Can you hold gold in an RRSP?

Yes, if your RRSP is self-directed and the trustee accepts bullion. The metal must meet the qualified-investment rules in section 4900 of the Income Tax Regulations: minimum purity, an approved producer (the Royal Canadian Mint for coins, an LBMA Good Delivery refiner for bars) and an approved seller.

Can you buy gold in Canada as an RRSP?

Yes, through a self-directed RRSP. Gold and silver bullion coins, bars and certificates can qualify if they meet every test in section 4900 of the Income Tax Regulations. Gold ETFs and gold mining shares listed on a designated stock exchange also qualify.

Is buying gold a good investment for retirement?

It depends on your goals and the rest of your portfolio. Some investors hold a small share of gold as a partial hedge against inflation and currency moves and to diversify away from stocks and bonds. Gold pays no income, can fall sharply, and costs money to store in physical form. A qualified financial advisor can help you decide whether it fits.

Can I put gold in TFSA?

Yes. The rules in the Income Tax Regulations that let an RRSP hold qualifying gold and silver bullion also apply to TFSAs. A self-directed TFSA can hold qualifying bullion coins, bars and certificates, as well as gold ETFs and mining shares listed on a designated stock exchange. Not every TFSA issuer offers physical metal, so check with the issuer first. Our Gold TFSA guide covers the details.

Gold RRSP in Canada: Everything You Need to Know