Sat, Mar 19, 2022
Once Again, Politicians Believe "Private Planes" are Far More Luxe Than Reality
Last year, Canada included a proposal for a new tax on the sale of luxury autos and aircraft with a retail price over $100,000, and new watercraft over $250,000.
The Canadian Owners and Pilots Association has spoken at length on the issue, attempting to explain to legislators the fact that $100,000, or $80,000 USD, doesn't quite buy an equivalent amount of luxury between the automotive and aeronautical world. The tax would be calculated at the lesser of 20% of the value above the price thresholds, or at 10% of the full value of the vehicle. Should Parliament approve the tax, it will go into effect on September 1, 2022.
Ottawa has released the draft legislation for public comment, stating they will take public input into consideration with the final version. They have explained that the proposal builds on the older, more vague background information document they released in August of 2021. The new draft proposal replaces the older work, alleviating concerns regarding its less rigorous framework to implement the luxury tax.
The Association has made some headway on changing some minds, seeing a couple changes to the draft, including a pair of particular interest to aircraft owners and operators. "Relief is proposed to be provided to after-sale improvements that are made to vehicles," said COPA. "Aircraft or vessels purchased below the relevant price threshold; and relief for aircraft is proposed to be expanded to take into account qualifying flights that are conducted in the course of a business with a reasonable expectation of profit."
COPA reminds aviation stakeholders to share their comments on the draft via the government email by April 11.
More News
Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]
From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]
Pilot Reported That He Was Unfamiliar With The Single Seat Amateur-Built Airplane And His Intent Was To Perform High-Speed Taxi Testing Analysis: The pilot reported that he was unf>[...]
From 2023 (YouTube Edition): First Kits to Ship October 2023 Having formerly resurrected the storied shape of the Ryan ST—in effigy, anyway—Montrose, Colorado-based Tim>[...]
Performance-Based Navigation (PBN) [ICAO] Area navigation based on performance requirements for aircraft operating along an ATS route, on an instrument approach procedure or in a d>[...]
NTSB Prelim: Piper PA-23
See All