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Old 10-04-2020, 09:14 AM   #33
dark0821
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Join Date: Oct 2008
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I agree 100%, your friend is 100% legit, It is not even close to tax evasion... he is living there for 2 years (24Xs longer than the 30 day law/rule).

I think if you are doing what I described in my 1st post - "moving" there for only 60 to 90 days... You can always say you wanted to try a new career path, but didnt pan out.. moving back to Vancouver after?

that is where it gets sketchy af... but even then... it is still very legit since you did satisfy the rules of owning the car for more than 30 days while being a resident of the other said province.


As for "reg" people owning exotics...If you have the equity, which I think most people do when they are mid 30/40s.... you have to think the cost of owning a lightly used V8 Ferrari for a year or two might be just about 100k? (thats depreciation, insurance and gas ).. not saying throwing 100k into the dumpster is a sound financial move, but to have the experience of having something like that for 1 year or 2.... that is something you get to cherish for a lifetime....

PS. not asking you to add another 100K more to your mortgage, the equity is only there so you will get approved for the loan to buy a car like that.....
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