# Value of 1982 Canadian Dollar today

\$100 in 1982

\$265.35 in 2021

The inflation rate in Canada between 1982 and today has been 165.35%, which translates into a total increase of \$165.35. This means that 100 dollars in 1982 are equivalent to 265.35 dollars in 2021. In other words, the purchasing power of \$100 in 1982 equals \$265.35 today. The average annual inflation rate has been 2.47%.

## Inflation timeline in Canada (1982-2021)

The following chart depicts the equivalence of \$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1982-2021) 165.25%
Total Inflation* 165.35%
Annual inflation avg. (1982-2021) 2.53%
Annual inflation avg.* 2.47%
CPI 1982 40.93
CPI 2021 108.56
CPI today* 108.6
\$1 in 1982 \$2.65 in 2021

* Values extrapolated from the last official data to obtain today's values.

## 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 compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 39 years between 1982 and 2021 and the average inflation rate has been 2.4697%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.02)39 = \$265.25

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1982 was 40.93 and the CPI today is 108.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.56/40.93
= \$265.25

### Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1982 \$2.65 dollars today
\$5 dollars in 1982 \$13.27 dollars today
\$10 dollars in 1982 \$26.54 dollars today
\$50 dollars in 1982 \$132.68 dollars today
\$100 dollars in 1982 \$265.35 dollars today
\$500 dollars in 1982 \$1,326.77 dollars today
\$1,000 dollars in 1982 \$2,653.54 dollars today
\$5,000 dollars in 1982 \$13,267.68 dollars today
\$10,000 dollars in 1982 \$26,535.36 dollars today
\$50,000 dollars in 1982 \$132,676.81 dollars today
\$100,000 dollars in 1982 \$265,353.61 dollars today
\$500,000 dollars in 1982 \$1,326,768.06 dollars today
\$1,000,000 dollars in 1982 \$2,653,536.12 dollars today

Period Value
1982 100
1983 109.27
1984 114.29
1985 118.53
1986 123.75
1987 128.96
1988 134.36
1989 139.58
1990 146.91
1991 154.25
1992 160.04
1993 163.51
1994 166.22
1995 166.6
1996 169.5
1997 173.17
1998 174.52
1999 176.25
2000 180.89
2001 186.68
2002 188.03
2003 195.17
2004 199.23
2005 203.47
2006 207.72
2007 211.2
2008 216.22
2009 218.73
2010 221.62
2011 226.83
2012 232.05
2013 233.98
2014 236.87
2015 240.35
2016 244.21
2017 247.88
2018 252.51
2019 257.53
2020 263.32
2021 265.25
Today 265.35