Canada's New Luxury Tax Means Supercars Will Get More Expensive

By: Anuj Farkade | Team Autobizz

Highlights:

Vehicles over $100,000 are subjected to the lesser of two possible fees based on a percentage of the value.

Highlights:

Canada passed a new tax on luxury goods that will make six-figure vehicles a bit more expensive.

Highlights:

The luxury tax also applies to boats, and aircraft with fewer than 40 seats, though the value threshold for those items rises to $250,000.

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