$

Value of 1976 Canadian Dollar today

$100 in 1976
$486.87 in 2022

The inflation rate in Canada between 1976 and today has been 386.87%, which translates into a total increase of $386.87. This means that 100 dollars in 1976 are equivalent to 486.87 dollars in 2022. In other words, the purchasing power of $100 in 1976 equals $486.87 today. The average annual inflation rate between these periods has been 3.5%.

Inflation timeline in Canada (1976 - 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 1976-2021 354.84%
Cumulative inflation 1976-today 386.87%
Avg. Annual inflation 1976-2021 3.42%
CPI 1976 24.6
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 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=$ 100 ×
111.88/24.6
$454.84

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

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=$ 100 ×
119.76/24.6
$486.87

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 45 years between 1976 and 2021 and the average inflation rate was 3.4235%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.034235)45
$454.84

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1976 $4.55 dollars in 2021
$5 dollars in 1976 $22.74 dollars in 2021
$10 dollars in 1976 $45.48 dollars in 2021
$50 dollars in 1976 $227.42 dollars in 2021
$100 dollars in 1976 $454.84 dollars in 2021
$500 dollars in 1976 $2,274.22 dollars in 2021
$1,000 dollars in 1976 $4,548.45 dollars in 2021
$5,000 dollars in 1976 $22,742.24 dollars in 2021
$10,000 dollars in 1976 $45,484.48 dollars in 2021
$50,000 dollars in 1976 $227,422.39 dollars in 2021
$100,000 dollars in 1976 $454,844.77 dollars in 2021
$500,000 dollars in 1976 $2,274,223.86 dollars in 2021
$1,000,000 dollars in 1976 $4,548,447.72 dollars in 2021
Cumulative inflation From 1976 386.87%
Avg. annual inflation From 1976 3.5%
CPI 1976 24.6
CPI today 119.76

Value of Dollar over time (by year)

Period Value
1976 100
1977 107.98
1978 117.67
1979 128.43
1980 141.43
1981 159.07
1982 176.2
1983 186.54
1984 194.57
1985 202.28
1986 210.76
1987 219.94
1988 228.8
1989 240.2
1990 251.69
1991 265.85
1992 269.81
1993 274.84
1994 275.29
1995 281.21
1996 285.63
1997 290.26
1998 293.15
1999 298.23
2000 306.34
2001 314.08
2002 321.17
2003 330.03
2004 336.16
2005 343.6
2006 350.48
2007 357.98
2008 366.46
2009 367.56
2010 374.09
2011 384.98
2012 390.82
2013 394.49
2014 402.01
2015 406.53
2016 412.34
2017 418.92
2018 428.43
2019 436.78
2020 439.91
2021 454.84
2022-04 481.16
Today 486.87

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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