News Saskatchewan Introduces Used Car Sales Tax

18:31  13 april  2018
18:31  13 april  2018 Source:   autoTRADER.ca

Canadian Vehicle Production Down In 2017

  Canadian Vehicle Production Down In 2017 Estimates for Canada's light vehicle production numbers show that this country's auto industry produced seven per cent fewer cars and trucks in 2017 than the year before. Estimates for Canada's light vehicle production numbers show that this country's auto industry produced seven per cent fewer cars and trucks in 2017 than the year before.

Taxation revenue was projected to be down, but offset by a broadening the provincial sales tax (PST). Investors looking into our province aren’t going to look at whether or not there is PST on used cars .” New incentive programs. The budget introduced a Saskatchewan Value-added Agriculture

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used cars.jpg© http://www.autotrader.ca/ used cars.jpg

Saskatchewan has instituted a 6 percent sales tax on used cars, an item in the province's latest budget that ends a decade-old policy of not taxing the purchase of pre-owned vehicles,  a system the Saskatchewan Auto Dealers Association called a "nightmare."

According to an Automotive News story, the Saskatchewan Auto Dealers Association's members, who include new car dealers and parts manufacturers, "almost unanimously" agree with the change.

But a CBC report indicates that stand-alone used car dealers have a much different opinion of the change. They say the province did not consult them before deciding to implement the tax, and are worried the added costs to consumers will hurt a segment of the car sales industry that had already seen a decline over the past year.

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Visit a motor licence issuer to register your new or used vehicle in Saskatchewan .

Search pre-owned used car listings to find the best local deals. CarGurus analyzes over 6 million cars daily. We analyze over 6 million used car listings per day to deliver an accurate estimate of your car 's Trade-in and private- sale value.

The difference in opinion stems from the inclusion of a trade-in allowance that means only the difference between the value of a vehicle being traded in and the newer one's price will be taxed. That means buyers at franchised used car dealers - those attached to a new car store - stand to benefit more than those who shop at stand-alone used car retailers and who less frequently have an older vehicle to trade.

However, the tax will not be charged on used vehicle sales under $5,000, nor will it apply to cars gifted between family members.

The provincial government estimates the new tax will add up to $95 million in revenue every year.

Saskatchewan is the most dangerous place to drive in Canada .
Over a five-year period, Saskatchewan’s average traffic fatality rate is more than double the national rate and higher than any other provinceIt was a milestone to celebrate for a province that has one of highest traffic fatality rates in the country.

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