Automotive

Federal budget expected to offer subsidies for electric cars

  • Last Updated:
  • Oct 5th, 2019 10:39 pm
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Jan 8, 2009
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MMMPower wrote: this is stupid. stop wasting tax payer's money
Government should hang onto it and save up for the next round of ICE manufacturer bailouts when the oil price goes back up and they still don't have competitive electric vehicles.
"Never wrestle with a pig. You'll both get dirty, and the pig likes it"
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Apr 21, 2004
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308spartans wrote: To encourage more Canadians to buy zero-emission vehicles, Budget 2019 proposes to provide $300 million over three years, starting in 2019–20, to Transport Canada to introduce a new federal purchase incentive of up to $5,000 for electric battery or hydrogen fuel cell vehicles with a manufacturer’s suggested retail price of less than $45,000. Program details to follow.


https://www.budget.gc.ca/2019/docs/plan ... Affordable
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Sep 22, 2012
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The business-use tax write-off is surprising.
Budget 2019 proposes that these vehicles be eligible for a full tax write-off in the year they are put in use.

Anne is a travelling sales representative working as an independent contractor. She needs to replace the aging gasoline vehicle that she currently uses strictly for her business and is considering the advantages of buying an electric vehicle. Anne drives long distances every day and requires an electric vehicle with a long range. She found that a suitable electric vehicle has a cost of $48,000. With measures announced in this Budget, she could deduct the $48,000 purchase price of the electric vehicle in full in the year she starts using it. This is in addition to the fact that she would be refunded the GST or HST paid. The decision to purchase an electric vehicle would reduce Anne’s federal/provincial income taxes and GST/HST in the year she acquires the vehicle by about $13,000.
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Sep 22, 2012
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thatsnazzyiphoneguy wrote: is there discounts for HYBRID vehicles?
For non-plugin, no, and there shouldn't be.

The price premium for a hybrid is minor and easily offset through savings on fuel.
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Oct 7, 2008
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rugerty100 wrote: The business-use tax write-off is surprising.
So if you buy a car for business use you also dont pay any sales tax? Thats pretty sweet. That's a rebate of 6.24 K (13%) in the 48k example given above. Even sweeter in Quebec as they have higher sales tax and if you can stack with the 8K provincial rebate.

Too bad Ontario cancelled the 14K, that would've been a discount of 19K on Volts Bolts Leafs etc., deal of the decade haha
Last edited by I RFD on Mar 19th, 2019 6:06 pm, edited 1 time in total.
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May 4, 2014
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seafish wrote: 45k MSRP limit? What EV is sold below that?
Leaf, Smart, Bolt LT, Ioniq, Soul?
Kona is 45,599, so close
Model 3 is 46,700, that's a bummer.
Don't need more base model Model 3's on the road, I find the people driving the base models Tesla's are much more likely to be hypermilers, doing at/below speed limit in the left lane.
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Oct 7, 2008
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er34er34 wrote: Don't need more base model Model 3's on the road, I find the people driving the base models Tesla's are much more likely to be hypermilers, doing at/below speed limit in the left lane.
How can you tell theyre base models from the outside? Plus I doubt if many or any have been delivered yet
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Oct 7, 2008
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seafish wrote: 45k MSRP limit? What EV is sold below that?
Leaf, Smart, Bolt LT, Ioniq, Soul?
Kona is 45,599, so close
Model 3 is 46,700, that's a bummer.
If Hyundai Canada is smart they'll drop their price to below 45K, maybe 2020 model year. Also waiting until after the election later this year will give them certainty, if the blue guys get in then the incentive could be toast. Maybe the Leaf Plus will come in under 45K this year.
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Dec 25, 2003
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er34er34 wrote: Don't need more base model Model 3's on the road, I find the people driving the base models Tesla's are much more likely to be hypermilers, doing at/below speed limit in the left lane.
Sounds scientific.
General Radek had some good ideas.
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May 12, 2004
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Mississauga
I hope Tesla brings price to 44 999 so we can take
Advantage of the deal .

Still understanding how the business tax credit would work . My mom is self employed and seeing if she could make use of it
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Sep 30, 2007
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seafish wrote: Model 3 is 46,700, that's a bummer.
Not even a year ago, in May of 2018, exchange rate was 1.27, which would put price of base M3 under C$45k in Canada.
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Apr 21, 2009
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xrvr wrote: Not even a year ago, in May of 2018, exchange rate was 1.27, which would put price of base M3 under C$45k in Canada.
I do recall when the Model 3 was first being built and sold that the base was listed at $45,600 CAD.

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