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Value of 1941 Canadian Dollar today

$100 in 1941
$1,816.33 in 2022

The inflation rate in Canada between 1941 and today has been 1,716.33%, which translates into a total increase of $1,716.33. This means that 100 dollars in 1941 are equivalent to 1,816.33 dollars in 2022. In other words, the purchasing power of $100 in 1941 equals $1,816.33 today. The average annual inflation rate between these periods has been 3.64%.

Inflation timeline in Canada (1941 - 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 1941-2021 1,575.84%
Cumulative inflation 1941-today 1,716.33%
Avg. Annual inflation 1941-2021 3.59%
CPI 1941 6.68
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.26

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 1941 and 2021, use the corresponding CPI values:

Value2021
=Value1941 ×
CPI2021/CPI1941
=$ 100 ×
111.88/6.68
$1,675.84

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.26:

Valuetoday
=Value1941 ×
CPItoday/CPI1941
=$ 100 ×
121.26/6.68
$1,816.33

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 80 years between 1941 and 2021 and the average inflation rate was 3.5864%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035864)80
$1,675.84

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1941 $16.76 dollars in 2021
$5 dollars in 1941 $83.79 dollars in 2021
$10 dollars in 1941 $167.58 dollars in 2021
$50 dollars in 1941 $837.92 dollars in 2021
$100 dollars in 1941 $1,675.84 dollars in 2021
$500 dollars in 1941 $8,379.19 dollars in 2021
$1,000 dollars in 1941 $16,758.39 dollars in 2021
$5,000 dollars in 1941 $83,791.93 dollars in 2021
$10,000 dollars in 1941 $167,583.86 dollars in 2021
$50,000 dollars in 1941 $837,919.32 dollars in 2021
$100,000 dollars in 1941 $1,675,838.63 dollars in 2021
$500,000 dollars in 1941 $8,379,193.16 dollars in 2021
$1,000,000 dollars in 1941 $16,758,386.32 dollars in 2021
Cumulative inflation From 1941 1,716.33%
Avg. annual inflation From 1941 3.64%
CPI 1941 6.68
CPI today 121.26

Value of Dollar over time (by year)

Period Value
1941 100
1942 104.64
1943 106.9
1944 107.59
1945 108.28
1946 111.64
1947 121.7
1948 139.05
1949 143.89
1950 147.73
1951 163.31
1952 167.55
1953 165.88
1954 166.96
1955 167.26
1956 169.53
1957 175.15
1958 179.29
1959 181.46
1960 183.93
1961 185.8
1962 187.77
1963 190.83
1964 194.48
1965 199.01
1966 206.61
1967 214
1968 222.68
1969 232.84
1970 240.63
1971 247.14
1972 259.47
1973 278.9
1974 309.57
1975 342.6
1976 368.44
1977 397.83
1978 433.53
1979 473.18
1980 521.1
1981 586.09
1982 649.21
1983 687.28
1984 716.86
1985 745.27
1986 776.53
1987 810.36
1988 843
1989 885.01
1990 927.32
1991 979.49
1992 994.08
1993 1,012.62
1994 1,014.3
1995 1,036.09
1996 1,052.37
1997 1,069.43
1998 1,080.08
1999 1,098.82
2000 1,128.7
2001 1,157.2
2002 1,183.33
2003 1,215.98
2004 1,238.56
2005 1,265.98
2006 1,291.32
2007 1,318.93
2008 1,350.2
2009 1,354.24
2010 1,378.3
2011 1,418.44
2012 1,439.94
2013 1,453.45
2014 1,481.16
2015 1,497.83
2016 1,519.23
2017 1,543.49
2018 1,578.5
2019 1,609.27
2020 1,620.81
2021 1,675.84
2022-08 1,805.92
Today 1,816.33

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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