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I suppose if they are smart, they will price it just under the $100k so there will not be luxury tax
That makes sense. Thanks for the explanation!The luxury tax on the sale, importation, registration or lease of a subject vehicle priced or valued above the price threshold, or on subject vehicles valued above the price threshold held by a person ceasing to be a registered vendor of subject vehicles is calculated as the lesser of:
So based on the above, my understanding is if the car is $120k, the tax would be $4k. And HST (rest of Canada) is on top of everything - yes, tax or tax.
- the taxable amount multiplied by 10%
- the amount that results from subtracting $100,000 from the taxable amount and multiplying the difference by 20%
What is the difference between the 105k (website) and the 108.5K your dealer tells you ?2025 Lexus GX Build & Price
Build your Lexus GX 550 to get pricing, leasing or loan estimates and choose available packages. Make it your own & experience the luxury Lexus GX.www.lexus.ca
GX 550 Price on Lexus Canadian site.
I was told by the dealer that the Overtrail+ would be $108,500 + tax. I put down the deposit in July. No information about when the vehicle would be available yet. I am located in Vancouver.
They did not give me the break down yet. Just said that they are charges from the head office and government. I have not signed up anything yet. Just told them to go ahead with the order.What is the difference between the 105k (website) and the 108.5K your dealer tells you ?