Good News For the Canada Luxury Tax

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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
 
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