I live in the U.S. and may want to give my current vehicle to my son who lives in Canada. Can I do that without him having to pay tax on the vehicle? I need to know soon.
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I live in the U.S. and may want to give my current vehicle to my son who lives in Canada. Can I do that without him having to pay tax on the vehicle? I need to know soon.
I said to work for a company that imported personal effects into Canada, including vehicles. Nope, he will have to pay taxes, the maximum non-taxable gift that can be imported is $60.00. For more details on the actual procedure see this link
http://cbsa-asfc.gc.ca/publications/...48-eng.html#s5
He will have to pay 7% of the value in GST (minus the $60.00 expemption mentionned above) and then $100.00 excise tax if the car has a/c and then $182 to re-register it. Check on the link below to make sure the car is admissible into Canada, most US cars would be but you never know...
http://www.tc.gc.ca/roadsafety/impor...list/VAFUS.pdf
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