Hi I'm from Quebec and interested in buying a bike from Ontario. What are the procedures to follow and what taxes have to be paid to the private owner?
Be nice, pay the owner in cash (so you have no way to "back track" a transaction), and ask him to put $1 for sold price. Apparently there is no blue book value on motorcycles (someone correct me if I am wrong), don't give taxes, and he won't have to either (since you both agreed on 1 dollar, no paper trail).
Quebec is not Ontario.Be nice, pay the owner in cash (so you have no way to "back track" a transaction), and ask him to put $1 for sold price. Apparently there is no blue book value on motorcycles (someone correct me if I am wrong), don't give taxes, and he won't have to either (since you both agreed on 1 dollar, no paper trail).
Calculating the Québec Sales Tax
The QST is 8.5%. It is based on the value of the vehicle, which is generally its selling price. However, the value of a vehicle cannot be less than that fixed under the law or by the Ministère du Revenu du Québec. This value is established according to:
Note:
- the Guide d'évaluation Hebdo (light trucks and automobiles (Hebdo Mag Inc.)) for used passenger vehicles and small trucks;
- the Livre Bleu des concessionnaires de motocyclettes canadiens (All Seasons Publication Limited) for used motorcycles;
- the Livre Bleu des concessionnaires canadiens de VTT, motoneiges et motomarines (All Seasons Publication Limited) for all-terrain vehicles and snowmobiles.
If the vehicle no longer appears in the reference books above, other rules may apply. Contact the SAAQ before going to a service outlet.