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Value of 1950 Canadian Dollar today

$100 in 1950
$1,214.25 in 2022

The inflation rate in Canada between 1950 and today has been 1,114.25%, which translates into a total increase of $1,114.25. This means that 100 dollars in 1950 are equivalent to 1,214.25 dollars in 2022. In other words, the purchasing power of $100 in 1950 equals $1,214.25 today. The average annual inflation rate between these periods has been 3.53%.

Inflation timeline in Canada (1950 - 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 1950-2021 1,034.38%
Cumulative inflation 1950-today 1,114.25%
Avg. Annual inflation 1950-2021 3.48%
CPI 1950 9.86
CPI 2021 111.88
CPI 2022-04 (latest official data) 118.36
CPI today 119.76

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 1950 and 2021, use the corresponding CPI values:

Value2021
=Value1950 ×
CPI2021/CPI1950
=$ 100 ×
111.88/9.86
$1,134.38

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.76:

Valuetoday
=Value1950 ×
CPItoday/CPI1950
=$ 100 ×
119.76/9.86
$1,214.25

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 71 years between 1950 and 2021 and the average inflation rate was 3.4798%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034798)71
$1,134.38

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1950 $11.34 dollars in 2021
$5 dollars in 1950 $56.72 dollars in 2021
$10 dollars in 1950 $113.44 dollars in 2021
$50 dollars in 1950 $567.19 dollars in 2021
$100 dollars in 1950 $1,134.38 dollars in 2021
$500 dollars in 1950 $5,671.9 dollars in 2021
$1,000 dollars in 1950 $11,343.79 dollars in 2021
$5,000 dollars in 1950 $56,718.97 dollars in 2021
$10,000 dollars in 1950 $113,437.93 dollars in 2021
$50,000 dollars in 1950 $567,189.66 dollars in 2021
$100,000 dollars in 1950 $1,134,379.32 dollars in 2021
$500,000 dollars in 1950 $5,671,896.62 dollars in 2021
$1,000,000 dollars in 1950 $11,343,793.25 dollars in 2021
Cumulative inflation From 1950 1,114.25%
Avg. annual inflation From 1950 3.53%
CPI 1950 9.86
CPI today 119.76

Value of Dollar over time (by year)

Period Value
1950 100
1951 110.55
1952 113.42
1953 112.28
1954 113.02
1955 113.22
1956 114.75
1957 118.56
1958 121.36
1959 122.83
1960 124.5
1961 125.77
1962 127.1
1963 129.17
1964 131.64
1965 134.71
1966 139.85
1967 144.86
1968 150.73
1969 157.61
1970 162.88
1971 167.29
1972 175.63
1973 188.79
1974 209.55
1975 231.91
1976 249.4
1977 269.29
1978 293.46
1979 320.29
1980 352.74
1981 396.73
1982 439.45
1983 465.22
1984 485.25
1985 504.47
1986 525.63
1987 548.53
1988 570.63
1989 599.07
1990 627.7
1991 663.02
1992 672.9
1993 685.45
1994 686.58
1995 701.34
1996 712.35
1997 723.9
1998 731.11
1999 743.79
2000 764.02
2001 783.31
2002 801
2003 823.1
2004 838.38
2005 856.94
2006 874.1
2007 892.79
2008 913.95
2009 916.69
2010 932.98
2011 960.15
2012 974.7
2013 983.85
2014 1,002.6
2015 1,013.89
2016 1,028.37
2017 1,044.79
2018 1,068.49
2019 1,089.32
2020 1,097.13
2021 1,134.38
2022-04 1,200
Today 1,214.25

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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