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Re: Death of new Boat sales in Canada
Completely disagree with the assumption/generalization that if you can buy a $250k boat, $50k in tax should be no problem. $50k in tax on what could be a 15 year old boat is just plain stupid. I love Canada, main driver for getting vaccinated is the hope to go there this summer, but that is just stupid.
If you are buying a $250k boat and a $50k engine repower would bankrupt you, well then yes that's a problem. You should never buy a boat if an unexpected repower would bankrupt you. But a 20% tax whether its $250k, $500k, $1M, etc.... is just (now for the third time).... stupid regardless if your financial situation. Sorry.
If you are buying a $250k boat and a $50k engine repower would bankrupt you, well then yes that's a problem. You should never buy a boat if an unexpected repower would bankrupt you. But a 20% tax whether its $250k, $500k, $1M, etc.... is just (now for the third time).... stupid regardless if your financial situation. Sorry.
Liberty44140
1 ·
Re: Death of new Boat sales in Canada
I agree. Its easy to say that the additional tax is no big deal when its not your money but what if they put that extra 20% tax on something that is more common like a home sale, or a Trailer or RV sale? Probably be more of an issue I would think at that point.Liberty44140 said:Completely disagree with the assumption/generalization that if you can buy a $250k boat, $50k in tax should be no problem. $50k in tax on what could be a 15 year old boat is just plain stupid. I love Canada, main driver for getting vaccinated is the hope to go there this summer, but that is just stupid.
If you are buying a $250k boat and a $50k engine repower would bankrupt you, well then yes that's a problem. You should never buy a boat if an unexpected repower would bankrupt you. But a 20% tax whether its $250k, $500k, $1M, etc.... is just (now for the third time).... stupid regardless if your financial situation. Sorry.
earl1z19
1 ·
Re: Death of new Boat sales in Canada
Seems like taxes on jets and big boats are mostly symbolic because so few are sold, but maybe I'm wrong.
LaRea
1 ·
Re: Death of new Boat sales in Canada
You can't tax your way into prosperity, never works
earl1z19
2 ·
Re: Death of new Boat sales in Canada
Pretty sure the luxury tax in 2022 will be in addition to the existing 13% HST sales tax.
Put it this way - CDN dealers will have a banner year this year on high-end boats. If they can fulfill the orders.
High end cars & boats. What a weirdly specific tax grab.
Put it this way - CDN dealers will have a banner year this year on high-end boats. If they can fulfill the orders.
High end cars & boats. What a weirdly specific tax grab.
mattie
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Re: What did you do to your boat today
Very nice @Dirtythirty - when we going to see that show up at Rinkervous??
Dream_Inn
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Re: New Canvas
@oscar1 - You know we both have the same boat. I would keep the bungees. It is soooo much easier than snaps. When it gets colder and the canvas shrinks you'll have a heck of a time trying to pull it tight to get it to snap. I think they put the bungees there for a reason. It keeps a constant tension whether the canvas is cold or hot - and makes it easy to pull, loop, and close. My 2 cents...
TonyG13
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Re: Transom Door Barrel Latch
@Liberty44140 same the door is always open. I tell people who try to close it $50 to close the door. If your dumb enough to walk out there and fall off so be it.
reneechris14
2 ·