$

Value of 1974 Canadian Dollar today

$100 in 1974
$590.29 in 2022

The inflation rate in Canada between 1974 and today has been 490.29%, which translates into a total increase of $490.29. This means that 100 dollars in 1974 are equivalent to 590.29 dollars in 2022. In other words, the purchasing power of $100 in 1974 equals $590.29 today. The average annual inflation rate between these periods has been 3.77%.

Inflation timeline in Canada (1974 - 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 1974-2021 441.35%
Cumulative inflation 1974-today 490.29%
Avg. Annual inflation 1974-2021 3.66%
CPI 1974 20.67
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122

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 1974 and 2021, use the corresponding CPI values:

Value2021
=Value1974 ×
CPI2021/CPI1974
=$ 100 ×
111.88/20.67
$541.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=$ 100 ×
122/20.67
$590.29

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 47 years between 1974 and 2021 and the average inflation rate was 3.6587%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036587)47
$541.35

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1974 $5.41 dollars in 2021
$5 dollars in 1974 $27.07 dollars in 2021
$10 dollars in 1974 $54.14 dollars in 2021
$50 dollars in 1974 $270.68 dollars in 2021
$100 dollars in 1974 $541.35 dollars in 2021
$500 dollars in 1974 $2,706.75 dollars in 2021
$1,000 dollars in 1974 $5,413.51 dollars in 2021
$5,000 dollars in 1974 $27,067.54 dollars in 2021
$10,000 dollars in 1974 $54,135.09 dollars in 2021
$50,000 dollars in 1974 $270,675.45 dollars in 2021
$100,000 dollars in 1974 $541,350.9 dollars in 2021
$500,000 dollars in 1974 $2,706,754.48 dollars in 2021
$1,000,000 dollars in 1974 $5,413,508.95 dollars in 2021
Cumulative inflation From 1974 490.29%
Avg. annual inflation From 1974 3.77%
CPI 1974 20.67
CPI today 122

Value of Dollar over time (by year)

Period Value
1974 100
1975 110.67
1976 119.02
1977 128.51
1978 140.04
1979 152.85
1980 168.33
1981 189.33
1982 209.72
1983 222.01
1984 231.57
1985 240.75
1986 250.84
1987 261.77
1988 272.32
1989 285.89
1990 299.55
1991 316.41
1992 321.12
1993 327.11
1994 327.65
1995 334.69
1996 339.95
1997 345.46
1998 348.9
1999 354.95
2000 364.61
2001 373.81
2002 382.26
2003 392.8
2004 400.1
2005 408.95
2006 417.14
2007 426.06
2008 436.16
2009 437.46
2010 445.24
2011 458.2
2012 465.15
2013 469.51
2014 478.46
2015 483.85
2016 490.76
2017 498.6
2018 509.91
2019 519.85
2020 523.57
2021 541.35
2022-10 587.96
Today 590.29

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 |

Other currencies: