Regulation & Safety

Why the proposed luxury tax might have no winners

The federal government announced in its April budget that, effective Jan. 1, 2022, vehicles $100,000 and more will be levied with a luxury tax that ranges up to 10 per cent depending on the purchase price.

May 26, 2021 04:01 AM

The proposed federal luxury tax on new vehicles will inflict a whole lot of pain for very little gain, dealers and economists warn.

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