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Smart Shopper Importing Car into Canada from US
4513 messages, Last post on Dec 02, 2009 at 8:40 PM
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Hi, My friend is currently working in US and has a BMW that I want to buy . We are both Canadians. If he drives it up, will I still need to pay the GST? Since I have never registered a car myself, I am not sure what they need and how do they know the car is from US? When I read the CBSA sight and they refer to an assessment tax. What is that? or do i pay GST on the sale price of the vehicle. Plus are BMW manufactured in US or in Germany? wondering if i will need to pay the 6% foreign make tax?
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Replying to: nissa (Jul 20, 2006 9:18 pm) I think GST is computed based on market value of the vehicle, as opposed to the sale price. That is, the seller may state that the vehicle was sold for $1 but actually has a market value of $25K just to circumvent GST. I don't think we can fool Revenue Canada. There are BMWs manufactured in US like the X5 and Z4, but most of the others are made outside of North America. So, it depends what BMW model you are buying.
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Replying to: crikey (Jul 21, 2006 8:53 am) |
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Hello, Could anyone who has recently purchased a brand new car and imported it to Canada, please answer this question? The US Customs requires the original title of the car sent to them 72 hours prior to you crossing the border with the car. But for a brand new car, did the dealer give you this document? Or was sending them the bill of sale suffiecient enough? Thank you, CarLover.
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Replying to: filion (May 29, 2006 6:12 pm) 1) Do I have to pay any sale taxes in the US? 2) Do I need to have insurance before driving it back to Montreal (I guess yes.)? 3) Any dealers recommended in Plattsburgh, Burlington or around. 4) What modifications are needed on the Tribeca to comply with canadian regulation? Thank you in advance.
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Replying to: khn (Jul 23, 2006 4:01 pm) No, sales taxes apply to the state (and county) where the vehicle will be registered in. For example, if a person lives in FL but bought a car in Georgia, the person does not pay the dealership, in Georgia, the sales taxes applicable to the vehicle. The person only pays the agreed purchase price for the vehicle. Once the person registers the vehicle in FL, the sales taxes will be due and calculated based on the amount purchased as indicated on the bill of sale. So, if a Canadian buys a car from the US with intentions of bringing it back to Canada, no sales tax should be due at time of purchase since the vehicle will not be registered in the US. Now, some dealerships will insist on the sales tax, and that is OK if the person is registering the vehicle in another state because the state of registration will take into account sales taxes already paid, if applicable. However, Canada will not take that into account and will result in double taxation. So, insist on NOT paying the sales tax. |
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Replying to: carlover10 (Jul 23, 2006 9:17 am) |
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im thinking about importing an 03 nissan 350z..from the states into canada.. the cost of the car in cdn funds would be $22,850+tax.. any idea what it would cost me for duty and taxes i dont know if its made in the Us or mexico..
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Replying to: cdn_24 (Jul 25, 2006 9:19 pm) |
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Replying to: seandamien (Jul 09, 2006 4:25 pm) http://toronto.kijiji.ca/c-cars-vehicles-cars-over-5K-2003-BMW-Z4-W0QQAdIdZ56125- 17 good luck: gabe |
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