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^Bruh PST is 7% gst is 5%, you've had to pay both on used cars since they got rid of the HST and dealers lobbied to have both taxes on private sales so privates wouldn't have an advantage.
That being said only the buyer is evading taxes so I would think it would be on them.
Actually Jmac is right. Used car from a dealership is charged 5% GST and 7% PST. Used cars on a private sale is charged 12% PST. Either way it's still 12% tax.
My AFC gave me an ABS CEL code of LOL while at WOT!
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Quote:
Originally Posted by DJ Milk
Actually Jmac is right. Used car from a dealership is charged 5% GST and 7% PST. Used cars on a private sale is charged 12% PST. Either way it's bullshit
Actually Jmac is right. Used car from a dealership is charged 5% GST and 7% PST. Used cars on a private sale is charged 12% PST. Either way it's still 12% tax.
Edit : Damn it, I didn't see 68style post above me
You can thank the fucking morons who voted to repeal the HST for that
/rant.
EDIT: 68style is correct, I totally misremebered the situation. Complete knee jerk reaction and brain fart there.
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Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold
You can thank the fucking morons who voted to repeal the HST for that
/rant.
Why? HST was the opportunity the government used to increase private sales to 12%, it should have gone back to 7% when the HST was repealed but it didn't.
There's no one to blame except the collusion that occurred between the provincial government and the new car dealers association for quietly sliding that change through even when HST was repealed. You want to blame someone, contact these guys: https://www.newcardealers.ca/
Quote:
Originally Posted by Gh0st
okay thanks so the consensus is as the seller I am likely not to have any liability for selling the car under market value then..?
I don't think you're entirely in the clear. I think the buyer is the one they'd go after for money since that's all the government cares about anyway, but that said the APV9T very clearly has a red box around the selling price that you are declaring in the sale and below that the legalese reads something to the effect that by signing here you are guaranteeing you have not received anything above and beyond the consideration you wrote in that box.
Up to you man. You're still signing a legal document with a value you declared on it that you knew to be false. You could always just claim ignorance though or say that you signed the form and handed it off and it was out of your hands when the actual ownership transaction took place (this happens quite commonly)
Why? HST was the opportunity the government used to increase private sales to 12%, it should have gone back to 7% when the HST was repealed but it didn't.
There's no one to blame except the collusion that occurred between the provincial government and the new car dealers association for quietly sliding that change through even when HST was repealed. You want to blame someone, contact these guys: https://www.newcardealers.ca/
You are right here, complete brain fart on my part of the sequence of events during that whole fiasco. Fail on my part.
__________________
Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold
Why? HST was the opportunity the government used to increase private sales to 12%, it should have gone back to 7% when the HST was repealed but it didn't.
There's no one to blame except the collusion that occurred between the provincial government and the new car dealers association for quietly sliding that change through even when HST was repealed. You want to blame someone, contact these guys: https://www.newcardealers.ca/
Spoiler!
I don't think you're entirely in the clear. I think the buyer is the one they'd go after for money since that's all the government cares about anyway, but that said the APV9T very clearly has a red box around the selling price that you are declaring in the sale and below that the legalese reads something to the effect that by signing here you are guaranteeing you have not received anything above and beyond the consideration you wrote in that box.
Up to you man. You're still signing a legal document with a value you declared on it that you knew to be false. You could always just claim ignorance though or say that you signed the form and handed it off and it was out of your hands when the actual ownership transaction took place (this happens quite commonly)
It was yet another example of gov't catering to a small group of powerful individuals. Just like the taxi cartels, the real estate tycoons, the casino investors, et al.
My AFC gave me an ABS CEL code of LOL while at WOT!
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Quote:
Originally Posted by originalhypa
It was yet another example of gov't catering to a small group of powerful individuals. Just like the taxi cartels, the real estate tycoons, the casino investors, et al.
dealers may have pushed for it, but the provincial gov are the ones raking in the extra coin, not the dealerships. the issue here is that a HUGE stink wasn't made about it by the public 6 years ago when the HST was repealed.
THIS THREAD NEEDS A GOOD BUY STAT
I posted this one before, and assumed it sold quick, but I think it's the same owner a month later. I think it's up a few bucks but it's still a good deal, and the repost sometimes shows while the price has gone up, the bottom line may not have. I'd go into this one in the very low 30's
I don't think you're entirely in the clear. I think the buyer is the one they'd go after for money since that's all the government cares about anyway, but that said the APV9T very clearly has a red box around the selling price that you are declaring in the sale and below that the legalese reads something to the effect that by signing here you are guaranteeing you have not received anything above and beyond the consideration you wrote in that box.
Just sell the car cheap and sell some accessory (winter tires, floor mats, whatever) for an inflated price as a separate transaction. They can still pull that bullshit on the buyer but the seller should be in the clear unless it's somehow illegal to sell overpriced car parts.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed]
Quote:
Originally Posted by maksimizer
half those dudes are hotter than ,my GF.
Quote:
Originally Posted by RevYouUp
reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z
Quote:
Originally Posted by Good_KarMa
OH thank god. I thought u had sex with my wife. :cry:
He keeps saying tan and yellow like they're so distinct from each other..... maybe it's my shitty Asus screen but I'm like bruh... they're practically the same awful colour lol
Actually Jmac is right. Used car from a dealership is charged 5% GST and 7% PST. Used cars on a private sale is charged 12% PST. Either way it's still 12% tax.
Edit : Damn it, I didn't see 68style post above me
Here's an unsolicited tax tip for you business owners out there. If you are a GST registered business and you are buying a vehicle for business use, you will get the GST input tax credit (subject to limitations) on the vehicle's purchase price if buying the vehicle from a car dealership (because 5% GST). Whereas, if you buy the vehicle privately, you are paying 12% PST and therefore not entitled to a GST input tax credit because you did not pay GST. The PST then gets capitalized to the cost of the vehicle and amortized in accordance with the capital cost allowance rules.
It's something to consider when you have two similar and closely priced vehicles but one is from a dealership and the other a private sale.
^
You'll more than make up for that savings buying private because a private seller's price is going to be way more than 5% cheaper than any dealership will price the equivalent car for 99/100 times.
^ that makes sense on new vehicles. I just purchased my latest vehicle from a VW dealership for a good price. All other vehicles I’ve purchased have been private.
What a treat. All fluids topped up. Vehicle inspection, fulltank of gas, full polish and chip fills after I purchased and work done without my even knowing. I was pretty happy with the dealership experience. Something I always frowned upon before.
He keeps saying tan and yellow like they're so distinct from each other..... maybe it's my shitty Asus screen but I'm like bruh... they're practically the same awful colour lol
I want to say the first picture is the tan one and the second is yellow? What blows me away is that they're from the same year, how bland was the person at Chrysler who decided they needed two pale beige's available?
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed]
Quote:
Originally Posted by maksimizer
half those dudes are hotter than ,my GF.
Quote:
Originally Posted by RevYouUp
reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z
Quote:
Originally Posted by Good_KarMa
OH thank god. I thought u had sex with my wife. :cry:
I want to say the first picture is the tan one and the second is yellow? What blows me away is that they're from the same year, how bland was the person at Chrysler who decided they needed two pale beige's available?
Yeah but you gotta understand that in the 70's, all shades of brown were VERY hot.
Also the Chrysler New Yorker was the North American equivalent to what a Bentley is today (or at least an MB S class).
^ that’s a bit of a stretch but I’ll never forget how nervous I got watching a friend steal the crystal Chrysler symbol off of one to impress some older kids.
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If you drive like an asshole, you probably are one.
Quote:
Originally Posted by MG1
punkwax, I don't care what your friends say about you, you are gold!
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