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Value of 1940 Canadian Dollar today

$100 in 1940
$1,923.41 in 2022

The inflation rate in Canada between 1940 and today has been 1,823.41%, which translates into a total increase of $1,823.41. This means that 100 dollars in 1940 are equivalent to 1,923.41 dollars in 2022. In other words, the purchasing power of $100 in 1940 equals $1,923.41 today. The average annual inflation rate between these periods has been 3.67%.

Inflation timeline in Canada (1940 - 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 1940-2021 1,675.65%
Cumulative inflation 1940-today 1,823.41%
Avg. Annual inflation 1940-2021 3.62%
CPI 1940 6.3
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.19

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 1940 and 2021, use the corresponding CPI values:

Value2021
=Value1940 ×
CPI2021/CPI1940
=$ 100 ×
111.88/6.3
$1,775.65

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1940 ×
CPItoday/CPI1940
=$ 100 ×
121.19/6.3
$1,923.41

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 81 years between 1940 and 2021 and the average inflation rate was 3.6154%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036154)81
$1,775.65

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1940 $17.76 dollars in 2021
$5 dollars in 1940 $88.78 dollars in 2021
$10 dollars in 1940 $177.57 dollars in 2021
$50 dollars in 1940 $887.83 dollars in 2021
$100 dollars in 1940 $1,775.65 dollars in 2021
$500 dollars in 1940 $8,878.27 dollars in 2021
$1,000 dollars in 1940 $17,756.53 dollars in 2021
$5,000 dollars in 1940 $88,782.67 dollars in 2021
$10,000 dollars in 1940 $177,565.34 dollars in 2021
$50,000 dollars in 1940 $887,826.7 dollars in 2021
$100,000 dollars in 1940 $1,775,653.4 dollars in 2021
$500,000 dollars in 1940 $8,878,266.99 dollars in 2021
$1,000,000 dollars in 1940 $17,756,533.97 dollars in 2021
Cumulative inflation From 1940 1,823.41%
Avg. annual inflation From 1940 3.67%
CPI 1940 6.3
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1940 100
1941 105.96
1942 110.87
1943 113.27
1944 114
1945 114.73
1946 118.29
1947 128.94
1948 147.34
1949 152.46
1950 156.53
1951 173.04
1952 177.53
1953 175.76
1954 176.91
1955 177.22
1956 179.62
1957 185.58
1958 189.97
1959 192.27
1960 194.88
1961 196.87
1962 198.96
1963 202.19
1964 206.06
1965 210.87
1966 218.91
1967 226.75
1968 235.95
1969 246.71
1970 254.96
1971 261.86
1972 274.92
1973 295.51
1974 328
1975 363.01
1976 390.39
1977 421.53
1978 459.35
1979 501.36
1980 552.14
1981 621
1982 687.88
1983 728.21
1984 759.56
1985 789.66
1986 822.78
1987 858.62
1988 893.21
1989 937.72
1990 982.55
1991 1,037.83
1992 1,053.29
1993 1,072.94
1994 1,074.71
1995 1,097.81
1996 1,115.05
1997 1,133.12
1998 1,144.41
1999 1,164.26
2000 1,195.92
2001 1,226.12
2002 1,253.81
2003 1,288.4
2004 1,312.33
2005 1,341.38
2006 1,368.23
2007 1,397.49
2008 1,430.62
2009 1,434.9
2010 1,460.4
2011 1,502.93
2012 1,525.71
2013 1,540.02
2014 1,569.38
2015 1,587.04
2016 1,609.72
2017 1,635.42
2018 1,672.52
2019 1,705.12
2020 1,717.35
2021 1,775.65
2022-08 1,913.48
Today 1,923.41

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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