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Calculator. Free resource and calculator to help estimate provincial/territorial and federal taxes owing on new and used Canadian vehicle transactions (GST, PST, RST, QST, HST, luxury tax) in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, and Yukon.
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Sep 15, 2023 · The price listed on the bill of sale will be used to calculate how much (if any) sales tax is due. As with most purchases, the tax rate on used cars varies between Canadian provinces and territories. British Columbia charges from 12% to 20%, depending on the value of the car.
At CQCA, we offer a complimentary service to provide you with the Black Book’s average wholesale valuation for your vehicle. ICBC utilizes this figure for tax calculation. To obtain this value for your car, SUV or pickup truck, please share its VIN with us.
- How Car Sales Taxed in BC - Do You Pay GST and PST?
- Do You Have to Pay Tax on Used Cars in Bc?
- Paying PST on A Privately Sold Used Vehicle
- What’s The BC Luxury Car Tax?
- How Is Luxury Tax calculated?
- Tax Breaks For Used Zero-Emission Electric Vehicles
- Less Taxing, More Relaxing
Car sales are taxed differently in each province but British Columbia is probably the quirkiest of them all. For example, things are pretty straightforward in Alberta, where there’s no provincial sales tax. That means you pay 0% taxes on any privately sold used vehicle you buy there. Compare that with BC, where there’s not only provincial sales tax...
You do have to pay tax on a used car in BC, but when it comes to how those taxes are calculated and paid, there’s a difference between buying a used car in a dealership versus through a private sale.
When you buy a used car at a dealership (or online retailer) paying PST is simple. You pay it at the time of sale as part of the purchase price, so it’s all pretty straightforward. When you’re buying a used vehicle from a private seller, paying PST isn’t as cut and dry. In cases where a vehicle is purchased from a private seller, PST is typically c...
The BC luxury car tax is often-cited but little understood. It’s really just referring to the thresholds at which PST increases, depending on the purchase price of a vehicle. Whether you buy a used car from a dealership or a private seller, the amount of PST you’ll need to pay will fluctuate depending on the purchase price. PST for new or used vehi...
The first threshold is $55,000. If you buy a used car under this price, you’ll pay a PST rate of 7%. At the top end of the spectrum is where the tax increases really start to take a bite. For vehicles over $125,000 you’re looking at 15%, and for vehicles over $150,000 the rate jumps to a whopping 20%. So if you’re thinking about picking up a high-p...
These days there are plenty of reasons to consider switching to a zero-emission electric vehicle. From rapidly rising gas prices to concerns over the environment, going EV is an increasingly popular option with Canadians. But now you can add tax breaks to the list of reasons to switch as well. If you buy an eligible used electric vehiclein BC, eith...
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Tax on privately acquired vehicles in B.C. If you purchase a vehicle in a private sale or receive it as a gift in certain circumstances, you must pay PST on the purchase or gift. PST is generally payable at the time the vehicle is registered with your Autoplan Broker.
Use our Canada car tax calculator to find out how much tax you would be paying when purchasing a car and find out which provinces have the lowest tax rate.
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How much tax does a car cost in British Columbia?
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How much is sales tax on a used car in Canada?
How much is PST on a used car in BC?
Calculate the GST (5%) & PST (7%) amounts in BC by putting either the after tax or before tax amount. Find out about the rates & rebates in BC.
