![]() Sneaking repaired classic car into Canada costs man $55KMisc CDN | 206915 hits | Mar 15 7:20 am | Posted by: wildrosegirl Commentsview comments in forum Page 1 2 You need to be a member of CKA and be logged into the site, to comment on news. |
Who voted on this?
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It's stupid that any country thinks they should tax anything that happens in another country.
Can't allow Canadians to escape their high cost/tax environment by simply jumping over the border.
No deals on car restoration, you silly canook! You pay! You pay now!
But I have to admire his taste in cars. A '67 Malibu is what I would get if I was really into that type of thing. Had one in the 70's, one of the best cars I ever had. Not too big, not too small like a Camaro or a Nova. I think they look really good too.
In this case when work like this is done, tax is paid upon the new total value of the car, and not on the invoice paid to have the work done. I had my Nova painted in the states many years ago and that the way it went. The duty or tax for me was minimal...but that was 30 or so years ago. This guy was definitely trying to evade duties and taxes. On the other hand if he can afford that kind of restoration then I don't think he'll be made penniless paying the fines.
He way increased the value of the car and was trying to import that value, has to pay duty on it.
That's absurd. Would he be due a tax write off if the car were destroyed outside of Canada? Of course not.
It's also absurd because any supposed gain in value is only realized if he sells the car - which he didn't.
In any case, this will help drive capital out of Canada and into the USA so thanks for advocating for our economy with your ridiculous tax policies.