Our objective is to educate Canadians on how to invest in physical gold and silver bullion coins and bars through an RRSP, 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 |
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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: |
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  | 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. | |
| $5,000 | | $250 for storage | None | None | | | silvergoldbull.ca |
  | Open Account | READ REVIEW |  | |  |
| | Yes (1.25%) | $1,000 | | None | $19.95/trade | None | | | guildhallwealth.com |
 | Open Account | READ REVIEW | | | |
| | Individualized | $300 | U.S. or Canadian | None | $19.95/trade | Inactivity fee ($20/quarter) | | | bordergold.com |
  | Open Account | Full Review Coming Soon | | | |
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| | | scotiabank.com |
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| | | td.com |
 | Open Account | Full Review Coming Soon | | | |
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| | | cibc.com |
 | Open Account | Full Review Coming Soon | | | |
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| | | rbcroyalbank.com |
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| | | bmo.com |
There are costs to holding physical gold in your RRSP or TFSA. First, the gold and silver must be purchased and verified by a third-party custodian who reports to the Canadian Revenue Agency. Then, it must be transported and securely stored. All of these steps have associated costs that add to the already-high opportunity cost of holding a non-interest earning asset like gold.
At the same time, holding physical gold & silver provides a level of security that other investments cannot. Even gold that is stored in a distant vault can usually be claimed and shipped at any time. Several companies provide Canadians with the services necessary to add physical gold to their retirement portfolios in accordance with the 2005 federal budget laws.
Silver Gold Bull is our top choice in Canada in 2026. 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.
How to Invest in Gold in Canada: Start Here
There are four practical ways a Canadian can own gold, and they suit very different people. The order below is roughly how most people should think about it, from the most direct to the most abstract.
- Physical bullion in a registered account. Gold and silver are the only two metals the Income Tax Regulations allow inside an RRSP or TFSA, and the growth compounds untaxed. This is the reason this site exists.
- Physical bullion held personally. Simplest to buy, no ongoing fees, no counterparty. You handle storage and insurance, and gains are taxable when you sell.
- Bullion ETFs and trusts. Cheap, liquid, RRSP eligible, and you never touch the metal. You pay a management fee every year you hold.
- Mining shares. Leverage to the gold price with equity risk attached. Not a substitute for owning gold.
Live Prices and Buying Guides
Every price page below converts the LBMA benchmark at the Bank of Canada daily rate and carries a full CAD price history chart.
Live gold spot price in Canada
What an ounce, gram and kilo of gold is worth in Canadian dollars right now, with premiums Canadian dealers actually charge.
Live silver spot price in Canada
Silver in CAD, the gold to silver ratio, and why silver premiums run so much higher than gold.
Live platinum spot price in Canada
Platinum in CAD, plus the reason physical platinum cannot go inside an RRSP.
Live palladium spot price in Canada
Palladium in CAD, and the one precious metal that attracts GST or HST in this country.
Where and What to Buy
A current price comparison across four Canadian sellers on the same coin, plus tax rules and the mistakes to avoid.
What Canada largest bank actually charges over spot, product by product, with storage and buyback covered.
Every TD bar priced against its metal value, and the C$3,994 mistake most first time buyers make.
Fees, assets and the hedged versus unhedged decision that cost Canadian investors 28 percentage points over five years.
Canadian bullion dealers compared
Who is worth buying from, and what to check before you send anyone money.
Gold Inside an RRSP or TFSA
The case for holding metal in a registered account, and how much of a portfolio it usually warrants.
Setting up a gold RRSP, step by step
What a self directed plan requires, which trustees permit bullion, and how storage works.
RRSP, TFSA or LIRA for bullion
Which registered account suits which situation, with the purity and refiner rules that decide eligibility.
Will Your Retirement Weather the Next Financial Crisis?
Gold has been used as an inflation hedge and a way to preserve wealth for millennia. We partnered with Silver Gold Bull, Canada's top-rated gold company (with over 280,000 five-star reviews), to offer Canadians a low-cost and tax-advantaged way to buy gold and silver through an RRSP/TFSA or another retirement plan.
Request More Info
Website: www.SilverGoldBull.ca
Speak to an Expert: (877) 707-4707
2 Comments on How to Invest in Gold in Canada: Physical Gold & Silver for Your RRSP or TFSA
Comments are closed.
I would like to buy physical gold for an rrsp. Can we keep it in our safe at home
By storing offshore, does this eliminate capital gains tax in Canada? Also, I have RRSP locked in investments, can I move them over to gold bullion?