....
....
Last edited by saisoj on May 26th, 2020 7:51 pm, edited 1 time in total.
May 22nd, 2020 3:26 am
May 22nd, 2020 6:17 am
My guess would be:saisoj wrote: ↑ I couldn't find the exact answer for this.
Let's supposed:
1) I have a car that is worth over $50k
2) I live in Ontario
3) I decide to use that car as trade-in for buying a cheaper car that is worth $30k in Quebec
4) The car dealer decides to give me $20k back and I basically won't pay any taxes on the car I just got because mine is of higher value.
Once I bring that car back to Ontario, do I need to pay any taxes on that car when I register it? I was all happy thinking it would be tax free since mine was of higher value, now I'm not so sure!
May 22nd, 2020 8:28 am
May 22nd, 2020 9:11 am
Wonderful, I sell my house and buy one cheaper in another province and not pay taxes.saisoj wrote: ↑I couldn't find the exact answer for this.
Let's supposed:
1) I have a car that is worth over $50k
2) I live in Ontario
3) I decide to use that car as trade-in for buying a cheaper car that is worth $30k in Quebec
4) The car dealer decides to give me $20k back and I basically won't pay any taxes on the car I just got because mine is of higher value.
Once I bring that car back to Ontario, do I need to pay any taxes on that car when I register it? I was all happy thinking it would be tax free since mine was of higher value, now I'm not so sure!
May 22nd, 2020 5:09 pm