Kowtowing to the car dealers who bankroll the BC Liberals or what?
Hidden on page 80 of the new HST legislation is a huge hike in the PST to ‘level the playing field’ from unscrupulous private individuals selling their cars, boats, planes in the Buy&Sell or online.
Private sellers will have to pay 12% PST instead of 7% on used vehicles. I would imagine it stays the same, the buyer pays the taxes when they register it, but it is a massive tax grab that benefits ONLY used car dealers.
I knew it was coming… which is why I bought a ‘new’ car last week. I paid no taxes though as it was a ‘gift’ you know for the uhh baby shower.