The federal government implemented the new luxury tax on boats on September 1, 2022.<\/p>\n Therefore, all boats (2019 and older) that will be sold from September 1, 2022 will be taxable, even if the purchase contract was signed at the dealership well before this date (during the year 2022).<\/p>\n The notion of new or used boats subject to the new tax is a little nuanced for sales made by a dealer; time and case law will tell us more in the coming weeks. But one thing is certain, the new boat from 2019 is definitely included.<\/p>\n However, it appears that contracts signed before December 31, 2021 are exempt, regardless of the time of final delivery. But the registration of the boat under Transport Canada must have been done before September 1, 2022 in order to avoid taxation upon resale, even if it is a sale between individuals. Therefore any boat registered after September 1, 2022 may be subject to the luxury tax, even if it is a sale between individuals. Everything needs to be checked\u2026\u00a0Donc tout bateau immatricul\u00e9 apr\u00e8s le 1 septembre 2022 peut se voir soumis \u00e0 la\u00a0taxe de luxe, et ce m\u00eame si c’est une vente entre particuliers. Tout est \u00e0 v\u00e9rifier…<\/strong><\/p>\n According to available information, this new tax will be applicable to both new and used boats (for 2019 and above) over $250,000 CAD sold by dealers, but boats already registered in Canada or elsewhere (before September 1, 2022). will not be included for this new tax for a sale between individuals or via a broker. ne seront pas inclus pour cette nouvelle taxe pour une vente entre particuliers ou via un courtier<\/u>.<\/strong><\/p>\n Therefore the sale of a boat between individuals is not subject to this new luxury tax if the boat has already had an owner before September 1, 2022.<\/p>\n This rule must be interpreted as follows (subject to):<\/p>\n 1- So in general, a boat will not be subject to this new luxury tax if it is currently in Canadian territory or elsewhere (US or EURO) as part of a sale between individuals with or without a broker, but it must have been registered (registered) before September 1, 2022. You have the choice between 10% of the total value of the contract or 20% of the excess of $250,000, you take the smaller value between these calculation methods.<\/p>\n Don\u2019t forget that GST and QST apply to this new tax. So it\u2019s a tax on existing taxes.<\/p>\n In addition, if you import a boat into Canada, it must respect the various free trade treaties in force with certain countries, otherwise a customs rate of 9.5% is applicable.<\/p>\n We are awaiting details on the terms of application, it is always the finer details that are important.<\/p>\n The brokers at Ita Yachts Canada remain on the lookout for you, so all boats from 2019 and above are included for the moment in this new tax.<\/p>\n For a detailed explanation, see this PODCAST by<\/u>\u00a0clicking here<\/a>.<\/u><\/strong><\/p>\n![\"](\"https:\/\/i0.wp.com\/wppriobateau.ca\/wp-content\/uploads\/2024\/02\/Capture-decran-le-2023-12-07-a-15.04.40.png?ssl=1\")
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\n2- Donc un bateau acquis et\u00a0enregistrer<\/strong>\u00a0au Canada\u00a0ou ailleurs avant<\/strong>\u00a02- So a boat acquired and registered in Canada or elsewhere before September 1, 2022 and sold thereafter will be excluded from this new tax as part of a sale between individuals.
\n3- A boat acquired after September 1, 2022 and which has a serial number of 2019 and above, the owner therefore pays the luxury tax when purchasing it from a dealer. Upon resale, the next owner\u00a0after<\/strong>\u00a0le 1 septembre 2022 et qui porte un num\u00e9ro de s\u00e9rie de 2019 et plus, le propri\u00e9taire paie donc la taxe de luxe lors de son achat chez un concessionnaire. \u00c0 la revente, le prochain propri\u00e9taire\u00a0sera<\/strong>\u00a0ou\u00a0ne sera pas<\/u><\/strong>\u00a0<\/strong>soumis \u00e0 cette nouvelle taxe \u00e9tant donn\u00e9 la
\nr\u00e8gle #1. \u00a0La revente d’un bateau immatricul\u00e9 apr\u00e8s le 1 sept 2022 peut \u00eatre soumis \u00e0 la taxe de luxe, certains crit\u00e8res sont \u00e0 v\u00e9rifier.
\n4- Donc pour les bateaux acquis apr\u00e8s le 1 septembre 2022, la taxe de luxe est payable par le premier propri\u00e9taire qui enregistre le bateau au Canada. Voir la r\u00e8gle 7.
\n5- Un bateau acquis hors du Canada et qui entre au Canada apr\u00e8s le 1 septembre 2022 devra d\u00e9montrer qu\u2019il a d\u00e9j\u00e0 \u00e9t\u00e9 immatricul\u00e9 ailleurs dans le monde avant le 1 sept 2022 (avoir d\u00e9j\u00e0 \u00e9t\u00e9 la propri\u00e9t\u00e9 de quelqu\u2019un).
\n6- Un bateau acquis hors du Canada et qui demeure hors du Canada continue de b\u00e9n\u00e9ficier d’une exemption de taxes canadienne et ce peu importe la date de fabrication, autrement dit, la situation actuelle demeure inchang\u00e9e pour cette situation.
\n7- La taxe de luxe est payable qu’une seule fois pour un m\u00eame bateau.<\/strong><\/p>\n