Welcome to Carver Yachts Owners Forum

We are a boating forum for owners of Carver Yachts to enthusiastically discuss all aspects of Carver Boat ownership. Whether you are looking for your first Carver or currently own one, you are sure to feel at home on CarverYachtOwners.com

You are currently viewing our board as a guest which gives you limited access to view most discussions, articles and access our other FREE features. By joining our free community you will have access to searching the forum topics, post topics, communicate privately with other members (PM), respond to polls, upload your own photos and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

Used Boats In Canada Are Going To have A Better Resale Value

ImageThis forum is for general discussion of all things Boating. If it's boating related and doesn't fit in another forum, post it here!

Canada
Viper
CYO Supporter
CYO Supporter
Posts: 6069
Joined: July 10th, 2015, 9:58 pm
Vessel Info: 1989 Carver 3807 Aft Cabin
Location: Ontario, Canada
Has thanked: 460 times
Been thanked: 1711 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby Viper » April 20th, 2021, 5:55 pm

bud37 wrote:Source of the post Maybe if everyone paid their fair share instead of finding ways to avoid tax......I do understand that there is a need to cover the bills and not just print money......

I completely agree. I think we're going to be paying in one way or another for all the government expenditures during COVID. Most of that is needed but not handled properly. The money has to come from somewhere but this way of getting it isn't just going to affect the guys that want in on that market, it affects everybody in the industry, that includes people that have nothing to do with the $250K purchase. There are better ways, it's called smart government spending of our money. I can say this quite comfortably because my wife works for a government ministry and some of the decisions they make and money they needlessly spend and write off just makes hers and my heads spin. I don't mind paying my fair share for the awesome services we get but don't just throw it away because it's someone else's money.

User avatar

Canada
pepmyster
Admiral
Admiral
Posts: 1016
Joined: June 5th, 2018, 7:17 am
Vessel Info: 2004 Carver 360 Sport Sedan
8.1 Volvo Penta
Fresh water boating
Location: Ottawa
Has thanked: 475 times
Been thanked: 201 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby pepmyster » April 21st, 2021, 6:53 am

"Smart Government spending". I like that one. There is so much waste at that level it's insane. There has to be a better way, Cut the fat, think twice.....I'm sure they come in with good intensions then get caught up with the money machine. Just my 2 cents. I just want to boat.
User avatar

Canada
bud37
Admiral
Admiral
Posts: 4972
Joined: April 23rd, 2015, 10:22 pm
Has thanked: 585 times
Been thanked: 1242 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby bud37 » April 21st, 2021, 11:00 am

Wait till the border opens up. There may just be be an even greater demand for quality used boats from the Canadian great lakes area. They have already gone way up.
FWIW.....The above is just my opinion..... :popcorn:
User avatar

Topic author Canada
Midnightsun
CYO Supporter
CYO Supporter
Posts: 2952
Joined: March 27th, 2016, 2:27 pm
Vessel Info: The Midnight Sun
2007 41CMY
Volvo D6-370's
Location: Montreal, Canada
Has thanked: 270 times
Been thanked: 1164 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby Midnightsun » April 21st, 2021, 2:46 pm

km1125 wrote:Source of the post I honestly think this kind of tax is absurd. How can someone purchasing a $240,000 boat pay none of this tax but a person buying a $260,000 boat pays an extra $26,000, and how is that "fair" or "equitable"??


I do not understand yet how this is going to work exactly however I do believe it is only on the portion above $250,000
Cheers, Hans
2007 Carver 41 CMY
Twin Volvo D6-370's
Montreal, Canada
Midnight Sun I Photos

Canada
Viper
CYO Supporter
CYO Supporter
Posts: 6069
Joined: July 10th, 2015, 9:58 pm
Vessel Info: 1989 Carver 3807 Aft Cabin
Location: Ontario, Canada
Has thanked: 460 times
Been thanked: 1711 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby Viper » April 21st, 2021, 3:01 pm

bud37 wrote:Source of the post Wait till the border opens up. There may just be be an even greater demand for quality used boats from the Canadian great lakes area. They have already gone way up.

Hey, good point Bud, maybe we should throw in yet another tax if you're a non resident. I mean let's face it, considering the US exchange rates, it'll mean just a few extra pennies for our southern neighbours ;-) Can you imagine? Ya let's do everything we possibly can to deter boat sales because that will really help the economy. Oh brother. :banghead:
User avatar

United States of America
km1125
Admiral
Admiral
Posts: 3526
Joined: February 28th, 2017, 6:04 pm
Has thanked: 72 times
Been thanked: 1057 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby km1125 » April 21st, 2021, 4:45 pm

Midnightsun wrote:Source of the post
km1125 wrote:Source of the post I honestly think this kind of tax is absurd. How can someone purchasing a $240,000 boat pay none of this tax but a person buying a $260,000 boat pays an extra $26,000, and how is that "fair" or "equitable"??


I do not understand yet how this is going to work exactly however I do believe it is only on the portion above $250,000

From what I read so far, it's either 10% of the whole purchase price, or 20% of the amount over the threshold, whichever is greater. So, for a $250K boat, it's $25K on top of whatever other taxes you pay, for a 500K boat, it's $50K on top of whatever other taxes you pay, and for a $1M boat, it'd be $150K.
User avatar

Topic author Canada
Midnightsun
CYO Supporter
CYO Supporter
Posts: 2952
Joined: March 27th, 2016, 2:27 pm
Vessel Info: The Midnight Sun
2007 41CMY
Volvo D6-370's
Location: Montreal, Canada
Has thanked: 270 times
Been thanked: 1164 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby Midnightsun » April 21st, 2021, 5:00 pm

That sort of makes sense to me, thanks.
Cheers, Hans
2007 Carver 41 CMY
Twin Volvo D6-370's
Montreal, Canada
Midnight Sun I Photos
User avatar

Canada
bud37
Admiral
Admiral
Posts: 4972
Joined: April 23rd, 2015, 10:22 pm
Has thanked: 585 times
Been thanked: 1242 times

Re: Used Boats In Canada Are Going To have A Better Resale Value

Postby bud37 » April 21st, 2021, 6:46 pm

:down:
FWIW.....The above is just my opinion..... :popcorn:

Return to “General Boating Discussion”



Who is online

Users browsing this forum: No registered users and 26 guests