Buying silver in Brandon, MB
Investment-grade silver is exempt from GST/HST everywhere in Canada. In Brandon, jewellery and other taxable silver items carry 5% GST plus 7% RST (12% in total), the Manitoba rate.
Silver has one national spot price in Canadian dollars: the prices on this page are the same as on the silver price in Canada page. What differs in Brandon is tax, explained below and on the Manitoba page.
Sales tax on silver in Brandon
Canada has no city sales tax, so in Brandon you pay Manitoba's rates. Investment-grade silver (silver of at least 99.9% purity, in bars, wafers or coins) is exempt from GST/HST. Sterling silver, 90% and 80% silver coins and collector coins sold above their metal value, and silver jewellery and sterling silverware carry 5% GST plus 7% RST (12% in total), charged on the full price including the making charge or premium.
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).
Full provincial rules: silver price and tax in Manitoba.
Silver in Brandon
Brandon is Manitoba's second-largest city and the regional centre for western Manitoba.
Tax when you sell silver in Brandon
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.
Selling silver or jewellery to a dealer in Brandon
- 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.
Buying and selling in Brandon
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; compare a few dealers' buy and sell prices on the same day.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.