Quote:
Originally Posted by TimSJ
My understanding is that orders are not exempt unless they were ordered prior to the budget being tabled in the spring. I'm not 100% on that though
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The original proposal was for the tax to be exempts from bonafide orders made prior to April 20, 2021, and delivered after Jan 1 '22. But again, this is all in the draft legislation... the further this gets pushed out, there will have to be amendments to dates, etc.
The Canadian dealer associations are pushing back for a number of reasons, not least of which is due to this being a compounding tax - the GST / HST is applied to the Luxury tax as well (tax on tax) and there was no trade offset for the luxury tax, as there is for GST / HST, which really complicates the sales process, etc.
I could see this being pushed out for some time.