blog:Canadian luxury tax Archives | CarHub Automotive Group
The New Luxury Tax In Canada And How It Works
On Sept. 1st, 2022, the Canadian federal government introduced a new "luxury tax" which is applicable to certain vehicles priced above $100,000. This new tax is estimated to bring in an additional $163 million in revenue a year. Chrystia Freeland, our Deputy Prime Minister and Finance Minister suggested that the government has had to […]