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One more thing for those of us awaiting production and delivery is Bill C-19 Luxury Tax. This bill is now before parliament and will impose a 20% levy on all costs above $100K on your C8 delivered after Sept 01 2022. GST and HST are imposed on top of that tax. For those of you looking for HTC, or 3LT trims, combined with Z51/MRC plus any additional options this will start to increase the tax bill quickly. It is easy to exceed 100K these days. For example, C8s for sale in the used markets at roughly 130K will see a 6K tax hit with an additional 780$ in HST (HST is computed after the Luxury tax) for a wopping additional $6780 tax bill. Yikes!
One more thing for those of us awaiting production and delivery is Bill C-19 Luxury Tax. This bill is now before parliament and will impose a 20% levy on all costs above $100K on your C8 delivered after Sept 01 2022. GST and HST are imposed on top of that tax. For those of you looking for HTC, or 3LT trims, combined with Z51/MRC plus any additional options this will start to increase the tax bill quickly. It is easy to exceed 100K these days.
For example, C8s for sale in the used markets at roughly 130K will see a 6K tax hit with an additional 780$ in HST (HST is computed after the Luxury tax) for a wopping additional $6780 tax bill. Yikes!