Gold RRSP

Our objective is to educate Canadians on how to invest in physical gold and silver bullion coins and bars through an RSP, TFSA, LIRA (or other retirement plans).

We understand that there are several ways to invest in gold and silver in Canada, but our portal focuses on precious metal investments through RRSP/TFSA plans and other qualified savings accounts. Traditional financial institutions such as TD, RBC, CIBS and others only offer “paper gold” investments such as gold ETFs and mining stocks. If you want to invest in physical precious metals to hedge against inflation or economic uncertainty, you are at the right place.

As of 2005, the Canadian Revenue Agency (CRA) allows Canadian retirement account holders to invest in highly pure investment-grade precious metals coins and bars such as:

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Canadian Gold Maple Leaf

Canadian Silver Maple Leaf

American Gold Eagle

American Silver Eagle

Austrian Gold Philharmonic

Austrian Silver Philharmonic

PAMP Suisse Gold Bar

Credit Suisse Gold Bars

Valcambi Gold Bars

» View other precious metals

The CRA states that bullion products must be at least 99.5% pure, be produced by an accredited refinery, and purchased directly from the refiner, producer or a government-regulated financial institution. Also, the coins’ value must be derived from its gold content and not from its value as a collectible. In fact, no collectible coins are allowed as RRSP investments.

Investing in gold and silver through an RRSP is the preferred way to invest in precious metals because it is tax-advantaged, secure and ensures you are getting only the highest grade bullion when it comes to purity. It offers much more protection against an economic collapse than ‘paper gold’ investments such as ETFs, mutual funds, or gold mining stocks.

Where and How to Buy Gold & Silver in Canada

Company Name:	RRSP Account Page:	Read Review:	Offers Physical Bullion?	Acts as Bullion Dealer:	Offers Gold and Silver Certificates:	Commission on Bullion or Certificate Trades:	Both Local & Offshore Storage Option:	Storage or Safekeeping Fees:	Minimum Purchase:	U.S. funds:	Annual Fee:	Commission on Basic Online Equity Trade:	Other Fees:	Option to Take Delivery of Physical Bullion:	Handles the Entire Process?:	Visit Website:
	Open Account	READ REVIEW				Normally 5% to %10 depending on the type of product. We recommend asking them which bullion bars are on special when you call.		segragated storage: $250 FLAT rate regardless of the size of the account	$5,000		$250 for storage	None	None			silvergoldbull.ca
	Open Account	READ REVIEW				Bullion: 9.25%		Yes (1.25%)	$1,000		None	$19.95/trade	None			guildhallwealth.com
	Open Account	READ REVIEW				Bullion: 4%		Individualized	$300	U.S. or Canadian	None	$19.95/trade	Inactivity fee ($20/quarter)			bordergold.com
	Open Account	Full Review Coming Soon				Certificates: 0.25% of trade value (under $100,000) or 0.125% of trade value (over $100,000) minimum: $39.95		safekeeping gold certificate: $0.0003/oz/day (up to 2000oz) $0.0002/oz/day (2000 oz -10,000 oz) 0.0001/oz/day (over 10,000 oz) safekeeping silver certificate: $0.05/50 oz/month minimum annual fee: $5	gold certificate: 10 oz silver certificate: 500 oz		$100 waived for accounts over $25,000 or over 12 commissionable trades/year	$24.99 $9.99 for accounts over $50,000 or after 30 trades/quarter $4.99 after 150 trades/quarter	$25/quarter for low activity, waived if balance is over $25,000 $30/quarter for U.S. friendly RRSP			scotiabank.com
	Open Account	Full Review Coming Soon				Gold certificate: $25 + $0.60/oz silver certificates: $25 + $0.02/oz		safekeeping gold certificate: $0.01/month/oz safekeeping silver certificate: $0.001/month/oz	gold certificate: 1 oz silver certificate: 10 oz		$100 waived for accounts over $25,000	$9.99 $7 after 150 trades/quarter	None			td.com
	Open Account	Full Review Coming Soon				Certificates: $40 + 0.25% of trade value (under $20,000) or $40 + 0.125% of trade value ($20,000-$100,000) or $40 + 0.105% of trade value (over $100,000)		safekeeping gold certificate: $0.001091/oz/year safekeeping silver certificate: $0.00012/oz/year	gold certificate: 10 oz silver certificate: 100 oz		$100 waived for accounts over $25,000	$6.95	$25/quarter for low activity if balance is under $25k $30/quarter for U.S. friendly RRSP			cibc.com
	Open Account	Full Review Coming Soon				Gold certificate: $28.95/trade + $1/oz silver certificate: $28.95/trade + $0.10/oz minimum commission is $43/trade		no safekeeping fee	gold certificate: 5 oz silver certificate: 100 oz		$25/quarter waived for accounts over $15,000	$9.95 $6.95 after 150 trades/quarter	None			rbcroyalbank.com
	Open Account	Full Review Coming Soon				Gold certificate: $35 + $1/oz silver certificate: $35 + 0.10/oz		no safekeeping fee	gold certificate: 5 oz silver certificate: 50 oz		$100 waived for accounts over $25,000	$9.95	None			bmo.com

Silver Gold Bull is our top choice in Canada in 2024. They offer one of the largest selections of coins and bars, although beware that most of them are NOT eligible for RRSP/TFSA inclusion.

Silver Gold Bull is a Calgary-based dealer that operates in both the US and Canada. The company allows users to trade qualifying gold coins and bars through any savings account. Assets can be shipped to the purchaser or shipped to one of their secure storage partners in Toronto or Calgary.

Silver Gold Bull will not act as your brokerage for the RRSP. When we spoke with them over the phone, they said that they partner up with Questrade for the brokerage part. See our gold dealer comparison table for more details.

Two Types of Gold & Silver You Can Buy in Canada

Canadians interested in buying gold and silver have two options to choose from:

Paper Gold Investments (Gold certificates, ETFs, mining stocks and other). These are available at most financial institutions. They are easy to buy and liquidate, but don’t offer the same level of protection as owning the physical asset.

Physical Gold & Silver Bullion (High Purity Coins and Bars). You can buy these products from any precious metal dealer if you have cash at hand, but if you want to invest in physical bullion through a registered retirement plan, only a handful of companies in Canada can help you.