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Gold And Jewelry Stores Management in Canada

What professionals in this field deal with in Canada, from official sources, and a program built for the profession that keeps your records on your own computer.

From $4 a month (about 5.65 CAD)

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Official systems and rules for this profession in Canada

Bawabetna summaries of official publications, each linked to its source. The official text prevails. These systems are run by the authorities: you use them directly, and the program keeps your own records organised alongside them.

Anti-money laundering compliance program (FINTRAC)

Dealers in precious metals and precious stones are reporting entities under the federal anti-money laundering act and must implement a compliance program: appoint a person responsible for it, apply written and up-to-date compliance policies and procedures, assess and document their money laundering and terrorist financing risk (clients, services, delivery channels, locations), keep a written ongoing training program for staff and agents, and review the program regularly.

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (SOR/2002-184), section 156 · Official source

What the program does

  • Working screens: Customer, Gold rate, Piece, Gold sale, Sale line, Scrap purchase, Jewelry repair.
  • Home page alerts: Today's gram rates, Sales today, Open sales, Pieces in the store, Scrap gold in the store, Repairs ready for pickup, Consignment / memo returns due (14 days).
  • Reports: Stock by karat (grams), Sales by day, Grams sold by karat, Scrap bought by karat.
  • Printing: Print sale invoice, Print piece tag, Print scrap receipt.
  • Roles with their own permissions: Store owner, Sales staff, Store keeper, Manager.

Full program details

Common to every Bawabetna program

  • Your records stay encrypted on your own devices
  • Works without internet
  • 16 languages, printing and backups
  • Import from your previous software
  • Clients control their own consent

Business rules in Canada included in your program

GST/HST: rates and registration

Federal GST is 5%; in the provinces that harmonised (HST): 13% in Ontario, 14% in Nova Scotia (since 1 April 2025), and 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island. Alberta, British Columbia, Manitoba, Quebec, Saskatchewan and the three territories: 5%, and the province may add its own sales tax. A small supplier need not register until taxable sales exceed CAD 30,000 over four consecutive calendar quarters (50,000 for public service bodies; charities also have a 250,000 gross revenue test). Reference: Canada Revenue Agency.

Official source

Other professions in Canada

Gold And Jewelry Stores Management in other countries

Bawabetna in Canada