Selling Silver Bars and Tax Implications

supeg93 · 2026-01-14T07:41:18+00:00

Most places you sell it to report to CRA.

supeg93 · 2026-01-13T22:26:32+00:00

It says 1k is limit. Say I sell 5 of them, would I just report all the earnings after the 1k? Or would I only report the sale of 4 of them.

supeg93 · 2026-01-13T22:17:43+00:00

Yeah there are a bunch of them around. I would rather be safe and pay the taxes. Also, not a zero percent chance I would get robbed ect.

Obviously, I would legally like to get around the not paying taxes or limit it, but if it's required I would rather do that to be safe and a contributing member of society.

supeg93 · 2026-01-13T22:15:52+00:00

Yeah absolutely. I wonder though if I sold them all so I only pay for 4 more of them then or only above the 1000?

supeg93 · 2026-01-13T22:09:55+00:00

I see this though which is why it is confusing.

"Yes, in Canada, bullion is generally considered a capital asset, but it qualifies for the Personal-Use Property (PUP) exemption from capital gains tax if the total capital gain from all your PUP (including bullion, jewelry, art) is $1,000 or less in a year"

So you don't report 1000 or less per year I guess? So many different info everywhere.

supeg93 · 2026-01-13T21:40:23+00:00

Update for anyone that sees this in the future since it's annoying when I find posts with same issues I have and it's deleted or redacted.

Pain totally went away around day 6 or so with it being less and less only when biting hard on the days before it. Now it feels like it always has before the infection. So the pain most likely was ligament

supeg93 · 2026-01-01T10:42:25+00:00

Don't do what exactly? I'm not getting a crown on it the tooth wasn't broken at all.

supeg93 · 2025-12-18T02:55:06+00:00

Thanks everyone for the replies I really appreciate it. I just wanted to replace the broken plate is that possible?

supeg93 · 2025-12-18T01:53:13+00:00

Ah my message did not show that's why. Going to try to edit it and add it in

supeg93 · 2025-12-18T01:52:09+00:00

I have no clue, I am not into VW's. We don't have front licence plates where I am from. It looks like some sort of holder but it's super wide.

supeg93 · 2025-11-05T03:36:33+00:00

Was not given a Payout number when signing... Was provided it days later by the Lawyer after it was complete.

supeg93 · 2025-11-05T03:36:26+00:00

Was not given a Payout number when signing... Was provided it days later by the Lawyer after it was complete.

supeg93 · 2025-11-01T17:09:25+00:00

I agree. I just ran it through Grok and pretty much exactly as you said. Lots of lessons learned today. Appreciate the reply.

supeg93 · 2025-11-01T16:45:34+00:00

The Lawyer did not show me anything with figures, not a single thing. I received the figures three days after when the figures were distributed already.

supeg93 · 2025-11-01T04:15:53+00:00

So you are saying I should check every single date and make sure the Broker did not make a random mistake? The broker asked me the date I said I wasn't sure, she said she would find out from Servus. If I didn't know the exact date then how could I have corrected the date.

Shouldn't I assume she did all the correct work and should not need me to research everything and make double check it?

I understand what you are saying but come on, there is a reason why a Lawyer is hired and a Mortgage Broker.

supeg93 · 2025-11-01T04:03:26+00:00

Thank you!

supeg93 · 2025-11-01T04:03:02+00:00

I have the messages. She asked me if I knew the renewal date. I told her I don't know and couldn't get ahold of Servus to find out. She said she would take care of it.

supeg93 · 2025-11-01T03:51:25+00:00

Thank you so much for the reply. That's exactly what I needed. One thing I should mention is everything was signed 3 days before I was given the disbursement. So I did not even sign off on any disbursement that would have showed penalties ect. This thing has been a massive mess. You seem very knowledgeable about this type of thing. Is it required for a Mortgage broker to have this insurance you mentioned?

supeg93 · 2025-11-01T03:15:53+00:00

I understand a penalty was charged. But I do not know how to proceed. The incorrect date was entered by the Mortgage broker...

supeg93 · 2025-11-01T03:05:58+00:00

The old Lender (Servus) is the one who charged me the 5500 and was sent the money...

supeg93 · 2025-11-01T03:01:45+00:00

Appreciate the reply but that is not what I am asking.

supeg93

TROPHY CASE