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General & Off-Topic
General Vehicle Discussions
Luxury Item Tax Act.....Ridiculous
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<blockquote data-quote="DougHGMC8" data-source="post: 280889" data-attributes="member: 6167"><p>And to add to that consider that money laundering in Canada is ridiculous. The feds have known about it since 2008 but have done nothing about it. Now instead of going after criminal money inflating housing they tax honest Canadians. </p><p></p><p>My build is over 100K and will invoke about 1200 luxury tax which is then taxed with HST. I really dont mind paying taxes but this is a ridiculous grab that does not really target those that should be paying their share. Offshore money and blind ownership rules come to mind.</p><p></p><p>Anyways, the C8 is an amazing car and well worth the pain. I hope this does not hurt Z06 sales as we need as many of them in Canada as we can get. That sound alone will put a smile on many peoples faces.</p></blockquote><p></p>
[QUOTE="DougHGMC8, post: 280889, member: 6167"] And to add to that consider that money laundering in Canada is ridiculous. The feds have known about it since 2008 but have done nothing about it. Now instead of going after criminal money inflating housing they tax honest Canadians. My build is over 100K and will invoke about 1200 luxury tax which is then taxed with HST. I really dont mind paying taxes but this is a ridiculous grab that does not really target those that should be paying their share. Offshore money and blind ownership rules come to mind. Anyways, the C8 is an amazing car and well worth the pain. I hope this does not hurt Z06 sales as we need as many of them in Canada as we can get. That sound alone will put a smile on many peoples faces. [/QUOTE]
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General & Off-Topic
General Vehicle Discussions
Luxury Item Tax Act.....Ridiculous
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