In the Canadian Federal Budget of February 2005, Precious Metals were added to the list of RSP eligible investments. Legal tender bullion coins will qualify if they are produced by the Royal Canadian Mint and all or substantially all of the fair market value is attributed to their precious metal content.
Gold must be at least 99.5% pure. The investment will have to be purchased from the producer of the Precious Metal, or from a regulated financial institution. This is effective for investments made on or after February 23, 2005.