Tax tax and tax, thats all you ever hear about in vancouver. Yea it is a smart idea to gift your vehicles cuz they cant prove shit. One or another the residents of BC will find another way to pay less tax wherever way it may be, the government takes way too much of our hard earned money and pisses it all away on stupid shit without spending it to improve our quality of life in this city

I didn't even know this bullshit tax issue existed until I moved to b.c. It doesn't exist in alberta or saskatchewen. This province will find any possible reason to screw us in the ass and waste it on shit that nobody cares about.

if the government wants money so badly, they should enforce landlords and tax the rent that they collect.

put down $1 dollar for the price and add plus "services"....circumvent the law is the name of the game...billionaires do it all the time

There are general rules in the tax act that prevents that from happening.

If the vehicle is purchased by a corp (like in your example), it gets added to the capital cost account and you can claim CCA on it annually. However, if you dissolve the company at a later date then the vehicle is deemed to have been sold to the shareholder(s) at its capital cost ($80K). But because the corp is an HST registrant, there's deemed HST as well. Therefore, you can claim the refund of $9,600 as an ITC at the time of purchase, but you'll have to pay it back when it's deemed to be sold.

There's a deemed taxable benefit when vehicles are owned by corps but used by shareholders as well.

The lowest amount you can put on the form is $100. Anything lower you have to use gift letter

sure they can 'fix' this gift idea, but they can't fix the 'i bought it for 100$'. :ilied:

Don't forget that you can swap for a vehicle too. Just because it's a car doesn't mean you have to pay cash. I would think that swapping goods for a car is allowed.

surprise they still have the balls to complain, again and again. Somebody needs to slap some sense into them for a wake up call, this is whore shit afterall. TAxes again and again and again on the same item

:suspicious:

And people actually scold me for wanting to overrun the government.


Taxing the sale of a used vehicle between private parties is the biggest fucking scam I have EVER layed my eyes on.

A big fuck you to our government, they can suck on my gifted Jetta's tail pipe.

:devil:

Well, all I can think is its not going to matter because when the PST comes back in, there is only going to be 5% on a privately sold car...

Right liberals?
RIGHT?

That's only 36% of the value of the car over several years and paid by several people. Compare to the vechicle tax around the world, 36% is very little.

Again, they can't really stop the dodging, it's used car afterall, there's no real price out there. All the people will be driving NSX if it's according to the depreciation rate.

My buddy just sold as Ducati on Craigslist for 10k.

A RCMP officer bought it and he asked to write it as a "gift"

He said he has paid the government enough with his job.

IIRC, paying things like fines and traffic tickets are taxed too :fulloffuck:

If this window of Gifting will become closed or Force-taxable then the new "scam" will be even trades. Trading my porsche cayenne for a Ford Pinto and claiming even value. I see alot of cheap junker cars being purchased to accommodate this trade scam. $500 car instead of 5,000-10,000 in taxes.

The government hates competition.

Think of it as a tax on the transaction. BC is the most socialist province in Canada. Most people on this board have taken more from government entitlements than they have contributed in tax revenue anyway, so I'm not sure why people here complain. It's high income earners like me that eventually get chased out of the Province because I refuse to pay tax to support the deadbeats that can't get their shit together.

You can declare 90% below market value but it has to be justified. The gift letter is not always necessary.

I should really get a "NEEDS REPAIRS" Stamp for those (APV9T) Transfer forms. Writing it out all the time is so tedious.

SST Social Service Tax has been around for a while now, even before C.R.A needed carbon copies from I.C.B.C . It used to be 7% before the HST came and raped it to 12%, and now will drop back to 7% again.


I don't know how this "Trade Scam" is gonna work in your favor exactly since they have Blue/black books of MSRP/retail price on every vehicles up to 25 years old. And if the trade is unfair there has to be a justification anyways. Might as well stick with the "Car's a POS" or "Needs all the parts".


I wonder if trading for "Goat" on farm use vehicles is an acceptable bartering justification.
:considered:

Taxes are retarded, and so is the government lmfao. Ridiculous.

I like how he calls it "stealing from British Columbians"...no, you asshole, YOU are stealing from British Columbians. We are trying to keep our money.

I don't need the government to decide how much better they are at spending my money than I am.

LOl if why not then tax all private sales including craigslist, RS BUY and Sell, kijiji, vansky.......
They should just put a tax on any 2nd hand car that made a profit on the seller side. There will always be loopholes. Want to collect tax? ppl will just put a lower amount for the car when they sell/buy it on paper or maybe even do the transcation elese where (say buy it across the boarder).

Yep, next thing you know, you will get taxed at your next garage sale purchase...

This is a pretty good article against paying taxes for used-private sale cars: Don

I'm opposed to paying tax on used private sale cars, but I can't stand people who ask and expect that I will gift them a car I am selling, or even ask me to mark $1000 less to save $120 in tax.

The whole point of HST was that as a business you can claim back the entire 12% HST you paid when you file your taxes for the business, and so can your supplier, and his supplier, etc etc. So only the end purchaser actually pays the 12% unless your bookkeepers are incompetent. I'm guessing you voted HST out since it doesn't sound like you understand that point?

Thing is, its NOT a legal loophole since people are obviously taking money in exchange for their used cars. So people participating are not using the loophole legally, they are just banking that it cannot be proven. Whether you justify this by saying we get taxed too much already, tax on used personal goods are bs, etc etc, still doesn't make it legal.

It may be smart until you are busted and who knows what will happen. I've never done this in my vehicle sales or purchases due to the possible chance of getting caught, and not knowing what the consequences will be over a couple hundred bucks--tax evasion is something taken more seriously than DUI or murder. From the sounds of things, it doesn't sound like the chance of getting caught is even remotely slight if there are people getting away with 'gifting' $50k+ cars and all the gov can say is 'this is not right'.

Pre-HST there was still 8% PST that was charged/paid for private car sales in BC. So yes, it will matter to the province all the same.

I believe back in the PST days, all people were supposed to collect PST on privately sold goods, even for a $100 iPod, then report it when you file your personal income taxes. Obvious flaw to that was there was zero way of enforcing it, no paper trail at all, and nobody gave a damn.

The thing of it is, i could ask for the tax to be removed, like Saskatchewan, but the tax and spend NDP and Liberals can't handle not having excess funds to play with.

They think its a crime that people aren't handing over money to the government when they buy a used car. I say fuck you. You buy a new car, you pay tax. You buy a used car, you pay tax. You buy a new house, you pay tax. You buy a used house and what now?

The taxman will always want more.....