Luxurious boat tax on the radar of Saanich Peninsula communities – Victoria Information

Sidney’s chief administrative officer stated the municipality is conscious of the brand new luxurious that may apply to retail gross sales of boats, vehicles and airplanes of a sure worth throughout Canada.

“The (municipality) didn’t submit a touch upon this nationwide tax coverage in the course of the session interval of this initiative,” stated Randy Humble. He added that the boating business is a vital a part of Sidney’s economic system, which the municipality helps by land-use planning that protects marine industrial house, municipal tax coverage that gives one of many lowest charges of enterprise tax within the Capital Regional District and financial improvement efforts, such because the financial improvement technique now underway.

Britt Burnham, supervisor of group companies in Central Saanich, stated the district can also be conscious of the brand new tax however didn’t obtain a request to touch upon this nationwide tax coverage.

Erik Lambertson, North Saanich’s supervisor of communications and engagement, stated the district has additionally had no communication with the federal authorities concerning this subject.

The federal authorities plans to use the tax, beginning Sept. 1, to new vehicles and plane with a retail gross sales worth of over $100,000 and to boats over $250,000. The tax would apply to both 10 per cent of the full buy worth or 20 per cent of worth of the brink, whichever is lesser.

The tax has drawn criticism from the native marine business and native MP Elizabeth Could.

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Saanich Peninsula

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