Quote:
Originally Posted by Bouncing Bettys
I was rear-ended at a red light recently. Car is likely a write-off as it's an 09. Am I to understand that when ICBC cuts me a cheque for their perceived value of my car, I will then go purchase a used replacement vehicle, and ICBC will substantially ding me on what I end up buying?
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as opposed to what?
you would always have paid tax on your replacement vehicle (old or new system)