And in Canadian news...

[lspencer534]

In July of 2010, the British Columbia Government introduced the Harmonized Sales Tax, a compounded, lump sum tax that combined the federal Goods and Services Tax and the regional Provincial Sales Tax. Five of the 10 Canadian provinces signed onto the plan—Ontario, New Brunswick, Newfoundland/Labrador, British Columbia, and Nova Scotia.

Like American state sales tax, the HST rate may differ across these five provinces. For example, the Provincial Sales Tax rate in British Columbia is seven percent. Among other things, this tax applied to the private sale of used motor vehicles in the province. But with the adoption of the HST in 2010, this long standing tax suddenly shot skyward.

As soon as the HST was introduced, a huge list of items and services saw a federal price hike thanks to the new tax. Everything from a “gentleman’s haircut” at a barber shop to the sale of a used car suddenly had a 12-percent tax added to the service.

When the government allowed for a public vote to decide the fate of the new, combined tax, it was no surprise that 55 percent of British Columbians who cast a ballot in the mail-in referendum voted to scrap the 12-percent HST.

Everyone in the classic car community thought that the tax on private, used vehicles would revert back to a flat seven percent provincial sales tax. But that was not the case. A few weeks ago, it was announced that the tax on the private sale of used motor vehicles would remain at 12 percent.

[Scratch Canada from the list of Countries to relocate to]

[Rotorhead]

Originally Posted by lspencer534

In July of 2010, the British Columbia Government introduced the Harmonized Sales Tax, a compounded, lump sum tax that combined the federal Goods and Services Tax and the regional Provincial Sales Tax. Five of the 10 Canadian provinces signed onto the plan—Ontario, New Brunswick, Newfoundland/Labrador, British Columbia, and Nova Scotia.

Like American state sales tax, the HST rate may differ across these five provinces. For example, the Provincial Sales Tax rate in British Columbia is seven percent. Among other things, this tax applied to the private sale of used motor vehicles in the province. But with the adoption of the HST in 2010, this long standing tax suddenly shot skyward.

As soon as the HST was introduced, a huge list of items and services saw a federal price hike thanks to the new tax. Everything from a “gentleman’s haircut” at a barber shop to the sale of a used car suddenly had a 12-percent tax added to the service.

When the government allowed for a public vote to decide the fate of the new, combined tax, it was no surprise that 55 percent of British Columbians who cast a ballot in the mail-in referendum voted to scrap the 12-percent HST.

Everyone in the classic car community thought that the tax on private, used vehicles would revert back to a flat seven percent provincial sales tax. But that was not the case. A few weeks ago, it was announced that the tax on the private sale of used motor vehicles would remain at 12 percent.

[Scratch Canada from the list of Countries to relocate to]

[BuckyThreadkiller]

I know in Texas when you trade a car in, the value is deducted from the sales price and the taxable value of the new car. But if you sell it outright and then buy the new car - the buyer pays sales tax on your used vehicle and you pay the full amount on the new car. Its a great incentive for the dealers to lowball your trade by 10% and still claim they are doing you a favor.

If Canadia does the same thing, I'd wager the car dealers had a good lobby helping craft that tax loophole.

[lspencer534]

Originally Posted by BuckyThreadkiller

I know in Texas when you trade a car in, the value is deducted from the sales price and the taxable value of the new car. But if you sell it outright and then buy the new car - the buyer pays sales tax on your used vehicle and you pay the full amount on the new car. Its a great incentive for the dealers to lowball your trade by 10% and still claim they are doing you a favor.

If Canadia does the same thing, I'd wager the car dealers had a good lobby helping craft that tax loophole.

Good point. And the government is none the wiser about what's going on.

[kingpin]

[insertgiraffechewinghere]

[kingpin]

Originally Posted by lspencer534

In July of 2010, the British Columbia Government introduced the Harmonized Sales Tax, a compounded, lump sum tax that combined the federal Goods and Services Tax and the regional Provincial Sales Tax. Five of the 10 Canadian provinces signed onto the plan—Ontario, New Brunswick, Newfoundland/Labrador, British Columbia, and Nova Scotia.

Like American state sales tax, the HST rate may differ across these five provinces. For example, the Provincial Sales Tax rate in British Columbia is seven percent. Among other things, this tax applied to the private sale of used motor vehicles in the province. But with the adoption of the HST in 2010, this long standing tax suddenly shot skyward.

As soon as the HST was introduced, a huge list of items and services saw a federal price hike thanks to the new tax. Everything from a “gentleman’s haircut” at a barber shop to the sale of a used car suddenly had a 12-percent tax added to the service.

When the government allowed for a public vote to decide the fate of the new, combined tax, it was no surprise that 55 percent of British Columbians who cast a ballot in the mail-in referendum voted to scrap the 12-percent HST.

Everyone in the classic car community thought that the tax on private, used vehicles would revert back to a flat seven percent provincial sales tax. But that was not the case. A few weeks ago, it was announced that the tax on the private sale of used motor vehicles would remain at 12 percent.

[Scratch Canada from the list of Countries to relocate to]

We don't want you stinkin' southerners here anyway.

[lspencer534]

Originally Posted by kingpin

We don't want you stinkin' southerners here anyway.

I don't blame ya--we're an obnoxious bunch: Lotsa drinkin', screwin', helpin' each other out, good lookin' wimmins, fast cars, etc. Anyway, as I understand it, the buyer gets a 12% tax hit every time a used car is sold. Dayum!

[kingpin]

Originally Posted by lspencer534

I don't blame ya--we're an obnoxious bunch: Lotsa drinkin', screwin', helpin' each other out, good lookin' wimmins, fast cars, etc. Anyway, as I understand it, the buyer gets a 12% tax hit every time a used car is sold. Dayum!

Isn't there States where you have to pay a tax on your car every year?

[lspencer534]

Originally Posted by kingpin

Isn't there States where you have to pay a tax on your car every year?

I pay road use taxes each year in order to buy a license plate for my car. Don't you have such a tax?

[kingpin]

Originally Posted by lspencer534

I pay road use taxes each year in order to buy a license plate for my car. Don't you have such a tax?

Yeah we pay $72 a year for a sticker that goes on our plates.
I thought I use to read that in places like California people had to pay some kind of percentage every year(not a few dollars either) for their car.
They would get a bill with their property taxes.

[Giraffe (He/Him)]

Originally Posted by kingpin

[insertgiraffechewinghere]

[Allan]

but . . . but, the medical care is FREE!

[kingpin]

Originally Posted by Allan

but . . . but, the medical care is FREE!

Only idiots say that.
We are one of the highest taxed countries around.
This is one of the reasons.

[Allan]

Originally Posted by kingpin

Only idiots say that.
We are one of the highest taxed countries around.
This is one of the reasons.

only a pun my friend, only a pun.

[kingpin]

Originally Posted by Allan

only a pun my friend, only a pun.

All good. I was calling Canadians who say that idiots. We have our fair share of Rotordicks also.

[Rotorhead]

Originally Posted by kingpin

All good. I was calling Canadians who say that idiots. We have our fair share of Rotordicks also.

Rotordicks can make complete coherent sentences.

[kingpin]

Originally Posted by TxAg

oh canaDUH

Is that like Americu*ts?

[mike100]

I'm not sure about the acronyms, but a federal sales tax is a bad idea. Alberta has no sales tax, but still you have to pay the GST to the man (federal).

I think that was an idea that hatched in a french speaking province.

[kingpin]

Originally Posted by TxAg

Don't you have some wood to chop?

From 4-8am this morning I was getting my orders prepped for tomorrow.
Now I can sit here and give you shit for the rest of the day.