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

(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...