Quote:
Originally Posted by underscore
The numbers you posted say it was short by 2.1%. That's pretty dang accurate of an estimate.
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It’s still below the estimate, even during the peak of the luxury car market. As the market slows, so will the revenue. Plus, the tax costs $19 million a year just to implement and manage, which eats into what it brings in.
Before this tax, they were already pulling in decent revenue from GST/HST on high end car sales.