Photo Credit: THE CANADIAN PRESS/Adrian Wyld/CP24

Source: Steve Scherer, ctvnews.ca, April 19, 2021

A luxury tax on new cars and private aircraft valued at more than $100,000 and boats worth over $250,000 will come into force next year if the budget is passed. 

OTTAWA — Canada’s first budget in two years, to be presented to parliament on Monday, proposes a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts, government sources familiar with the document said.

It will not include a wealth tax, a levy sought by the opposition New Democrats. Liberal Prime Minister Justin Trudeau’s budget will need the support of at least one opposition group to pass.

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