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Value of 1945 Canadian Dollar today

$100 in 1945
$1,677.05 in 2022

The inflation rate in Canada between 1945 and today has been 1,577.05%, which translates into a total increase of $1,577.05. This means that 100 dollars in 1945 are equivalent to 1,677.05 dollars in 2022. In other words, the purchasing power of $100 in 1945 equals $1,677.05 today. The average annual inflation rate between these periods has been 3.73%.

Inflation timeline in Canada (1945 - 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 1945-2021 1,447.63%
Cumulative inflation 1945-today 1,577.05%
Avg. Annual inflation 1945-2021 3.67%
CPI 1945 7.23
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 1945 and 2021, use the corresponding CPI values:

Value2021
=Value1945 ×
CPI2021/CPI1945
=$ 100 ×
111.88/7.23
$1,547.63

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

Valuetoday
=Value1945 ×
CPItoday/CPI1945
=$ 100 ×
121.24/7.23
$1,677.05

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 76 years between 1945 and 2021 and the average inflation rate was 3.6701%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036701)76
$1,547.63

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1945 $15.48 dollars in 2021
$5 dollars in 1945 $77.38 dollars in 2021
$10 dollars in 1945 $154.76 dollars in 2021
$50 dollars in 1945 $773.82 dollars in 2021
$100 dollars in 1945 $1,547.63 dollars in 2021
$500 dollars in 1945 $7,738.16 dollars in 2021
$1,000 dollars in 1945 $15,476.32 dollars in 2021
$5,000 dollars in 1945 $77,381.61 dollars in 2021
$10,000 dollars in 1945 $154,763.22 dollars in 2021
$50,000 dollars in 1945 $773,816.11 dollars in 2021
$100,000 dollars in 1945 $1,547,632.22 dollars in 2021
$500,000 dollars in 1945 $7,738,161.11 dollars in 2021
$1,000,000 dollars in 1945 $15,476,322.21 dollars in 2021
Cumulative inflation From 1945 1,577.05%
Avg. annual inflation From 1945 3.73%
CPI 1945 7.23
CPI today 121.24

Value of Dollar over time (by year)

Period Value
1945 100
1946 103.1
1947 112.39
1948 128.42
1949 132.88
1950 136.43
1951 150.82
1952 154.74
1953 153.19
1954 154.19
1955 154.46
1956 156.56
1957 161.75
1958 165.57
1959 167.58
1960 169.85
1961 171.58
1962 173.41
1963 176.23
1964 179.6
1965 183.79
1966 190.8
1967 197.63
1968 205.65
1969 215.03
1970 222.22
1971 228.23
1972 239.62
1973 257.56
1974 285.88
1975 316.39
1976 340.26
1977 367.4
1978 400.36
1979 436.98
1980 481.24
1981 541.26
1982 599.54
1983 634.7
1984 662.02
1985 688.25
1986 717.12
1987 748.36
1988 778.51
1989 817.3
1990 856.38
1991 904.55
1992 918.03
1993 935.15
1994 936.7
1995 956.83
1996 971.86
1997 987.61
1998 997.45
1999 1,014.75
2000 1,042.35
2001 1,068.67
2002 1,092.81
2003 1,122.95
2004 1,143.81
2005 1,169.13
2006 1,192.53
2007 1,218.03
2008 1,246.9
2009 1,250.64
2010 1,272.86
2011 1,309.93
2012 1,329.78
2013 1,342.26
2014 1,367.85
2015 1,383.24
2016 1,403.01
2017 1,425.41
2018 1,457.74
2019 1,486.16
2020 1,496.81
2021 1,547.63
2022-08 1,667.76
Today 1,677.05

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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