Quote:
Originally Posted by Bumpinjeep
What?!? What a F'ing mess. How does that work? Is that based on the total MSRP? So let's say you have a car with a base price of $96K and with options it's either $99K or $101K, are you saying the $101K car is now a $150K or so? Because that is insane.
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Luxury tax in Canada is 20% of the value over 100k (for cars). You pay regular applicable taxes on the whole amount (depending on the province 5% to 15%) then an extra 20% for the number above 100k.