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Buying Gold and Silver in Nova Scotia
Buying from Nova Scotia Gold Dealers
Thanks to the high costs involved in gold and silver buying investment bullion from gold dealers in Nova Scotia should be undertaken with care, and due diligence, especially when buying from a new dealer for the first time.
Investigate the dealer’s reputation online if possible, by reading reviews either here at Bullion.Directory or on other general business review websites, such as the Atlantic Provinces BBB. Examine consumer protection advice at Nova Scotia Consumer Awareness – and review listings or request advice from the Atlantic Provinces Chamber of Commerce – you may be surprised at what you learn.
Finally, after you’ve completed your purchase please add to our Nova Scotia gold dealer reviews, by rating and reviewing your chosen company above – this will help future investors best select an NS gold dealer suited to their needs.
Are Bullion Sales Taxed in Nova Scotia?
Most precious metal bullion in Canada is exempt from GST/HST provided the precious metals are defined as bars, ingots, coins or wafers of gold, silver or platinum, refined to a minimum purity of 99.50% for gold and platinum, or 99.9% for silver.
Note that palladium products ARE subject to HST/GST.
For bullion and coins that fall outside of these purities, Nova Scotia charges HST at 15% (The highest in Canada) however there is zero PST on NS bullion.
Bullion and coins are liable to Capital Gains Tax within Nova Scotia as they are across Canada, subject to Personal-Use Property exemptions. Listed Personal Property (LPP) rules state that coins with a resale value and gain of $1000 or less are exempt from a capital gain.
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IMPORTANT: The above tax details are listed for information purposes only and are believed correct at time of publication. Bullion.Directory are not tax experts. All enquiries about national and provincial taxes should be addressed to the appropriate local body. Taxes and taxation are subject to change.