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Price: Trade-In: Zero-Emission Vehicle. 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 ...
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If it was between $125,000 – $150,000, the PST would be 15%. Any used vehicle purchase over $150,000 from a private seller would cost you 20% in provincial sales tax, IF you listed it with the price that you actually paid. Many people didn’t.
- Average Wholesale Value
- Who can determine the appraised value of a motor vehicle
- Motor Vehicles Not Subject to the New Valuation Rules
Under the new rules, the average wholesale value of a motor vehicle, for the purpose of calculating PST due, is determined using the Canadian Black Book valuation guide. The guide lists the average wholesale value of motor vehicles by year, make, model and trim. This average wholesale value will be compared to the price paid for the motor vehicle a...
The appraised retail value of a motor vehicle can be determined by: a motor dealer registered under the British Columbia Motor Dealer Act, a person authorized under the law of another jurisdiction to carry on business in that jurisdiction in a manner similar to a motor dealer under the Motor Dealer Act, or a person whose business it is to apprais...
The new valuation rules for motor vehicles do not apply to all motor vehicles. The following types of vehicles are not subject to the new rules: Motor vehicles where the average wholesale value cannot be determined (e.g. the average wholesale value of the motor vehicle is not listed in the Canadian Black Book valuation guide by year, make, model an...
There are 2 other categories that also require a listing fee with each ad: Automotive Services in Cars and Vehicles. Real Estate Services in Real Estate. Since June 2018, there was an insertion fee required for Moving/Storage, Financial/Legal, Automotive Services and Real Estate Services. Now there will be an insertion fee when posting in any ...
Effective October 1, 2022, if you purchase a vehicle at a private sale in B.C., you generally must pay PST at the applicable rate on the greater of the average wholesale value or the purchase price of the vehicle, unless a specific exemption
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Nov 25, 2022 · A new rule means people buying cars in private sales are paying taxes on the list value of used cars, as opposed to the actual sales cost.
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Oct 6, 2022 · The B.C. government says it will generate an estimate $30 million annually with a new policy to more vigorously tax used car sales. As of Oct. 1, provincial sales tax for any car sold in a private sale or imported into the province from outside of Canada will be determined by the Canadian Black Book value .
