Alaskan Sea-Duction
Guru
- Joined
- Jul 6, 2012
- Messages
- 8,087
- Location
- USA
- Vessel Name
- Alaskan Sea-Duction
- Vessel Make
- 1988 M/Y Camargue YachtFisher
Good News For the Canada Luxury Tax
- Thread starter Alaskan Sea-Duction
- Start date
The friendliest place on the web for anyone who enjoys boating.
If you have answers, please help by responding to the unanswered posts.
If you have answers, please help by responding to the unanswered posts.
Itwasntme
Veteran Member
Is this luxury tax affecting anyone? applies to sales where a broker is involved, not private party.
SteveK
Guru
- Joined
- Jul 5, 2019
- Messages
- 6,092
- Location
- Gulf Islands, BC Canada
- Vessel Name
- Sea Sanctuary
- Vessel Make
- Bayliner 4588
As the following link shows it does not affect me as I have a 4588. It does affect the rich people that buy a 4788. Just one example.
Subject Vessels Under the Select Luxury Items Tax Act
Besides, I have a note from my doctor that is similar to those that have a medical comfort pet, when pets are not allowed.
Subject Vessels Under the Select Luxury Items Tax Act
Besides, I have a note from my doctor that is similar to those that have a medical comfort pet, when pets are not allowed.
RedRascal
Senior Member
The way I read it a 4788 is okay because the date of manufacture is prior to 2019.
The luxury tax applies to vessels that meet the definition of subject vessel under the Act and are priced or valued above the $250,000 price threshold, unless an exemption applies.
Under subsection 2(1), subject vessel means a vessel that meets both of the following conditions:
-it is designed or adapted for leisure, recreation or sport activities
-it has a date of manufacture after 2018
Under subsection 2(1), subject vessel means a vessel that meets both of the following conditions:
-it is designed or adapted for leisure, recreation or sport activities
-it has a date of manufacture after 2018
