Gold, Silver, Platinum Bars, Coins – The Canadian Advantage
At a time when national economies have been compromised by debt and loose regulatory frameworks, it is prudent to consider the business conditions of the country where your bullion product is purchased and stored. That is what makes owning gold, silver, platinum bars, coins – The Canadian Advantage
The Toronto head office location of Bullion Management Group Inc. is in Canada, the best country for business in the world, as reported by Forbes Magazine in its October 2011 study of 134 countries. The Economist Intelligence Unit (EIU) also states Canada is the best country among the G7 to do business over the next five years.
BMG provides a structure for diversifying your portfolio through a cost-effective and convenient way to purchase, sell and store gold, silver and platinum bullion in one of the world’s safest countries.
Canada is widely regarded as a safe haven with a global reputation for fiscal responsibility, sound government, tolerance, and a respect for personal liabilities.
Canada’s top six major charter banks are ranked as some of the most stable in world. They represent a national rather than a regional banking system that ensures the health of the entire country’s economy. Although this has been the case for decades, Canada’s banks further strengthened this reputation by avoiding the subprime contagion that infected many of the world’s other major financial institutions.
Canada is a natural resource-based economy, thanks to the country’s vast supply of wheat, oil, lumber, minerals and water. This is why its currency has strengthened so significantly against the US dollar over the past few years. Canada will not only balance its budget in 2015, but will have a surplus.
Canada is also known internationally for its stable democratic political system and its embrace of multiculturalism. Toronto, Canada’s financial capital and the corporate home of BMG, holds the honorable distinction of being the world’s most multicultural city.
Unlike many other countries like the U.K. and much of Europe, Canada does not charge sales tax of any type on purchases of silver and platinum bullion. This means no HST or VAT equivalent. Taxes are charged on capital gains in the country of residence. Most countries, including Canada, do not tax gold bullion purchases. There is no withholding tax of any type for non-resident Canadians. A capital gains tax would be based on the tax rules of the country of residence.
Gold, silver, platinum bullion bars, coins when buying and storing in Canada. Contact us to learn more.