Fancy Fees: Federal luxury tax on $100,000+ cars, coming this fall
Ottawa, Ontario – Details on an incoming luxury tax by the Government of Canada were released July 15. The new rules will affect manufacturers, wholesalers, retailers and importers. As of Sept. 1, the Select Luxury Items Tax Act proposed in Budget 2021 will come into effect, targeting certain vehicles and aircraft above $100,000 and some […]
Pumped Pricing: Higher taxes for used cars this year, British Columbia
Victoria, British Columbia – Budget reforms in British Columbia may impact the used vehicle market sooner than expected, according to a disgruntled official opposition critic. Starting Oct. 1, private vehicle sales will be taxed based on the vehicle’s reported purchase price and the average wholesale value. This tax will apply to the greater of the […]
Electric Allowance: Saskatchewan EV tax effective Oct. 1, 2021
Regina, Saskatchewan — Saskatchewan Government Insurance (SGI) is collecting the newly introduced $150 electric vehicle road-use fee on behalf of the Government of Saskatchewan for any registrations effective Oct. 1, 2021, or later. This annual fee is due at the time of registration/renewal. The fee will be used to help maintain Saskatchewan’s roads and highways. […]
