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Value of 1916 Canadian Dollar today

$100 in 1916
$2,296.01 in 2022

The inflation rate in Canada between 1916 and today has been 2,196.01%, which translates into a total increase of $2,196.01. This means that 100 dollars in 1916 are equivalent to 2,296.01 dollars in 2022. In other words, the purchasing power of $100 in 1916 equals $2,296.01 today. The average annual inflation rate between these periods has been 3%.

Inflation timeline in Canada (1916 - 2022)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (CAD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1916-2021 2,018.83%
Cumulative inflation 1916-today 2,196.01%
Avg. Annual inflation 1916-2021 2.95%
CPI 1916 5.28
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.24

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1916 and 2021, use the corresponding CPI values:

Value2021
=Value1916 ×
CPI2021/CPI1916
=$ 100 ×
111.88/5.28
$2,118.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.24:

Valuetoday
=Value1916 ×
CPItoday/CPI1916
=$ 100 ×
121.24/5.28
$2,296.01

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 105 years between 1916 and 2021 and the average inflation rate was 2.9507%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.029507)105
$2,118.83

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1916 $21.19 dollars in 2021
$5 dollars in 1916 $105.94 dollars in 2021
$10 dollars in 1916 $211.88 dollars in 2021
$50 dollars in 1916 $1,059.41 dollars in 2021
$100 dollars in 1916 $2,118.83 dollars in 2021
$500 dollars in 1916 $10,594.14 dollars in 2021
$1,000 dollars in 1916 $21,188.28 dollars in 2021
$5,000 dollars in 1916 $105,941.41 dollars in 2021
$10,000 dollars in 1916 $211,882.81 dollars in 2021
$50,000 dollars in 1916 $1,059,414.05 dollars in 2021
$100,000 dollars in 1916 $2,118,828.1 dollars in 2021
$500,000 dollars in 1916 $10,594,140.5 dollars in 2021
$1,000,000 dollars in 1916 $21,188,281 dollars in 2021
Cumulative inflation From 1916 2,196.01%
Avg. annual inflation From 1916 3%
CPI 1916 5.28
CPI today 121.24

Value of Dollar over time (by year)

Period Value
1916 100
1917 117.96
1918 133.42
1919 146.13
1920 169.95
1921 149.38
1922 137.66
1923 137.66
1924 135.04
1925 136.66
1926 137.66
1927 135.66
1928 136.66
1929 138.03
1930 136.66
1931 123.19
1932 111.6
1933 106.73
1934 107.98
1935 108.48
1936 110.72
1937 114.71
1938 115.34
1939 114.46
1940 119.33
1941 126.43
1942 132.29
1943 135.16
1944 136.03
1945 136.91
1946 141.15
1947 153.87
1948 175.81
1949 181.92
1950 186.78
1951 206.48
1952 211.85
1953 209.73
1954 211.1
1955 211.47
1956 214.34
1957 221.45
1958 226.68
1959 229.43
1960 232.54
1961 234.91
1962 237.41
1963 241.27
1964 245.89
1965 251.62
1966 261.22
1967 270.57
1968 281.55
1969 294.39
1970 304.24
1971 312.47
1972 328.05
1973 352.62
1974 391.4
1975 433.17
1976 465.84
1977 502.99
1978 548.13
1979 598.25
1980 658.85
1981 741.02
1982 820.82
1983 868.95
1984 906.36
1985 942.27
1986 981.8
1987 1,024.56
1988 1,065.84
1989 1,118.95
1990 1,172.44
1991 1,238.4
1992 1,256.86
1993 1,280.3
1994 1,282.42
1995 1,309.97
1996 1,330.55
1997 1,352.12
1998 1,365.59
1999 1,389.28
2000 1,427.06
2001 1,463.09
2002 1,496.13
2003 1,537.41
2004 1,565.96
2005 1,600.62
2006 1,632.67
2007 1,667.58
2008 1,707.11
2009 1,712.22
2010 1,742.64
2011 1,793.39
2012 1,820.57
2013 1,837.66
2014 1,872.69
2015 1,893.77
2016 1,920.82
2017 1,951.5
2018 1,995.76
2019 2,034.66
2020 2,049.25
2021 2,118.83
2022-08 2,283.29
Today 2,296.01

All available years

Today's value of canadian dollar by year:

1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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