Where to sell gold in Canada

Canada has an advantage most gold sellers don't: the Gold Maple Leaf is the coin every Canadian buyer wants, so selling one is quick almost anywhere. The harder part is knowing what a fair offer looks like. Buyers quote in different ways (a dollar bid, a percentage of spot, a price per gram), some only buy what they sold you, and a few won't buy at all. This guide sets out who buys gold in Canada, the buy prices we captured on October 12, 2026, and the tax and FINTRAC rules that apply when you sell.

Who buys gold in Canada?

Five kinds of buyer cover almost every sale. The right one depends on what you hold: 99.99% Maple Leafs and bars from known refiners are priced close to the spot price (the live market price for one troy ounce of pure gold), while jewellery is bought as scrap at a bigger discount.

Terms from each buyer's own website on October 12, 2026. Silver Gold Bull's site blocked our automated visit, so we do not describe its current buy prices.

Online dealers

Kitco, based in Montreal, is unusual because anyone can see its bid list without an account. It shows prices in US or Canadian dollars and asks for a minimum order of $5,000. Our Kitco Canada review covers its fees and storage. Canadian PMX in Richmond Hill says it provides "a two way market for all bullion", meaning it both sells and buys, but asks sellers to fill in a form with details and photos rather than publishing prices. Silver Gold Bull's site did not allow automated checks when we visited, so we do not quote its buy prices; our Silver Gold Bull vs Kitco comparison covers both dealers.

Dealers that quote a percentage of spot

Two Toronto dealers publish the share of spot they pay. Gold Stock Canada, trading since 2006 according to its site, lists "typical payout" of 95% to 98% of spot for LBMA bars and for Maple Leafs or Eagles, pays walk-in sellers the same day by cash, e-transfer or cheque, and offers a prepaid insured shipping label to sellers elsewhere in Canada. Bullion Mart says it buys back bullion it sold at 98% of spot and pays "up to 97%" for bars, coins and scrap bought elsewhere, with a $1,000 minimum, paying by bank transfer or cheque on the day your parcel arrives. Read our Gold Stock Canada review before visiting.

To compare those percentages with Kitco's dollar bids, multiply spot by the percentage. At the spot price when we checked (CA$5,969.41), 98% would be CA$5,850.03 for one ounce, and 95% would be CA$5,670.94. Kitco's Maple Leaf bid of CA$5,846.66 sat near the top of that range. Get a Gold Stock Canada quote or see Kitco's live bids and compare the net amount after shipping.

Banks

TD says its customers "can sell their physical precious metals at any TD Branch", using "the same receipt you received when you purchased the products", and that metal held in TD Secure Storage can be sold online. CIBC buys back only items it sells, in pristine condition, with the original receipt. Scotiabank wound down its metals business in 2020 and no longer buys back even its own branded bars. Details and premiums are in our guide to buying gold from Canadian banks and the TD Precious Metals review.

What do Canadian buyers pay compared with spot?

We captured Kitco's Canadian-dollar buy list automatically on Monday, October 12, 2026, which was Thanksgiving in Canada (many shops were closed, but the global gold market was trading). The table shows what Kitco offered per item and how far below spot that was.

GoldVetted automated capture of Kitco's "Sell to Kitco" page with the currency set to CAD, October 12, 2026 at 07:32 UTC. Spot from gold-api.com at 07:32 UTC. Kitco's minimum sell order is $5,000. Prices move with the market; ask for a live quote.

Why the currency you sell in matters

Kitco showed the same Maple Leaf at US$4,152.53 a few minutes earlier. At the exchange rate in our spot feed (1.4256 Canadian dollars per US dollar), that would be about CA$5,919.85. Kitco's Canadian price implied a rate of about 1.408, so its CAD bid was roughly 1.2% lower than the US-dollar bid converted at market. If you have a US-dollar bank account, ask whether a dealer will pay in US dollars; TD, for example, says you can take the money in either currency.

What a round trip costs

Buying and selling the same coin shows the full cost of owning gold for a short time. On the same morning, TD's preferred price for a 1 oz Gold Maple Leaf was CA$6,191.98 (captured at 06:32 UTC for our bank guide). Selling that coin to Kitco at CA$5,846.66 would return CA$345.32 less, a 5.6% loss before any rise in gold. Buying from a dealer with a lower premium narrows that gap; see the October 2026 Canadian premium report and our explainer on dealer spreads.

Two patterns are worth knowing before you buy. First, 24 karat Maple Leafs drew a better bid than 22 karat Eagles and Krugerrands holding the same ounce of gold. Second, early .999 Maple Leafs from 1979 to 1982 were bid well below newer .9999 coins. Our Gold Maple Leaf guide explains the differences between years.

How much do Canadian jewellery buyers pay per gram?

Jewellery is priced by karat (the share of gold in the alloy) and weight. 401Gold, which has shops in Scarborough, North York and Vaughan, publishes per-gram payouts that update with the market. We compared them with the spot value of the gold in each karat.

Payouts from 401Gold's home page; it pays slightly more per gram from 50 g upward and lists a lower rate for 22K bridal jewellery. Spot value is our arithmetic: gold-api.com spot of CA$5,969.41 per ounce (CA$191.92 per gram) times fineness. The shops were closed for Thanksgiving when we checked.

Gold Stock Canada's own table gives a similar picture: 85% to 90% of spot for 14K and 82% to 88% for 10K jewellery, against 95% to 98% for bullion. The lesson is the same everywhere: never let a bullion coin be weighed in with scrap. To estimate what a chain or ring is worth before you go, use the method in our guide to selling scrap gold.

How do you sell gold in Canada, step by step?

1. Separate bullion from jewellery

   List each coin or bar with its name, weight, purity and year. Keep tubes, assay cards and your purchase invoice; TD and CIBC need the receipt, and every seller needs the cost for tax.

2. Work out the spot value

   Today's spot is ... per ounce (Loading). A 1 oz Maple Leaf holds one troy ounce of gold, so its spot value is the spot price. For jewellery, multiply grams by the per-gram spot price and the karat fineness.

3. Get quotes in the same terms

   Turn every offer into dollars per item and a percentage of spot. Ask who pays shipping and insurance, whether there is a minimum, and how and when you will be paid.

4. Lock the price

   Online buyers fix the price when you accept by phone or online. Keep the confirmation email showing quantity and price.

5. Ship insured or sell in person

   Use the dealer's prepaid insured label where offered, photograph items before sealing the box, and keep the tracking number. In person, bring government photo ID.

6. Keep the paperwork

   Store the sale invoice with the purchase invoice. You need both to work out your capital gain on Schedule 3 of your return.

Selling in a big city? Our local guides cover dealers in Toronto, Vancouver, Montreal and Calgary. The global how to sell gold guide compares the US, UK and Australia.

What tax applies when you sell gold in Canada?

GST/HST on the sale

For most private sellers there is none. The Excise Tax Act treats gold bars, ingots, wafers and government-issued coins refined to at least 99.5% as "precious metal", and the CRA's GST/HST Memorandum 17-1 treats supplies of precious metal as financial instruments, which are exempt. So selling a Maple Leaf or a .9999 bar carries no GST/HST, whoever buys it. Jewellery and 22 karat coins are ordinary goods for GST/HST, but an individual selling personal items is not running a business, so no tax is charged on the sale. The tax you paid when you bought a 22 karat coin is not refunded; it simply forms part of your cost.

Income tax on any profit

The CRA confirmed it administers the enacted inclusion rate of one-half. Your gain is the sale price minus your adjusted cost base (what you paid, including premium and any GST/HST) and selling costs such as shipping. Example: bought a Maple Leaf for CA$4,500 in 2024 and sold it to Kitco for CA$5,846.66 today. The gain is CA$1,346.66, and CA$673.33 is added to your income. Whether trading counts as business is a question of facts under the CRA's T4037 guide. Our Canadian gold tax guide covers losses, registered plans and a full worked example. This is general information, not tax advice.

Do you need ID, and does FINTRAC get told?

Gold dealers sit inside Canada's anti-money-laundering rules. FINTRAC, the federal financial intelligence agency, says dealers in precious metals and stones become reporting entities "when the value of a single transaction is $10,000 or more". Its guidance for these dealers sets out what follows:

• Identity and records. Reporting dealers must identify clients and keep records, so expect to show government-issued photo ID. Gold Stock Canada says valid government-issued photo ID is required for all precious metals transactions, and 401Gold states that it is subject to FINTRAC requirements.
• Large cash. A dealer must report when it receives CA$10,000 or more in cash from the same person, including "two or more cash amounts of less than $10,000 each that total $10,000 or more within 24 consecutive hours".
• Splitting sales. If payments appear to be split to stay under the threshold, FINTRAC says the dealer should file a suspicious transaction report.

None of this makes selling gold difficult for an ordinary owner. It does mean a bank transfer or cheque is usually simpler than cash for a large sale, and that a buyer who asks no questions about a big transaction is a warning sign. Our guide to gold scams covers other red flags.

Thinking about buying again later? Our guide to the best places to buy gold in Canada compares dealer premiums, so your next round trip starts cheaper.

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.