{"id":7479,"date":"2025-03-24T21:00:14","date_gmt":"2025-03-25T01:00:14","guid":{"rendered":"https:\/\/www.paulrioux.ca\/?page_id=7479\/"},"modified":"2026-05-22T13:50:10","modified_gmt":"2026-05-22T17:50:10","slug":"general-luxury-goods-tax","status":"publish","type":"page","link":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/","title":{"rendered":"Luxury goods tax"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779472243254{margin-bottom: 0px !important;}&#8221;]\n<h2 class=\"blog-single-title\">Fiscal and Financial Planning Guide 2024-2025<\/h2>\n<h3>General &gt; Luxury Goods Tax<\/h3>\n<p>The federal government is eliminating the luxury tax on aircraft and boats acquired after the budget date of November 4, 2025. <strong>However, it remains in effect for automobiles.<\/strong>[\/vc_column_text][vc_column_text css=&#8221;.vc_custom_1742866581282{margin-bottom: 0px !important;}&#8221;]The tax will be the least of :<\/p>\n<ul>\n<li>20% of the excess of the previous thresholds<\/li>\n<li>10% of the value of the asset<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;9123&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779472298580{margin-bottom: 0px !important;}&#8221;]It can be noted that the luxury tax will reach the maximum of 10% of the value of the property for automobiles costing $250,000.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Vehicle Trade-In<\/strong><\/p>\n<p>The value of a vehicle given in trade-in is not taken into consideration in the calculation of the luxury tax. The luxury tax is calculated on the gross purchase price of the new vehicle.<\/p>\n<p>The value of the traded-in vehicle may, however, be applied as a reduction to the selling price for the purposes of calculating GST-QST as before.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Used Vehicles<\/strong><\/p>\n<p>The luxury tax does not apply to used vehicles.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Vehicle Leasing<\/strong><\/p>\n<p>The luxury tax will be payable by the dealer or the leasing company upon purchase of the vehicle for subsequent leasing. They will therefore take it into account in the calculation of monthly lease payments, upfront fees, and residual value.[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-arrow-left&#8221; url=&#8221;\/en\/fiscal-and-financial-planning-guide\/&#8221;]Back[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779472243254{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 General &gt; Luxury Goods Tax The federal government is eliminating the luxury tax on aircraft and boats acquired after the budget date of November 4, 2025. However, it remains in effect for automobiles.[\/vc_column_text][vc_column_text css=&#8221;.vc_custom_1742866581282{margin-bottom: 0px !important;}&#8221;]The tax will be the least of : 20% [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":0,"parent":7402,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7479","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luxury goods tax | Paul Rioux CA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury goods tax | Paul Rioux CA\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779472243254{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 General &gt; Luxury Goods Tax The federal government is eliminating the luxury tax on aircraft and boats acquired after the budget date of November 4, 2025. However, it remains in effect for automobiles.[\/vc_column_text][vc_column_text css=&#8221;.vc_custom_1742866581282{margin-bottom: 0px !important;}&#8221;]The tax will be the least of : 20% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Paul Rioux CA\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-22T17:50:10+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/general-luxury-goods-tax\\\/\",\"url\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/general-luxury-goods-tax\\\/\",\"name\":\"Luxury goods tax | Paul Rioux CA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/#website\"},\"datePublished\":\"2025-03-25T01:00:14+00:00\",\"dateModified\":\"2026-05-22T17:50:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/general-luxury-goods-tax\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/general-luxury-goods-tax\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/general-luxury-goods-tax\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.paulrioux.ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Guide\",\"item\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Luxury goods tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/#website\",\"url\":\"https:\\\/\\\/www.paulrioux.ca\\\/\",\"name\":\"Paul Rioux CA\",\"description\":\"Planification financi\u00e8re et fiscale\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.paulrioux.ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Luxury goods tax | Paul Rioux CA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/","og_locale":"en_US","og_type":"article","og_title":"Luxury goods tax | Paul Rioux CA","og_description":"[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779472243254{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 General &gt; Luxury Goods Tax The federal government is eliminating the luxury tax on aircraft and boats acquired after the budget date of November 4, 2025. However, it remains in effect for automobiles.[\/vc_column_text][vc_column_text css=&#8221;.vc_custom_1742866581282{margin-bottom: 0px !important;}&#8221;]The tax will be the least of : 20% [&hellip;]","og_url":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/","og_site_name":"Paul Rioux CA","article_modified_time":"2026-05-22T17:50:10+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/","url":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/","name":"Luxury goods tax | Paul Rioux CA","isPartOf":{"@id":"https:\/\/www.paulrioux.ca\/#website"},"datePublished":"2025-03-25T01:00:14+00:00","dateModified":"2026-05-22T17:50:10+00:00","breadcrumb":{"@id":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.paulrioux.ca\/en\/guide\/general-luxury-goods-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.paulrioux.ca\/"},{"@type":"ListItem","position":2,"name":"Guide","item":"https:\/\/www.paulrioux.ca\/en\/guide\/"},{"@type":"ListItem","position":3,"name":"Luxury goods tax"}]},{"@type":"WebSite","@id":"https:\/\/www.paulrioux.ca\/#website","url":"https:\/\/www.paulrioux.ca\/","name":"Paul Rioux CA","description":"Planification financi\u00e8re et fiscale","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.paulrioux.ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/comments?post=7479"}],"version-history":[{"count":5,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7479\/revisions"}],"predecessor-version":[{"id":9125,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7479\/revisions\/9125"}],"up":[{"embeddable":true,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7402"}],"wp:attachment":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/media?parent=7479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}