Yes.Driftwood wrote:On a similar vien, my dad is getting a used minivan from his sister. They're coming to Canada and will be leaving it here. Its not worth much, its a '94 Caravan. Does he still have to pay taxes on it?
I can't speak for anything related to making the vehicle compliant to Canadian Automobile specs. This is something to take up with RIV.ryan123 wrote:my dad bought an 2006 subaru impreza sports wagon for 19000 US after tax and everything. He has an tn visa, so thats why he can insure the car in USA. He will be coming back around June. So when i declare the value of the car, do i declare the current value of the car after deprecation of the 6 months, or do i tell them the price i bought it for. Even if i have to pay 6% tax, it is still much cheaper than buying from Canada (22152.94). THe same car would have costed 30,000 CAD after tax in ottawa.
I was reading the list of things i need to get modified.
Metric speedometer and odometer labels (provided by inspection centre)DO i need to do this if my car has both the KM and miles label on it.
French supplementary restraint system label for airbags that require periodic maintenance. What is this?
It's your choice how you want to declare the value of the vehicle. Personally, I'd declare it at the current depreciated market value.