Luxury goods tax now in effect in Canada -- what you need to know

By News on the Net —— Bio and Archives September 3, 2022

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(CTV) The federal government's luxury goods tax came into effect on Sept. 1, targeting luxury cars, private jets and yachts. Plans for a luxury goods tax were first introduced in last year's federal budget, but a bill to enact the tax wasn't introduced until April 2022. The Select Luxury Items Tax Act received royal assent in June 2022.-- More...