$

Value of 1981 Canadian Dollar today

$100 in 1981
$311.78 in 2022

The inflation rate in Canada between 1981 and today has been 211.78%, which translates into a total increase of $211.78. This means that 100 dollars in 1981 are equivalent to 311.78 dollars in 2022. In other words, the purchasing power of $100 in 1981 equals $311.78 today. The average annual inflation rate between these periods has been 2.81%.

Inflation timeline in Canada (1981 - 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 1981-2021 185.93%
Cumulative inflation 1981-today 211.78%
Avg. Annual inflation 1981-2021 2.66%
CPI 1981 39.13
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 1981 and 2021, use the corresponding CPI values:

Value2021
=Value1981 ×
CPI2021/CPI1981
=$ 100 ×
111.88/39.13
$285.93

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

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=$ 100 ×
122/39.13
$311.78

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 40 years between 1981 and 2021 and the average inflation rate was 2.6613%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.026613)40
$285.93

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1981 $2.86 dollars in 2021
$5 dollars in 1981 $14.3 dollars in 2021
$10 dollars in 1981 $28.59 dollars in 2021
$50 dollars in 1981 $142.97 dollars in 2021
$100 dollars in 1981 $285.93 dollars in 2021
$500 dollars in 1981 $1,429.67 dollars in 2021
$1,000 dollars in 1981 $2,859.33 dollars in 2021
$5,000 dollars in 1981 $14,296.65 dollars in 2021
$10,000 dollars in 1981 $28,593.3 dollars in 2021
$50,000 dollars in 1981 $142,966.52 dollars in 2021
$100,000 dollars in 1981 $285,933.05 dollars in 2021
$500,000 dollars in 1981 $1,429,665.23 dollars in 2021
$1,000,000 dollars in 1981 $2,859,330.46 dollars in 2021
Cumulative inflation From 1981 211.78%
Avg. annual inflation From 1981 2.81%
CPI 1981 39.13
CPI today 122

Value of Dollar over time (by year)

Period Value
1981 100
1982 110.77
1983 117.26
1984 122.31
1985 127.16
1986 132.49
1987 138.26
1988 143.83
1989 151
1990 158.22
1991 167.12
1992 169.61
1993 172.77
1994 173.06
1995 176.78
1996 179.56
1997 182.47
1998 184.28
1999 187.48
2000 192.58
2001 197.44
2002 201.9
2003 207.47
2004 211.32
2005 216
2006 220.33
2007 225.04
2008 230.37
2009 231.06
2010 235.17
2011 242.02
2012 245.68
2013 247.99
2014 252.72
2015 255.56
2016 259.21
2017 263.35
2018 269.33
2019 274.58
2020 276.54
2021 285.93
2022-10 310.55
Today 311.78

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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