I work Nuclear in Ontario PEng can make $125k to $150k
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- Thread starter larryd
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Hey man, get my son a job working in Nuclear. Lol... He went to school for PEng, but found it a little too difficult so he switched to Comp Sci.
Computer Science is a good discipline too. My nephew bailed in his first year engineering as well. Engineering Statics and the Calculus are killers first year. He went to Instrumentation Engineering Technology instead. Has worked a week in/week out north of Fort Mac. now for 10 years and makes double what an Engineer in Red Deer earns.... lol....
CamsC8
Power User
Small world...I'm at Darlington.
I live between Darlington and Pickering... hoping there's no meltdown. Lol
CamsC8
Power User
So do I...south Ajax. We will be fine.
If we ever get into a war with Russia, Port Hope is high on the list of places to bomb because of Cameco - uranium refinery.
Alrighty then....this thread turned into a ray of sunshine.... 
Well mine will be over $120 and living here in BC I will be paying tax. Last vette - my 5th so decided to load up my HTC. Money no good to you until you spend it - LOL. Enjoy your car.
Yup no fun driving a Brinks truck !
Tell my wife that. Good luck with that - LOL.
So what exactly is the BC tax rate, GST and PST, if the car exceeds 100k? I was assuming it's taxed at 15% total.
The PST Bulletin that the BC Gov released said anything between $57, 000 - $124, 999 get's 10% PST. Plus the 5% GST.
The PST Bulletin that the BC Gov released said anything between $57, 000 - $124, 999 get's 10% PST. Plus the 5% GST.
The feds are introducing a new luxury tax on January 1st 2022 10% on top of GST on vehicles over 100k so 25% tax in BC
So if you order a new C8 go lite on the options !
With a new C8 Z06 probably $150k with some carbon fiber / 20% Provincial Tax and 15 % Federal total of 35% or $ 52,500 tax for a new grand total of $252,500 ouch ! Kind of takes all the fun out of it
gone
Power User
The new Federal vehicle tax that is effective 2022, is 10% of the value of any vehicle that costs over $100,000.00 OR 20% of the sale price in excess of $100,000.00, whichever is the lower amount. So with your example, that works out to $15,000.00 (10% of $150,000.00) or $10,000.00 (20% of $50,000.00) respectively, which means it's the lower $10,000.00 amount.
Then looking at the BC tax introduced April 1, 2018 (as a lucky far-less-taxed Albertan, you have my utmost sympathy) it's a 15% tax for any vehicle sold between $125,000.00 and $149,999.99 or 20% for any vehicle sold for $150,000.00 and up. I'd think you could sweet-talk your dealer into reducing your price by a buck to total $149,999.99 and save the 5%. But if not, then it's 20% of $150,000.00 or $30,000.00.
So using your number of $150,000.00, that would add up at most to $40,000.00 extra tax ($10,000.00 + $30,000.00) making your total cost $190,000.00. Still, a very big "ouch!" as you say compared to Alberta's vehicle "tax" of regular gst @ 5%, plus the new Federal tax; so at most $17,500.00 extra tax or $167,500.00 in total for the same vehicle.
We'll see if all this puts a damper on high-end vehicle sales, especially in BC.
Then looking at the BC tax introduced April 1, 2018 (as a lucky far-less-taxed Albertan, you have my utmost sympathy) it's a 15% tax for any vehicle sold between $125,000.00 and $149,999.99 or 20% for any vehicle sold for $150,000.00 and up. I'd think you could sweet-talk your dealer into reducing your price by a buck to total $149,999.99 and save the 5%. But if not, then it's 20% of $150,000.00 or $30,000.00.
So using your number of $150,000.00, that would add up at most to $40,000.00 extra tax ($10,000.00 + $30,000.00) making your total cost $190,000.00. Still, a very big "ouch!" as you say compared to Alberta's vehicle "tax" of regular gst @ 5%, plus the new Federal tax; so at most $17,500.00 extra tax or $167,500.00 in total for the same vehicle.
We'll see if all this puts a damper on high-end vehicle sales, especially in BC.
That sounds about right.
I think my car (2022) should be around $120K - pricing not out yet: HTC, 2LT with GT2 seat upgrade, Z51 pkg., MRC FE4, carbon fiber interior trim, front lift system, rapid blue, upgraded wheels to the trident, side runners, low profile spoiler with front splitter (n/c with Z51 pkg.?) I think I got it all?
Guess I'm going to slowly remove some options and get it under 100k lol... some of them might not even be ready. I heard a lot of people in the US were struggling to get the high wing in time, or the carbon flash trident wheels. No point in paying a dumb amount in tax money for something I won't even get with my car (or worse, no benefit since ordering those wheels just gets me two sets of wheels...)
Instead of being Liberal with your car they have forced you to become more Conservative !
Remove anything you can get later.
Wheels, wings, body colour enhancements etc.