Gold, Silver, Platinum Bars, Coins – The Canadian Advantage
In an era marked by compromised national economies, driven by debt and lax regulatory frameworks, it becomes wise to assess the business conditions of the country where your bullion product is acquired and stored. This consideration underscores the unique advantages of owning gold, silver, and platinum bars and coins—The Canadian Advantage.
BMG Group Inc. is headquartered in Toronto, Canada, a country recognized as the best for business globally, according to Forbes Magazine’s study of 134 countries in October 2011. Additionally, the Economist Intelligence Unit (EIU) affirms that Canada stands out as the top country among the G7 for conducting business over the next five years.
BMG offers a framework for diversifying your portfolio by providing a cost-effective and convenient avenue to buy, sell, and store gold, silver, and platinum bullion in one of the world’s most secure countries.
Canada is widely acknowledged as a safe haven, earning global recognition for fiscal responsibility, stable governance, tolerance, and a commitment to individual liabilities.
The six leading charter banks in Canada consistently rank among the most stable globally. They constitute a national, rather than regional, banking system, contributing to the overall health of the entire Canadian economy. This longstanding reputation for stability was further reinforced as Canada’s banks successfully sidestepped the subprime contagion that affected numerous major financial institutions worldwide.
Canada’s economy is grounded in natural resources, with an abundant supply of wheat, oil, lumber, minerals, and water. This substantial resource base has played a significant role in the notable strengthening of its currency against the US dollar in recent years. Projections indicate that not only will Canada achieve a balanced budget in 2015, but it is expected to yield a surplus.
Internationally recognized for its stable democratic political system and commitment to multiculturalism, Canada stands out on the global stage. Toronto, the financial capital and corporate headquarters of BMG, proudly holds the distinction of being the world’s most multicultural city.
In contrast to several other nations such as the U.K. and much of Europe, Canada does not impose any form of sales tax on silver and platinum bullion purchases. This translates to no Harmonized Sales Tax (HST) or Value Added Tax (VAT) equivalent. Taxes are applied to capital gains in the individual’s country of residence. It’s worth noting that, like many countries, Canada does not levy taxes on gold bullion acquisitions. Non-resident Canadians are not subject to any withholding tax, and any capital gains tax would adhere to the tax regulations of the respective country of residence.
Gold, silver, platinum bullion bars, coins when buying and storing in Canada. Contact us to learn more.