The Canadian Owners and Pilots Association (COPA) is calling on aircraft operators to oppose a 10 percent “luxury tax” on personal aircraft (also boats and cars) worth more than $100,000 CAD (about $75,000 USD), proposed as part of the newly elected government’s financial plan. The proposal was announced as a campaign promise in October and became government policy in Prime Minister Justin Trudeau’s “mandate letter” to Finance Minister Bill Morneau outlining the financial initiatives expected over the next four years. It occupies a single line in the document and specifies that the tax targets items for personal use. Details on its implementation timeline and how the tax will be collected have not been released.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/canada-planning-luxury-tax-on-some-aircraft