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Corvette
C8 Forum
2024 Ordering Strategy to save on both taxes
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<blockquote data-quote="NED" data-source="post: 318096" data-attributes="member: 7185"><p>I don't this worked or is going to work. I checked with my Tax guy and the CRA and it is based on the date of Manufacture (see below, from the CRA web site)</p><h2>Vehicles subject to the luxury tax</h2><p>The luxury tax will apply to vehicles that meet the definition of <strong>subject vehicle</strong> under the Act and are priced or valued above the $100,000 price threshold, unless an exception applies.</p><p></p><p>Under subsection 2(1), <strong>subject vehicle </strong>means a motor vehicle that meets all of the following conditions:</p><p></p><ul> <li data-xf-list-type="ul">it is designed or adapted primarily to carry individuals on highways and streets</li> <li data-xf-list-type="ul">it has a seating capacity of not more than 10 individuals</li> <li data-xf-list-type="ul">it has a gross vehicle weight rating that is 3,856 kg or less</li> <li data-xf-list-type="ul">it has a date of manufacture after 2018</li> <li data-xf-list-type="ul">it is designed to travel with four or more wheels in contact with the ground</li> </ul><p>Examples of subject vehicles include sedans, coupes, hatchbacks, convertibles, sport utility vehicles and light‑duty pickup trucks.</p></blockquote><p></p>
[QUOTE="NED, post: 318096, member: 7185"] I don't this worked or is going to work. I checked with my Tax guy and the CRA and it is based on the date of Manufacture (see below, from the CRA web site) [HEADING=1]Vehicles subject to the luxury tax[/HEADING] The luxury tax will apply to vehicles that meet the definition of [B]subject vehicle[/B] under the Act and are priced or valued above the $100,000 price threshold, unless an exception applies. Under subsection 2(1), [B]subject vehicle [/B]means a motor vehicle that meets all of the following conditions: [LIST] [*]it is designed or adapted primarily to carry individuals on highways and streets [*]it has a seating capacity of not more than 10 individuals [*]it has a gross vehicle weight rating that is 3,856 kg or less [*]it has a date of manufacture after 2018 [*]it is designed to travel with four or more wheels in contact with the ground [/LIST] Examples of subject vehicles include sedans, coupes, hatchbacks, convertibles, sport utility vehicles and light‑duty pickup trucks. [/QUOTE]
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Corvette
C8 Forum
2024 Ordering Strategy to save on both taxes
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