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Canadian Industries Call for Clarification of New Luxury Tax (1)

Aug. 16, 2022, 8:45 AMUpdated: Aug. 16, 2022, 5:09 PM

Canada’s auto, aircraft and boating industries say they face significant uncertainties over how the tax authorities will enforce a new levy on luxury goods, just weeks before it’s set to take effect.

The Department of Finance released new details this month ahead of the Sept.1 tax implementation date, but that has failed to assuage concerns over how it will apply to some sales, particularly when it comes to the application of exemptions, industry representatives and lawyers said.

“I’m sure that there’s going to be cases that are going to be tested,” Anthony Norejko, president and CEO of the Canadian Business ...