SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 40-F

(Check One)
o Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934

 
                                                                     or

o
Annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934

For the fiscal year ended: October 31, 2005
Commission file number: 1-9038

Central Fund of Canada Limited
(Exact Name of Registrant as Specified in Its charter)

Alberta, Canada
(Province or Other Jurisdiction
of Incorporation or Organization)		 N/A
(Primary Standard Industrial
Classification Code Number
(if Applicable))		 N/A
(I.R.S. Employer
Identification Number
(if Applicable))

Hallmark Estates,
#805, 1323-15th Avenue S.W.,
Calgary, Alberta, Canada
(403) 228-5861
(Address and Telephone Number of
Registrant's Principal Executive Office)
 
Dr. Hans F. Sennholz,
200 East Pine Street,
Grove City, PA 16127
(724) 458-8343
(Name, Address (Including Zip Code)
and Telephone Number (Including Area Code)
of Agent for Service in the United States)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class
 Class A non-voting shares, no par value		 Name of Each Exchange on Which Registered
 American Stock Exchange
The Toronto Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: N/A

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: N/A

For annual reports, indicate by check mark the information filing with this form:

o Annual Information Form                                  o Audited Annual Financial Statements

Indicate the number of outstanding shares of each of the registrant's classes of capital or common stock as of the close of the period covered by the annual report:

  
Class
 Class A non-voting shares, no par value
Common shares, no par value		 Outstanding at
January 11, 2005
 94,296,320
40,000

Indicate by check mark whether the registrant by filing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 (the "'Exchange Act"). If "Yes" is marked, indicate the file number assigned to the registrant in connection with such rule.    o Yes        o No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.    o Yes        o No

CONTROLS AND PROCEDURES

        The Registrant carried out an evaluation, under the supervision and with the participation of the Registrant's management, including the Registrant's Chief Executive Officer and Treasurer, of the effectiveness of the Registrant's disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities and Exchange Act of 1934 (the "Exchange Act"). Based on that evaluation, the Chief Executive Officer and Treasurer have concluded that the Registrant's disclosure controls and procedures as of October 31, 2005 were effective to ensure that information required to be disclosed by the Registrant in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission's rules and forms.

INTERNAL CONTROLS OVER FINANCIAL REPORTING

        During the fiscal year ended October 31, 2005, there were no changes in the Registrant's internal control over financial reporting that have materially affected or are reasonably likely to materially affect the Company's internal control over financial reporting (as defined in Rules13a-15(f) and 15d-14(f) under the Securities Exchange Act of 1934).

AUDIT COMMITTEE FINANCIAL EXPERT

        Douglas E. Heagle serves as a member of the audit committee of the Registrant's Board of Directors. The Board of Directors has reviewed the definition of "audit committee financial expert" under item 8(a) of General Instruction B to Form 40-F and determined that Douglas E. Heagle satisfies the criteria for a audit committee financial expert under the Exchange Act. The SEC has indicated that the designation of Douglas E. Heagle as an audit committee financial expert does not make Douglas E. Heagle an "expert" for any purpose, impose any duties, obligations or liability on Douglas E. Heagle that are greater than those imposed on members of the audit committee and board of directors who do not carry this designation or affect the duties, obligations or liability of any other member of the audit committee.

CODE OF ETHICS

        The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer and principal accounting officer. A copy of Registrant's code of ethics is available to any person without charge, upon written request made to Catherine A. Spackman, Treasurer at Hallmark Estates, #805, 1323-15th Avenue S.W., Calgary, Alberta, Canada (403) 228-5861.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

        See page 16 of the Registrant's Annual Information Form, which is incorporated herein by reference.

OFF-BALANCE SHEET ARRANGEMENTS

        The Registrant is not a party to any off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on the Registrant's financial condition, revenues, expenses, results of operations, liquidity, capital expenditures or capital resources.

UNDERTAKINGS

        The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation to which the obligation to file an annual report on Form 40-F arises; or to transactions in said securities.

SIGNATURES

        Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized.

      CENTRAL FUND OF CANADA LIMITED

 
 
 
/s/  J.C. STEFAN SPICER      
J.C. Stefan Spicer
President and Chief Executive Officer

Date: January 23, 2006

EXHIBIT INDEX
CENTRAL FUND OF CANADA LIMITED
Exhibits to Form 40-F at January 12, 2006

Exhibit 99.1   Annual Information Form

Exhibit 99.2
 
Management's Discussion & Analysis

Exhibit 99.3
 
Annual Financial Statements

Exhibit 99.4
 
Auditor's Consent Form, Ernst & Young LLP

Exhibit 99.5
 
Certification 906 of Sarbanes Oxley, CEO and CFO

Exhibit 99.6
 
Certification of 302, President, CEO and Treasurer