For those buying bikes for "$100" declared on bill of sale

caboose483 said:
you can declare 'two live chickens' on a bill of sale if you want.
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Dayummmm.. And I declared 2 roasted chickens the last time around :(
 
happycrappy said:
Oh I don't know, maybe the original post? On the ball tonight eh? Point being, yes insurance does care what's declared as purchase price.
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Your buddy didn't register it properly. /end

What is this ball you speak of?
 
Spyug said:
Just to make it more interesting the MTO requires an appraisal for value on anything over 25 years old. In these cases, not only do you get to pay tax ( and on what figure its appraised at and on what could be a hunk of un useable junk) but also the appraiser fee ( which could be as much as $100 or more).

It is really annoying when you realise potentially how much tax they can get from one vehicle if it is sold multiple time. One bike I bought a few years back had had 14 previous owners. I figured they likely got 100% of the original purchase price out of it.

Enough already, tax the bike once when its sold and exempt it thereafter or if that doesn't seem right let it be taxed up to 5 years after the original sale but cut it off at some point.

I wouldn't mind the tax so much but the government just seems to waste it anyway don't they?

Cheers all,
spyug
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Is this new? When I registered my KZ400 it was over 25 y/o and I didn't need it appraised.
 
Gryph said:
Is this new? When I registered my KZ400 it was over 25 y/o and I didn't need it appraised.
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It is recent. I had to get a beater '76 Chevy appraised. I was told by the appraiser it's because the government is sick of people paying next to nothing for all those 30,000$ muscle cars. As people have said here, it's just a cash scam.
 
FiReSTaRT said:
It's not about the cost, it's about the principle of the matter. While we can all accept the fact that the government needs to collect its lb of flesh on the initial sale of the item, do they REALLY have to go over and over and over for as many times as the vehicle was sold? Sometimes we just have to say enough is enough.
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I had to pay tax twice on the used bike I bought than re-bought it again when I sold it. So the government in essence got 4 taxes on that one bike. Now in Alberta they don't tax you on buying used so probably cheaper to buy it here and crate it home.
 
psycho44 said:
I had to pay tax twice on the used bike I bought than re-bought it again when I sold it. So the government in essence got 4 taxes on that one bike. Now in Alberta they don't tax you on buying used so probably cheaper to buy it here and crate it home.
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how are you going to register it in Alberta?
 
oh yeah good point lol. It's easy to register it in Alberta as I work here most of the year, got an Alberta driver's license too but I own a house in Ontario too. Insurance is 4 times cheaper but I think you have to take an emission test and all sorts of safety inspection to register it in Ontario which will defeat the tax savings I think. Hmm maybe I'll look into it further when the time comes. Man we live in one country but when you live in multi provinces it's a redtape headache.
 
hey doubleJ. Mopeds or anything under 50cc here was like back in the 90's when you just needed a driver's license and I believe you can be 14 years old to ride one. I heard the test to get a full motorcycle license is done in a parking lot for safety concerns.

I attended one scooter rally. It was an insane 3 day event. Mostly vintage vespas just my and 1 other guys scooter were maxi scooters out of the 50 participants that came from as far as Vancouver and Edmonton to Calgary. Even the Yamaha motorcycle was a 50cc (not pocket bike).

Not too many scooter shops and motorcycle shops won't touch my scooter lol.
 
psycho44 said:
oh yeah good point lol. It's easy to register it in Alberta as I work here most of the year, got an Alberta driver's license too but I own a house in Ontario too. Insurance is 4 times cheaper but I think you have to take an emission test and all sorts of safety inspection to register it in Ontario which will defeat the tax savings I think. Hmm maybe I'll look into it further when the time comes. Man we live in one country but when you live in multi provinces it's a redtape headache.
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hahaha, I like being in a kind of European union (sarcasm here) I got my license void because I was coming from another province. Same thing applies to BA diploma with the Government, courses federally recognized but not recognized by other provinces (like, driving course, hunting etc), driving experience not recognized with insurance companies etc.

Back to subject, the insurance companies might care about the value you give them, but when it's time to claim an accident they will go by the value on kijiji/graiglist etc. I bought my '05 Cavalier in Québec for 5 500$ at 70 000km, got totaled at 103 000km and my insurance company gave me 6 800$. Go figure out...., it was only because the same car here is much more expensive than in Québec.
 
vince492 said:
hahaha, I like being in a kind of European union (sarcasm here) I got my license void because I was coming from another province. Same thing applies to BA diploma with the Government, courses federally recognized but not recognized by other provinces (like, driving course, hunting etc), driving experience not recognized with insurance companies etc.
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I don't know why they would void your license. A buddy of mine moved from Quebec to Ontario because of a job and then he went to the MTO they had a hard time understanding his license. They asked him if this was for a Motorcycle and a car he said yes. He now has a GM license. He's never been on a bike before.
 
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