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Value of 1946 Canadian Dollar today

$100 in 1946
$1,596.53 in 2022

The inflation rate in Canada between 1946 and today has been 1,496.53%, which translates into a total increase of $1,496.53. This means that 100 dollars in 1946 are equivalent to 1,596.53 dollars in 2022. In other words, the purchasing power of $100 in 1946 equals $1,596.53 today. The average annual inflation rate between these periods has been 3.71%.

Inflation timeline in Canada (1946 - 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 1946-2021 1,401.15%
Cumulative inflation 1946-today 1,496.53%
Avg. Annual inflation 1946-2021 3.68%
CPI 1946 7.45
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 118.99

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 1946 and 2021, use the corresponding CPI values:

Value2021
=Value1946 ×
CPI2021/CPI1946
=$ 100 ×
111.88/7.45
$1,501.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.99:

Valuetoday
=Value1946 ×
CPItoday/CPI1946
=$ 100 ×
118.99/7.45
$1,596.53

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 75 years between 1946 and 2021 and the average inflation rate was 3.6778%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036778)75
$1,501.15

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1946 $15.01 dollars in 2021
$5 dollars in 1946 $75.06 dollars in 2021
$10 dollars in 1946 $150.11 dollars in 2021
$50 dollars in 1946 $750.57 dollars in 2021
$100 dollars in 1946 $1,501.15 dollars in 2021
$500 dollars in 1946 $7,505.74 dollars in 2021
$1,000 dollars in 1946 $15,011.49 dollars in 2021
$5,000 dollars in 1946 $75,057.43 dollars in 2021
$10,000 dollars in 1946 $150,114.86 dollars in 2021
$50,000 dollars in 1946 $750,574.28 dollars in 2021
$100,000 dollars in 1946 $1,501,148.56 dollars in 2021
$500,000 dollars in 1946 $7,505,742.79 dollars in 2021
$1,000,000 dollars in 1946 $15,011,485.59 dollars in 2021
Cumulative inflation From 1946 1,496.53%
Avg. annual inflation From 1946 3.71%
CPI 1946 7.45
CPI today 118.99

Value of Dollar over time (by year)

Period Value
1946 100
1947 109.01
1948 124.56
1949 128.89
1950 132.33
1951 146.29
1952 150.09
1953 148.59
1954 149.56
1955 149.82
1956 151.86
1957 156.89
1958 160.6
1959 162.54
1960 164.75
1961 166.43
1962 168.2
1963 170.94
1964 174.2
1965 178.27
1966 185.07
1967 191.7
1968 199.47
1969 208.57
1970 215.55
1971 221.38
1972 232.42
1973 249.82
1974 277.3
1975 306.89
1976 330.04
1977 356.36
1978 388.34
1979 423.85
1980 466.78
1981 525
1982 581.54
1983 615.64
1984 642.14
1985 667.58
1986 695.58
1987 725.88
1988 755.12
1989 792.76
1990 830.65
1991 877.39
1992 890.46
1993 907.07
1994 908.57
1995 928.09
1996 942.67
1997 957.95
1998 967.49
1999 984.28
2000 1,011.04
2001 1,036.57
2002 1,059.98
2003 1,089.22
2004 1,109.45
2005 1,134.01
2006 1,156.71
2007 1,181.45
2008 1,209.45
2009 1,213.07
2010 1,234.63
2011 1,270.58
2012 1,289.84
2013 1,301.94
2014 1,326.77
2015 1,341.7
2016 1,360.87
2017 1,382.6
2018 1,413.96
2019 1,441.52
2020 1,451.85
2021 1,501.15
2022-04 1,587.99
Today 1,596.53

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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