What tax is payable on a private trade?

[FitzR6]

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All BS, my mom owns an MTO office. Whoever gave that info was high!

Ah, just as I thought.

 

[bear22099]

Any Motor Vehicle including bikes that are 20+ years old have to have an appraisal to set the value for the HST. As for sushi's off topic - the gov't is taxing the transaction - the subject matter, whether it is potatoes you grew or a used m/c, doesn't really matter except to have a taxable value assigned to it.

I imported a bike from Texas a few years ago, the bike was 22 years old. No appraisal needed because it was a motorcycle. And it was specifically due to it being a motorcycle. If it was a honda car, an appraisal was required. The woman at the license office even phone it in because she was certain I had to have an appraisal and I was insisting I did not. Turns out I was correct.

 

[bear22099]

All BS, my mom owns an MTO office. Whoever gave that info was high!

There are far too many different opinions before your post for us to determine which ones were wrong.

 

[klm1]

Off topic: I don't understand why we have to pay tax on a vehicle/item that was already taxed. E.G I paid 100% of the tax for my bike when i got it new so it should be tax free when it comes to sell it as the tax has already been paid... Stupid system.

+ 10000000... Seriously.

I do not get it either. once you purchase a vehicle. The original purchased paid the tax for it. So why should the next buyer pay tax again and if they sell it then the next buyer pays tax. Stupid system indeed.

 

[Vitamin_B12]

the 3 year thing is definitely false. i bought a 2010 private sale and the value on the UVIP was blank. paid $13 in taxes on declared sale price value of $100

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