What is the sales tax on silver jewellery and sterling silverware in Ontario?

13% HST, on the full price including the making charge.

Do you pay tax when you sell silver in Ontario?

No sales tax applies when you sell. A profit on bullion held as an investment is usually a capital gain: half of it is added to your income and taxed at your federal and Ontario rates.

Is the silver price different in Ontario?

No. Silver has one price in Canadian dollars across Canada, the world spot price converted at the day's exchange rate. What differs is tax and the premium each dealer charges.

Silver Price in Ontario Today: CAD per Ounce & Gram, HST on Silver

Q: Is there sales tax on silver in Ontario?

Not on investment-grade bullion: silver of at least 99.9% purity in bars, wafers or coins is exempt from GST/HST. Jewellery and lower-purity coins carry 13% HST.

Silver Price in Ontario Today

Today's silver rate in Ontario: silver $75.54 per ounce, silver $2.43 per gram (as of Oct 23, 2026, 17:00 EDT). This is based on spot silver at $53.94 per troy ounce and 1 USD = 1.4004 CAD. Sterling silver with sales tax (13% HST on jewellery and non-investment items; metal value before making charges): about $2.54 for sterling silver (925) per gram. Change today: −1.28% in CAD terms.

Date	Silver per ounce / 1 ounce	Silver per gram / 1 gram	Change
Oct 23Fri	$75.21	$2.42	−2.20%
Oct 22Thu	$76.90	$2.47	−4.79%
Oct 21Wed	$80.77	$2.60	−0.77%
Oct 20Tue	$81.39	$2.62	+1.18%
Oct 19Mon	$80.44	$2.59	−0.56%
Oct 16Fri	$80.89	$2.60	+0.14%
Oct 15Thu	$80.78	$2.60	+2.29%
Oct 14Wed	$78.98	$2.54	−6.52%
Oct 13Tue	$84.48	$2.72	−1.48%
Oct 12Mon	$85.76	$2.76	−0.63%

Date

Silver per ounce / 1 ounce

Silver per gram / 1 gram

Change

Oct 23Fri

$75.21

$2.42

−2.20%

Oct 22Thu

$76.90

$2.47

−4.79%

Oct 21Wed

$80.77

$2.60

−0.77%

Oct 20Tue

$81.39

$2.62

+1.18%

Oct 19Mon

$80.44

$2.59

−0.56%

Oct 16Fri

$80.89

$2.60

+0.14%

Oct 15Thu

$80.78

$2.60

+2.29%

Oct 14Wed

$78.98

$2.54

−6.52%

Oct 13Tue

$84.48

$2.72

−1.48%

Oct 12Mon

$85.76

$2.76

−0.63%

Purity	1 gram	1 ounce	10 ounces	100 grams	1 kilo	100 ounces
Fine silver9999 fine	$2.43	$75.54	$755.35	$242.85	$2,428.52	$7,553.54
Sterling silver925 fine	$2.25	$69.87	$698.70	$224.64	$2,246.38	$6,987.03
1920–1967 coins800 fine	$1.94	$60.43	$604.28	$194.28	$1,942.82	$6,042.83
1967–68 coins500 fine	$1.21	$37.77	$377.68	$121.43	$1,214.26	$3,776.77

Purity

1 gram

1 ounce

10 ounces

100 grams

1 kilo

100 ounces

Fine silver9999 fine

$2.43

$75.54

$755.35

$242.85

$2,428.52

$7,553.54

Sterling silver925 fine

$2.25

$69.87

$698.70

$224.64

$2,246.38

$6,987.03

1920–1967 coins800 fine

$1.94

$60.43

$604.28

$194.28

$1,942.82

$6,042.83

1967–68 coins500 fine

$1.21

$37.77

$377.68

$121.43

$1,214.26

$3,776.77

Coin	Pure silver	Melt value
Silver Maple Leaf 1 oz (999.9)	31.103 g	$75.54
1920–1966 quarter (5.83 g, 80%)	4.664 g	$11.33
1920–1966 dime (2.33 g, 80%)	1.864 g	$4.53
1935–1967 silver dollar (23.33 g, 80%)	18.664 g	$45.33
1967–68 quarter (5.83 g, 50%)	2.915 g	$7.08
Silver bar 10 oz (999)	311.035 g	$755.35
Silver bar 100 oz (999)	3,110.348 g	$7,553.54
Silver bar 1 kilo (999)	1,000.000 g	$2,428.52

Coin

Pure silver

Melt value

Silver Maple Leaf 1 oz (999.9)

31.103 g

$75.54

1920–1966 quarter (5.83 g, 80%)

4.664 g

$11.33

1920–1966 dime (2.33 g, 80%)

1.864 g

$4.53

1935–1967 silver dollar (23.33 g, 80%)

18.664 g

$45.33

1967–68 quarter (5.83 g, 50%)

2.915 g

$7.08

Silver bar 10 oz (999)

311.035 g

$755.35

Silver bar 100 oz (999)

3,110.348 g

$7,553.54

Silver bar 1 kilo (999)

1,000.000 g

$2,428.52

Buying silver in Ontario

Investment-grade silver (silver of at least 99.9% purity, in bars, wafers or coins) is exempt from GST/HST everywhere in Canada. In Ontario, jewellery and other taxable silver items carry 13% HST.

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 Ontario is tax, explained below.

Sales tax on silver in Ontario

HST follows the federal rule, so investment-grade bullion is exempt from the full 13% HST.

Taxable everywhere: sterling silver, 90% and 80% silver coins and collector coins sold above their metal value, and silver jewellery and sterling silverware. In Ontario these carry 13% HST, 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 silver in Ontario

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 Ontario's, at your provincial marginal rate. Sales tax does not apply when you sell bullion to a dealer.

Silver in Ontario

The Royal Canadian Mint's head office and refinery are in Ottawa, where it makes Gold Maple Leaf and Silver Maple Leaf bullion coins and has a public boutique.

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 Toronto and Ottawa.

Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.

Silver Price in Ontario Today

Silver rate today · CAD

Silver price in CAD · per ounce

Silver Rate in Ontario: Last 10 Days

Silver Rate in Ontario by Purity and Weight

Coin and bar melt values

Silver Performance in CAD

Buying silver in Ontario

Sales tax on silver in Ontario

The federal rule

Tax when you sell silver in Ontario

Silver in Ontario

Buying and selling

Silver value calculator · CAD

How we calculate

Silver Price in Ontario: FAQ

Silver Price in Other Provinces

Silver Price in Other Countries