<p>The&nbsp;Canadian&nbsp;government's&nbsp;proposed&nbsp;luxury tax on certain vehicles, including essentially all new general aviation aircraft purchases, will&nbsp;be enacted&nbsp;on Sept. 1, 2022.&nbsp;The&nbsp;tax&nbsp;applies&nbsp;to new cars and aircraft with a retail sales price of over $100,000 and to boats over $250,000. The tax would be calculated at the lesser of 20&nbsp;percent&nbsp;of the value above the threshold ($100,000 for cars and personal aircraft, $250,000 for boats) or 10&nbsp;percent of the full value of the car, boat, or aircraft. These regulations would provide that the&nbsp;tax is&nbsp;applied&nbsp;to&nbsp;“written sales agreements”&nbsp;entered into&nbsp;after&nbsp;Jan. 1, 2022.&nbsp;Certain aircraft sold for export will be exempted.&nbsp;</p>


Canada: Luxury Tax Adopted

2024 Corporate Aviation Leadership Summit

Canada: Luxury Tax Adopted

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