Andrew,
I am interested to know more about this CDN Luxury Tax on US boats here
in Canada for a period of time. I can't find anything on the CDN Govt
websites on the law.
Do you have a source/ website, anything I can use to get started on
finding out the specifics?
Anything would help. Thanking you in advnace.
Robert Abbott
AZURA
C&C 32 - #277
Halifax, N.S.
On 2022-01-12 5:16 p.m., Andrew Burton via CnC-List wrote:
There’s also a newish Canadian law that taxes US boats if they are in
Canada for more than a short amount of time. It has put several yards
out of business, including a friend in NS who used to work on and
store a bunch of US boats very winter.
It put the kibosh on my plans to cruise to Bras D’or one summer, leave
the bot and then cruise Newfoundland the next summer.
Andy
Andrew Burton
26 Beacon Hill
Newport, RI
USA 02840
http://sites.google.com/site/andrewburtonyachtservices/
+401 965-5260
On Jan 12, 2022, at 14:47, Dennis C. via CnC-List
<cnc-list@cnc-list.com> wrote:
When the US imposed the luxury tax in the 90's or whenever, it put
17,000 boat builders in the unemployment line. Luxury car
salespersons also suffered. Legislators and bureaucrats are woefully
ignorant of the law of unintended consequences.
Did it result in increased tax collections? Not really. As it only
applied to new yachts bought in the US, rich folks simply bought
yachts in Europe and brought them home, as I recall.
Other anecdotal laws we seem to forget: the U shaped curve (governs
efficiencies of volume), the 95% rule (it's easy to pick up the first
95% of that pound of sugar you spilled). And there's always the law
above them all, Murphy's Law.
--
Dennis C.
Touche' 35-1 #83
Mandeville, LA
On Wed, Jan 12, 2022 at 1:33 PM Bill Coleman via CnC-List
<cnc-list@cnc-list.com> wrote:
OK, I know I should just get back to work, but this is a very
thought provoking Bill about to take place,
and it is like watching a slow motion train wreck.
The American Version of the 90’s may not have been what
completely killed C&C, but it certainly guaranteed it.
What do they say, “Those who do not remember the mistakes of the
past are condemned to repeat them in the future” ?!
It’s been about a generation, long enough to forget, I guess. And
Canada has a lot to lose.
https://marinefabricatormag.com/2021/12/20/analysis-shows-canadas-proposed-luxury-tax-will-have-heavy-impact-on-marine-industry/
https://www.chicagotribune.com/news/ct-xpm-1991-06-13-9102220626-story.html
Bill Coleman
Entrada, Erie, PA
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list - use PayPal to send contribution --
https://www.paypal.me/stumurray Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the
costs involved. If you want to show your support to the list - use PayPal to
send contribution --https://www.paypal.me/stumurray Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the
costs involved. If you want to show your support to the list - use PayPal to
send contribution -- https://www.paypal.me/stumurray Thanks - Stu
