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So sad . You poor folks in BC are really getting hammered by taxation. Those percentages are really outrageous when you think about it. The same vehicle in the NWT or Alberta would cost $337260 . Now that’s reasonable! Lol . Actually even less when you consider that HST is also added to the luxury tax. Jesus .In Canada, the luxury tax is applied before the Goods and Services Tax (GST) or Harmonized Sales Tax (HST). The luxury tax is calculated on the total price of luxury items exceeding specific thresholds ($100,000 for vehicles and aircraft, $250,000 for boats) and is then added to the price. GST/HST is subsequently calculated on the total price including the luxury tax.
So sad . You poor folks in BC are really getting hammered by taxation. Those percentages are really outrageous when you think about it. The same vehicle in the NWT or Alberta would cost $337260 . Now that’s reasonable! Lol . Actually even less when you consider that HST is also added to the luxury tax. Jesus .
In Canada, the luxury tax is applied before the Goods and Services Tax (GST) or Harmonized Sales Tax (HST). The luxury tax is calculated on the total price of luxury items exceeding specific thresholds ($100,000 for vehicles and aircraft, $250,000 for boats) and is then added to the price. GST/HST is subsequently calculated on the total price including the luxury tax.