Ontario Canada hit with new Luxury Tax

Blueraptor2022

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Mar 14, 2022
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So, I am in Ontario Canada and unfortunately we are being hit with a new 20% luxury tax which takes affect Sept 1, 2022. The problem I have is that my Bronco has a tentative delivery date of Sept 1st lol.

The total tax hit is now 33% instead of normal 13% which is still high, this applies to any vehicle over $100K. Now I am definitely rethinking taking it.
 

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