Fish-Hawk.Net

Does anyone know how the new Ontario HST (harmonized sales tax) that comes into affect on July 1, 2010 (as far as I know) affects the purchase of used boats in Ontario?

Under the old/current system used boats/trailers only qualify for PST (8%) if bought and sold privately, and if you do it right of course you can get that down to just the trailer.....not the point of my question though.

Will the tax rate on these purchases now increase to 13% on July 1? I read somewhere that when it comes to used cars (which are somewhat similar in the way they're handled currently), the tax rate will still be 8% so I'm hoping the boating arrangement stays the same as the current setup also.......anyone know?

Cheers,

Popps

according to Service Canada (I called), the private sale of a used boat will be subject to HST at 13%

Good Ol' Dalton "I will not raise taxes" McGuinty!

He has implemented more tax hikes than we ever saw under Harris.....

Think twice when it comes to voting time again....

8 years proven track record of being a liar speaks for itself!

As of July there isn't an 8 and a 5 from now on it's all 13%. Some stuff may just be exempt but most will cost more.

At least as a small business owner finally I will get back all I spend on PST which is a lot as I use $40-50k on suplies every year and gas also cost me over $10k.

nm

I have never paid tax on a private boat transaction. The Service Canada clerk said that each purchase is supposed to be reviewed and tax bills sent out but it rarely gets done.

Wouldn't count on this going under the radar much longer. Buy a used Ranger for 30k and no taxes...............................

If it is registered, Be sure Dalton and now the Fed's (post July 1st 2010) want a piece of the action when you transfer ownership. ........