Quote:
Originally Posted by Euro7r
Maybe I'm retarded today and can't think these days. So he plans to buy a new car which he will pay taxes on in AB. When he moves back to BC, doesn't add up if he pays tax again to switch to BC plate...It's like tax on tax...
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He's an AB resident now as he has the residence (rented by the company) with AB license and healthcare. So the idea is to buy an exotic car in the 250-300k range.
Doing that in AB is 300k*1.05=315k out the door.
The same car in BC would cost 300k*1.25=375k OTD.
From what nismodrifter provided, he'd be exempt of BC PST when he brings the car back to BC. What he'd have to double-check would be if he'd be deem as "new resident" upon returning in 2yrs since his family are still here.