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03-16-2012, 02:19 PM
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#26 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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Originally Posted by MindBomber  We pay taxes on anything used and sold through a business, I don't understand why everyone is so offended when the purchase happens to be a vehicle other than that the dollar amount is higher. Car parts, thrift stores, anything on consignment, antiques, often art, used textbooks, to an extent property; all are taxed. | it makes sense to charge taxes (maybe only 1 taxes like the soon to be GST/PST days again) when the transaction is through a business/charitable foundation. But private sales?  | 
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03-16-2012, 02:56 PM
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#27 | | Glorious Gaming PC Master Race
Join Date: Oct 2001 Location: Coquitlam y0!
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its doable, however now you posted your asking of a possible fraud question, ICBC now has your IP address and will scrutinize any sale you do as will Revanue Canada. Enjoy your Audi...er, Audit.
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03-16-2012, 05:49 PM
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#28 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,064
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i doubt 16k to 12k will even raise an eyebrow
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03-16-2012, 05:59 PM
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#29 | | Rs has made me the woman i am today!
Join Date: Oct 2004 Location: Richmond
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My dad sold his old corolla to a family friend for a $1 and he had no troubles.
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03-17-2012, 10:27 AM
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#30 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
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i always sell my cars with a blank amount allowing the seller to input a number he/she feels comfortable.
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03-17-2012, 12:29 PM
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#31 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
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| Quote:
Originally Posted by MindBomber We pay taxes on anything used and sold through a business, I don't understand why everyone is so offended when the purchase happens to be a vehicle other than that the dollar amount is higher. Car parts, thrift stores, anything on consignment, antiques, often art, used textbooks, to an extent property; all are taxed. | forgive me if i'm wrong, but i thought on a previous thread you stated that you're of aboriginal descent. in this case aren't you exempt from taxes because of native status?
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03-17-2012, 12:35 PM
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#32 | | RS has made me the bitter person i am today!
Join Date: Dec 2008 Location: Richmond
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I claimed my 240sx sold as 700, guy thought it shoulda claimed as less  | |
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03-17-2012, 02:04 PM
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#33 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Dec 2003 Location: burnaby
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Common practice with lots of folks. Just keep your story straight and tell everyone who asks it was 12k. Even if u have a 16k withdrawal on your account just say the difference was for insurance etc
Lol at internet heros. Posted via RS Mobile | |
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03-17-2012, 03:42 PM
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#34 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
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Originally Posted by GLOW forgive me if i'm wrong, but i thought on a previous thread you stated that you're of aboriginal descent. in this case aren't you exempt from taxes because of native status? | It's a misconception that an aboriginal person with status is entirely exempt from paying taxes, in fact, there are only a few very specific things that qualify for exemption. For a vehicle to be tax exempt, it must be registered to an address on a reserve. The majority of native people do not live on reserves however, myself included, and therefore I do pay taxes on vehicle purchases.
It's a genuine question, because paying taxes on a vehicle purchase genuinely does not really bother me... Quote:
Originally Posted by Qmx323 I claimed my 240sx sold as 700, guy thought it shoulda claimed as less | Of course, because that would benefit him as the buyer. It doesn't benefit you at all, so if you've already gone out of your way who gives a fuck.
Last edited by MindBomber; 03-17-2012 at 04:24 PM.
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03-17-2012, 04:21 PM
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#35 | | I Will not Admit my Addiction to RS
Join Date: Apr 2010 Location: vancouver
Posts: 584
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I've done this before. Just say buddy was your old friend or something an you by as a gift. Posted via RS Mobile | |
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03-17-2012, 09:53 PM
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#36 | | I Will not Admit my Addiction to RS
Join Date: Jan 2006 Location: Vancouver
Posts: 576
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just let the seller know that he is taking a risk if he gets the car written off that ICBC would only give you the amount you declared. or if the seller wants it gifted to avoid taxes all together, tell them they will not be paid out by icbc
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2002 Pontiac Trans Am
1999 Camaro Z28
1995 Camaro SOLD
1995 Nissan 240sx SOLD
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03-17-2012, 10:22 PM
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#37 | | I'm invisible
Join Date: Jun 2002 Location: 604 Vancouver
Posts: 4,458
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ICBC doesn't really get involved with the taxes regarding the transaction. Consumer Taxation Brach (CTB) are the people who get involved with taxing issue. CTB writes all the rules re: taxes, and ICBC just implements them in the system. The tax section gets sent to CTB and or Canada Revenue Agency (CRA).
Anything related to private sale (12% TDP) and or claiming tax exemption goes to CTB.
Anything that is related to HST (buying from dealer/companies) is referred to CRA.
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REVscene.net
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03-17-2012, 10:47 PM
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#38 | | Need my Daily Fix of RS
Join Date: Jun 2002 Location: Abbotsford
Posts: 280
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I bought a car from the US a few years ago for $5000, the CBSA agent was giving me a hard time as the book value was like $16,000. Then he went out to look at the car and saw that the motor was in pieces and that the interior was completely trashed as if a chainsaw was thrown inside.
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03-17-2012, 10:55 PM
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#39 | | Rs has made me the woman i am today!
Join Date: Mar 2010 Location: PM
Posts: 4,476
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Originally Posted by some_punk just let the seller know that he is taking a risk if he gets the car written off that ICBC would only give you the amount you declared. or if the seller wants it gifted to avoid taxes all together, tell them they will not be paid out by icbc | That is incorrect. What you paid or claimed to pay is irrelevant. Posted via RS Mobile | |
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03-18-2012, 07:07 PM
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#40 | | I Will not Admit my Addiction to RS
Join Date: Jan 2006 Location: Vancouver
Posts: 576
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Originally Posted by Jgresch That is incorrect. What you paid or claimed to pay is irrelevant. Posted via RS Mobile | that is what the insurance agent told me. only going by their word. cause the guy who bought my car wanted it gifted, and a year later the car got stolen and burnt to the ground, and he wanted me to tell icbc that he paid me this amount, but i just told icbc that it was given to him. and the guy didnt get paid out. at the time of sale the car was a junker 240sx and sold it real cheap.
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2002 Pontiac Trans Am
1999 Camaro Z28
1995 Camaro SOLD
1995 Nissan 240sx SOLD
2009 Saturn Astra
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03-18-2012, 07:17 PM
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#41 | | I am Hook'd on RS
Join Date: Jul 2011 Location: South surrey
Posts: 67
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The amount of cars being sold privately and by dealers everyday icbc cannot in now way prove you lied. You could of sold it to a friend for cheap, needed engine work, quick sale, needed cash. I have put down $5000 for cars worth 3 times as much. Relax you will be fine. Posted via RS Mobile | |
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