$

Value of 1985 Canadian Dollar today

$100 in 1985
$243.58 in 2022

The inflation rate in Canada between 1985 and today has been 143.58%, which translates into a total increase of $143.58. This means that 100 dollars in 1985 are equivalent to 243.58 dollars in 2022. In other words, the purchasing power of $100 in 1985 equals $243.58 today. The average annual inflation rate between these periods has been 2.44%.

Inflation timeline in Canada (1985 - 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 1985-2021 124.86%
Cumulative inflation 1985-today 143.58%
Avg. Annual inflation 1985-2021 2.28%
CPI 1985 49.76
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.19

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 1985 and 2021, use the corresponding CPI values:

Value2021
=Value1985 ×
CPI2021/CPI1985
=$ 100 ×
111.88/49.76
$224.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1985 ×
CPItoday/CPI1985
=$ 100 ×
121.19/49.76
$243.58

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 36 years between 1985 and 2021 and the average inflation rate was 2.2764%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.022764)36
$224.86

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1985 $2.25 dollars in 2021
$5 dollars in 1985 $11.24 dollars in 2021
$10 dollars in 1985 $22.49 dollars in 2021
$50 dollars in 1985 $112.43 dollars in 2021
$100 dollars in 1985 $224.86 dollars in 2021
$500 dollars in 1985 $1,124.32 dollars in 2021
$1,000 dollars in 1985 $2,248.64 dollars in 2021
$5,000 dollars in 1985 $11,243.22 dollars in 2021
$10,000 dollars in 1985 $22,486.44 dollars in 2021
$50,000 dollars in 1985 $112,432.19 dollars in 2021
$100,000 dollars in 1985 $224,864.38 dollars in 2021
$500,000 dollars in 1985 $1,124,321.92 dollars in 2021
$1,000,000 dollars in 1985 $2,248,643.84 dollars in 2021
Cumulative inflation From 1985 143.58%
Avg. annual inflation From 1985 2.44%
CPI 1985 49.76
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1985 100
1986 104.19
1987 108.73
1988 113.11
1989 118.75
1990 124.43
1991 131.43
1992 133.39
1993 135.87
1994 136.1
1995 139.02
1996 141.21
1997 143.5
1998 144.93
1999 147.44
2000 151.45
2001 155.27
2002 158.78
2003 163.16
2004 166.19
2005 169.87
2006 173.27
2007 176.97
2008 181.17
2009 181.71
2010 184.94
2011 190.33
2012 193.21
2013 195.02
2014 198.74
2015 200.98
2016 203.85
2017 207.11
2018 211.8
2019 215.93
2020 217.48
2021 224.86
2022-08 242.32
Today 243.58

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: