Beginning July 1st, all vehicles whether bought from an individual or a dealership will be subject to the same harmonized tax of 12 percent.


Written by: Categories: Auto Insurance

You had to know this was coming!  Since the inception of the GST, vehicles sold privately have been exempt from GST. This has been a contentious issue with dealerships as many argued it encouraged buyers to look to individual owners thus saving the additional tax. Well all is square now. Beginning July 1st, all vehicles whether bought from an individual or a dealership will be subject to the same harmonized tax of 12 percent.

Collecting of this tax is not the responsibility of the seller. As before, all taxes will be collected by the licensed auto dealership at the time of sale or by the Autoplan broker at the time of transfer and licensing.

Check out http://www.gov.bc.ca/hst/ for further details on the new HST.