Luxury Tax

With the recent unveiling of the Liberal budget that could take effect at the start of 2022, came about a proposed “luxury tax” for higher-end vehicles. To push forward environmental sustaining initiatives, this would also provide a continued tax break for those vehicles dubbed “green”. So, what does that all mean? Let’s look at the implications if passed: About the Luxury Tax: This tax would apply to vehicles that are priced over $100,000 before taxes. The cost will be 10 percen

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