Stop the FUD. God damn it.
Do you even know what hst is for? Its only collectable by business.
Declaring Value of Bike during registration at Service Ontario
- Thread starter OV3CHK1NG
- Start date
Stop the FUD. God damn it.
Do you even know what hst is for? Its only collectable by business.
Talk to GEORGE AT CHIFOR RACING in Windsor, he's going to jail for trying to screw the MOT out of taxes... again.
statsman
Well-known member
When there is a private sale of a vehicle that requires registration with the government, the Ministry of Transportation collects the HST (that's right the HST) based on the selling price.
If you don't want to pay the tax, that's fine. I don't know anyone who WANTS to pay tax.
But remember that you are breaking the law.
The penalties if you are caught are in the thousands. Far more than the average few hundred you might have paid in tax.
There is no need to get personal in your counter points to mine. Surely we can have a discussion without calling each other names.
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Don't assume what i do or don't know. The government collect hst on vehicle registration isn't the same as collecting hst on every private trade. FYI i know alot more about cra works then you might think
Seeing how HST is provincial Ministry of Finance and CRA is federal income tax... I guess we can INFER how much you know about sales tax.
In a TRADE of vehicles between PRIVATE parties sales tax is due on the VALUE, not necessarily the price, of BOTH vehicles. Meaning you and your buddy TRADE bikes VALUED at $1000, you both pay $130 in sales tax, or you buy a bike VALUED at $1000 for $1, there is $130 of sales tax due the provincial government.
You don't tax on a trade at a dealer because dealers, at least OMVIC dealers, are sales tax except.
Read my other post regarding barter transaction. I know more about this than you think.
Also im not arguing about private vehicle trades. If you jump into a debate atleast have a clue. Do you pay hst on a used laptop in private trade?
Apparently that poster spread FUD like that.
Which advice might that be?
Dont assume. Just point it out. You on the other hands only spread FUD, hope you know what FUD stands for.
statsman
Well-known member
Let's start with your anal attachment to the term FUD
Next, your comparison to a motor vehicle sale or barter to that of a laptop computer.
There is no need to register the ownership of a computer, so the government has no way of knowing about the transaction, ergo no way of charging tax.
I think you have succeeded in avoiding tax on the sale of motorcycles on a couple of occasions and now you think you are some sort of expert.
Perhaps you are, but I shall continue with my approach if you don't mind and I will continue to advise it.
The other members of the forum are free to choose which path to take.
Wow you're a twisted head.
First calling FUD is NOT an advice.
Second I'm not comparing vehicle sale to a laptop sale. I'm using it as an example to show you're ridiculus for saying ...... "Technically you have to pay tax on that $5000 manual. "
Lastly you continue to assume what i know what i did and what i "advise".
I would stop making myself look stupid if i were you.
So far your post contains nothing but FUD.
Re read your post again. Also why do you assume someone does what he said when he was only saying that to make a point....
$5000 manual? Really? You must be a star in any meetup you attain i bet.
So let me ask the question again..... What advices did i give in this thread?
Remember again.... Calling your post rubbish is not an advice.
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Again? Really? Haha. First time was for curbsiding iirc
The moral high ground is always a safe place to be.
It isn't that they can't afford to ride or pay the tax it is that their helicopter parents have taught the self entitled special snowflakes that they are entitled to not pay their fair share, and that society owes them everything, while they need not contribute at all.
It isn't that they can't afford to ride or pay the tax it is that their helicopter parents have taught the self entitled special snowflakes that they are entitled to not pay their fair share, and that society owes them everything, while they need not contribute at all.
starboy869
Well-known member
I usually just put down $500. Then again my bikes are old and the newest I own is 93.
I remember a while back I sold a bike and got a letter in the mail asking for info. Since the buyer was a bit of dick I decided to stick it to him and put on another $500 to the price that was paid. hahaha
I remember a while back I sold a bike and got a letter in the mail asking for info. Since the buyer was a bit of dick I decided to stick it to him and put on another $500 to the price that was paid. hahaha
Iceman
Well-known member
Wow. Just wow.
That guy must have breathed so much exhaust fume.
What a bad character you got there.
You admittedly under declared the tx value but you screwed others because they weren't nice to you.
Posting this publicly then laugh?.....:/
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B4 judging someone's parenting.... I think you should look at yourself first.
Oh right... The righteous pig is a saint.... I forgot about that..... I'm sorry.
I haven't bought a bike privately for a few years but I just bought a car privately. I submitted a bill of sale for about half of what the car sells for. The clerk showed me how her computer program determined what the absolutely lowest price for the cat was, and it was many thousands more than the bill of sale I submitted. So I guess they've got a system that monitors the "bluebook" value of cars and trucks, but not motorcycles? The number of motorcycles sold must be a small percentage of cars sales, so maybe it's not worth the cost of the appropriate software? Anyway that's my latest experience.
