OTTAWA — Canada’s new luxury tax on luxury cars, boats and private planes brought in $137 million in its first year, but it cost $19 million to bring in those taxes.
Conservative MP Scot Davidson tabled an order paper question demanding information about the new tax in the spring and received answers from the government when Parliament returned this month.
This suggests either evasion a legal loophole or Canada just doesn’t have much of a luxury market as the number of sales seems low. Is there a way to legally avoid the tax?
