Canada's new luxury tax will take effect on September 1, 2022. After this, automobile dealers will be required to pay luxury tax on sales of subject vehicles where the sale price, including improvements, exceeds $100,000. Learn more about what Canada's new luxury tax means for auto dealers.
The luxury tax is generally a tax on dealers rather than purchasers. And dealers should prepare by building their luxury tax cost into the sale price of subject vehicles.
Let BDO help you navigate the new luxury tax system
BDO Canada can help dealerships prepare with our luxury tax systems review, registration, and compliance package.
We'll evaluate how the application of the luxury tax pertains to your situation and how it can impact your costs and cash flow obligations.
The information in this publication is current as of August 2, 2022.
French translation is in progress.
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