I found an article that states "1oz Silver Maple bullion coins, are in fact exempted from capital gains taxes."
Essentially, any coin that was purchased for under $1000 and also sold for under $1000 is considered Listed Personal Property (LPP) under the Canadian Tax Code. LPP is a specific type of Personal-Use Property which would include such things as a boat, car, or furniture. The only attribute that distinguishes LPP from Personal-Use Property is that LPP would generally be expected to increase in value over time, (such as in the case of jewelry, rare art, a stamp collection, or coins) whereas Personal-Use Property tends to depreciate (as with a boat, car, or furniture).
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