There has been a lot of discussion surrounding Canada's new luxury tax, which was implemented on September 1, 2022. We get a lot of questions from people asking if any of our inventory is affected by the luxury tax. In short, no.
All vehicles priced under $100,000 CAD are not subject to Canada's luxury tax. This makes up about 98% of our inventory.
We do, however, have a selection of inventory priced over $100,000 CAD, so what about those? Will those be subject to the luxury tax?
According to the Government of Canada, all new vehicles priced over $100,000 CAD are subject to a 20% tax for any amount the sale price exceeds $100,000. But that's only if the vehicle is built after 2018 AND has never been registered in Canada.
What that means is: If a brand new vehicle has never been sold before, it has also never been registered at a Canadian registry. If a car is pre-owned, it has therefore previously been registered in Canada. This means all of our inventory is NOT subject to the luxury tax! Weather you're looking for a Honda or a Lamborghini, when you shop at House of Cars, you don't need to be concerned about the luxury tax.
The only scenario where a car in our inventory would be subject to this tax would be if it was imported from another country, like the United States, and has a list price of $100,000 CAD or more.
Browse our entire inventory here.
