Canadian Government Looking To Introduce 10% Luxury Tax On Cars Over $100,000 | Carscoops carscoops
Canada does offer tax incentives on electric vehicles but only on those that are lower-priced. As it stands, vehicles with six seats or fewer with a base price of less than CAD$45,000 or vehicles with seven or more seats whose MSRP is less than CAD$55,000 are eligible for up CAD$5,000 in tax rebates if the vehicle is all-electric or hydrogen-powered. That means that vehicles likeand the Ford Mustang Mach-E are eligible for incentives.
The government is now inviting the public to comment on the bill, which the Global Automakers of Canada lobby has said it will do, until April 11. If it gets Parliamentary approval after that, it will come into effect on September 1, 2022.
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