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Selling Gold or Silver Bullion In Canada?

Know The Facts

Retailers in Canada are required by law to file T5008 Statement of Securities Transactions slips for individuals who sell more than $200 in total, annually, in precious metals. Namely, gold, silver, platinum and palladium bars, wafers, and coins. Retailers are not required to file T-5008 Information Returns for the sale of jewelry or numismatic coins.

This information slip reports the amount paid or credited to you for securities you disposed of or redeemed during the year. These transactions may be on account of income or capital.

For more information, please visit the following:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4091/t5008-guide-return-securities-transactions-2016.html#P129_4770

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ic82-2/social-insurance-number-legislation-that-relates-preparation-information-slips.html