fit; our Canadian selling guide compares them.

The round trip. At 08:39 UTC on 12 October, Kitco sold a 2026 Maple Leaf for CA$6,294.14 by wire and bid CA$5,838.36 for a Maple Leaf. Buying and immediately selling would have cost CA$455.78, or 7.2%, before shipping and insurance. That is the spread you need gold to rise by just to break even.

Storage, Kitco Pool and RRSPs

Kitco offers three ways to hold gold without keeping it at home, and they work very differently:

• Kitco Allocated Storage: your own bars or coins, kept separate and recorded as your property, in Canadian vaults that Kitco says include the Royal Canadian Mint, or in Hong Kong or a COMEX-approved US depository. Fees are by quote.
• Kitco Pool: an unallocated metal account. You own a claim on metal held for Kitco's clients in depositories and refiners, not specific bars. No minimum, no shipping, but you rely on Kitco.
• VaultChain: a digital product that Kitco says represents gold held physically at the Royal Canadian Mint, tracked on a blockchain ledger.

For registered accounts, Kitco says it refers clients to partner custodians to hold precious metals in an RSP, and tells them to read the CRA's rules. Our guide to gold in an RRSP or TFSA explains what qualifies.

What do customers say?

We do not invent ratings. These are the scores shown on independent sites when we checked on 12 October 2026:

Recent Trustpilot reviews praise packaging and phone service. The criticisms that recur are about time: settlement on sales and delivery taking longer than expected. Build that into your plans if you need the money or the metal by a certain date.

Who Kitco suits, and who should look elsewhere

Good fit: Canadians buying CA$5,000 or more at a time who want to pay from their bank without a wire, see a published buy price before they commit, or store metal in Canada instead of at home.

Look elsewhere if: you want a single coin or a small bar, you want the lowest premium on a Maple Leaf, or you want to sell jewellery.

Alternatives to Kitco in Canada

• Silver Gold Bull review, and our head-to-head Silver Gold Bull vs Kitco.
• Canadian PMX review: 3.16% over spot on a 2026 Maple Leaf by wire in our check.
• TD Precious Metals review: buy and sell at a bank branch, no CA$5,000 minimum.
• Kitco vs APMEX: how Kitco compares with a large US dealer.
• Best places to buy gold in Canada: every Canadian seller we track.

Not financial advice. GoldVetted provides general information to help you compare options. It is not personal financial, tax or legal advice. Gold prices go down as well as up, and you may get back less than you pay. Check tax rules with the official source or a qualified adviser before you act.