New Tax on vehicles Over $100,000?

[tyho]

I recently read an article about the possibility of a new tax (10%) on vehicles over $100,000 that the Liberals proposed prior to the election. Has anyone heard/read any more info. on this? Is there something similar to this in BC?

 

[Rruuff Day]

I heard that as well but whether JT can get any of the other parties to vote with him on it will be the question. Yes. BC has some kind of luxury vehicle tax but not sure how much it is.

 

[G-ForceJunkie]

Haven't heard anything about it since Turdeau pitched it, but here's an article on the BC tax.

B.C. luxury dealers feel taxman's pinch

With a 25 per cent total sales tax, some dealers say they "can barely sell a car between $150,000 and $225,000."

canada.autonews.com

 

[JamesP]

I paid 15% luxury tax instead our standard wonderful 12% here in B.C. when i purchased mine in 2016

 

[LE BARON]

I got to pay these in Quebec
On purchase

• cylinder capacity 6 litres or more: $205.00

And I get to pay this extra every year. It is depreciating as the car value diminishes each year
LUXURY VEHICLES

If you own a luxury vehicle, you must pay an additional registration fee when you first register your vehicle, and again each year when you renew your vehicle registration.

A passenger vehicle or light truck is considered a luxury vehicle if it meets the following three criteria:

• it has a net weight of 3,000 kg or less
• it is 7 years old or less
• it is worth more than $40,000

The additional annual registration fee equals 1% of the vehicle's value exceeding $40,000.

 

[LE BARON]

The vehicle tax was mentioned in the same breath as other things that would take a majority government to bring into effect. JT can pretty much back pedal on everything he said before the election now ... and a minority PM role was pretty much his “plan B” to be PM with the promises and threats that came from his campaigning. No politics here ... just politics. Anyways ... I cant imagine seeing a federal auto luxury tax being able to get through except perhaps if on only non-electric vehicles.

If they can find a way to rip more money out of your pocket to waste they will find a way SN.
I am fairly sure the Greenies and NDP would probably be all for it just for the optics without any consideration as to how little fuel we actually use. They should instead give us a rebate for having environmentally friendly vehicles.

 

[Rruuff Day]

[

I got to pay these in Quebec
On purchase

• cylinder capacity 6 litres or more: $205.00

And I get to pay this extra every year. It is depreciating as the car value diminishes each year
LUXURY VEHICLES

If you own a luxury vehicle, you must pay an additional registration fee when you first register your vehicle, and again each year when you renew your vehicle registration.

A passenger vehicle or light truck is considered a luxury vehicle if it meets the following three criteria:

• it has a net weight of 3,000 kg or less
• it is 7 years old or less
• it is worth more than $40,000

The additional annual registration fee equals 1% of the vehicle's value exceeding $40,000.

If they tried that here, there would be a revolutionary uprising... What was once the province of plenty is now pretty much broke....

 

[tyho]

I can see this passing if the NDP support it. Sigh.