Subject Vehicles Under the Select Luxury Items Tax Act

The Canada Revenue Agency has published an article to provide details regarding the new luxury tax in Canada. Please note that this article focuses on vehicles, rather than the tax on vessels and aircraft. Below is an excerpt:

‘The purpose of this notice is to provide information relating to the application of the luxury tax on certain vehicles. Vehicles that could be subject to the luxury tax include sedans, coupes, hatchbacks, convertibles, sport utility vehicles and light-duty pickup trucks priced above $100,000.’

Please find the full article here:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ltn2/subject-vehicles-under-select-luxury-items-tax-act.html#_Toc109143345